Is The Collapse Of AutoZone Justified By Its Earnings Report?
- AutoZone fell 4% today after releasing its quarterly results.
- The company beat the analysts’ consensus on the earnings per share ($11.28 vs. $11.26), while it slightly missed on the revenue ($3.05 B vs. $3.07 B).
- Although the revenue of Q4 appeared lower than last year, it was actually higher by 4.5%, as last year's quarter included an additional week.
- Moreover, for the reasons analyzed in the article, the reaction to the report was overblown.