AutoZone Shares Slump After January Storms Dented Sales

AutoZone Inc. shares plunge after the auto parts retailer reported sales that missed estimates in a quarter where winter storms disrupted business.

AutoZone’s domestic same-store sales growth of 3.4% was short of the 4.85% increase expected by analysts polled by Bloomberg. Earnings per share in its fiscal second quarter edged lower to $27.63, beating the $27.25 Wall Street consensus, as the company continued to spend on growth plans.