Management cited a narrower assortment of handsets, ramp up of expertise on the activation process, and fewer-than-expected promotions as reasons for the softness. |
Sales growth combined with slower store growth implies commercial takes a larger role. |
There's no surprise in the numbers coming so close to the profit warnings. The story here is the company's insistence it can pay a dividend. |
We continue to believe that AutoZone is making all the right moves to invest in its store base in the near to medium term. |