​Goldman Issues Grim Outlook For AutoZone Citing “Significant Exposure” To Struggling Working-Poor Consumers  – Tyler Durden

Goldman Issues Grim Outlook For AutoZone Citing “Significant Exposure” To Struggling Working-Poor Consumers  Continuing the theme of low-income consumers being financially under pressure, Goldman analysts told clients this AM that their decision to downgrade auto parts retailer AutoZone from “Buy” to “Sell” was primarily based on the challenging macroeconomic environment for consumers. Goldman’s Kate McShane led a team of analysts who said AZO will likely see muted growth over the next few quarters. She noted that the auto parts retailer’s customer base is highly exposed to working-poor consumers, which elevated inflation and high interest rates could crimp spending from this group and impact sales through winter into early…  — Continue at ZeroHedge News : Read More