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“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.”
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“Sales growth combined with slower store growth implies commercial takes a larger role.”
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“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.”
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“We continue to believe that AutoZone is making all the right moves to invest in its store base in the near to medium term.”
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