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Shares of O’Reilly Automotive (NASDAQ:ORLY) crater subsequent to the company reducing its second quarter sales guidance. Investors were disappointed that the sales jumps early in the year have fallen back, as customers are now more heavily into buying new vehicles, rather than older ones which need all kinds of parts. The troubles of O’Reilly are also filtering into the rest of the sector, as shares of Advance Auto (NYSE:AAP), Pep Boys (NYSE:PBY), and Autozone (NYSE:AZO) follow the same path for the same reason.
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Outgoing McDonald’s (NYSE:MCD) CEO Jim Skinner had a few comments to make in his last appearance on Squawk Box. Skinner remarked that he maintains complete support for consumer sovereignty, opposing Mayor Bloomberg’s anti-soda efforts; reaffirmed the fast-food giant’s concentration on same-store growth; and the subtle de-emphasizing of China and the emerging markets.
Shares of Sodastream (NASDAQ:SODA) climb higher while company executives update investors at the Oppenheimer Consumer Conference. SODA’s move in which it sells products in Wal-Mart stores was sais to be proceeding well, and that the project will continue until the next spring at a minimum. During the slideshow, it was demonstrated how the company’s margins increase over time in maturing markets, due to its product mix shifting into consumables.
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