Latest news with #Autozone
Buzz Feed
28-05-2025
- Business
- Buzz Feed
Rising Prices At Walmart: Shoppers Report Tariff Effect
In mid-May, Walmart announced that price hikes were coming due to President Trump's tariffs. Other brands like Best Buy, Autozone, and Adidas have also said they'll have to raise prices because the tariffs will increase their costs of doing business. Trump, who has repeatedly claimed that other countries such as China would pay for the tariffs, responded with a post on his Truth Social platform urging Walmart to "EAT THE TARIFFS." The company, which reported $684.2 billion in sales in 2024, has declined to forecast how it might perform in the current quarter of 2025 due to the uncertainty posed by the tariffs. Well, just a couple weeks later, we're starting to see some higher prices rolling in. Walmart employees and shoppers are sharing the price hikes they've spotted in the wild. I confirmed these prices on the Walmart website with links throughout. As of the time of writing, all prices seen in these images are correct (with one exception that's now priced even higher online). Here are some of the most viral examples of these price hikes so far: This doll went from $34.97 to $49.97. This fishing reel went from $57.37 to $83.26. And this roll of tape went from $4.24 to $9.94. The employee who posted this wrote, "The tariffs are tariffing." According to a customer's receipt saved in the Walmart app, this heating pad went from $19.98 to $24.96 on the website today. And this 8 pack of Play-Doh went from $5.64 to $7.47. This tablet jumped from $79 to $97. And this snap from a toy aisle in Asheville, North Carolina, shows prices on a Never Dry Dough Creation Station, an Etch a Sketch, and a Lite Brite Magic Screen set going from $19.97, $14.97, and $14.97 to $24.97, $24.99, and $21.97, respectively. The Lite Brite is currently listed on Walmart's website for $30.99. And finally, a Walmart employee on Reddit shared this screenshot of the price changes underway at their location: Have you noticed prices going up at your local Walmart? Share your photos and receipts in the comments or email them to me.
Buzz Feed
30-04-2025
- Business
- Buzz Feed
7 Companies That Have Said Their Prices Are Likely To Go Up Due To Trump's Tariffs
Earlier this week, White House Press Secretary Karoline Leavitt slammed a reported plan by Amazon to begin displaying the costs of Trump's tariffs on imported goods, calling it "a hostile and political act by Amazon." An Amazon spokesperson later told Reuters that the company had considered this plan, but it "was never approved and [is] not going to happen." However, some Amazon sellers have reportedly already raised prices due to the tariffs, and others have said they plan to opt out of Prime Day this year due to the rising costs to their business. China-based brands like Temu and Shein also responded to the tariffs this week by raising prices, and the effects of the tariffs are expected to be felt more broadly in the coming weeks. So what can we expect? Here are 7 more companies that have said that the tariffs will likely force them to raise prices: 1. Best Buy Best Buy CEO Corie Barry touched on the issue of tariffs in the company's Q4 earnings call. She said, "The consumer electronics supply chain is highly global, technical, and complex. China and Mexico remain the No.1 and No. 2 sources for products we sell, respectively. While Best Buy only directly imports 2% to 3% of our overall assortment, we expect our vendors across our entire assortment will pass along some level of tariff costs to retailers, making price increases for American consumers highly likely." 2. Autozone Bloomberg / Bloomberg via Getty Images In an earnings call in late 2024, Autozone CEO Philip Daniele said, "If we get tariffs, we will pass those tariff costs back to the consumer." There are currently no cars in the US made entirely from domestically manufactured parts. 3. Procter & Gamble Procter & Gamble, the corporate owner of many household brands like Tampax, Crest toothpaste, and Tide detergent, has also said it may be forced to raise prices. AP reports that P&G's Chief Financial Officer Andre Schulten said that their prices may start going up in July. 4. Adidas Even though it seems like everyone and their mom has a pair of Sambas these days, Adidas has also warned that its prices are set to rise. In a statement this week, the company said, "Higher tariffs will eventually cause higher costs for all our products for the US market." However, the statement also noted that there's still a lot of uncertainty about the final tariff costs the company will face, so it's currently too soon to say exactly what their plan may be. 5. Nintendo Nintendo delayed pre-orders for its new console, the Switch 2, after Trump's tariffs were announced in early April. The console itself hasn't gone up in price, but the company issued a statement explaining that accessories like the Joy-Con 2 will cost more due to the tariffs. 6. Rolex Edward Berthelot / Getty Images Luxury brands also expect to be affected by the sweeping tariffs. According to GQ, watchmaker Rolex has announced a 3% price increase starting in May. 7. Target Though Target is reportedly attempting to negotiate with some foreign sellers to lower the impact of tariffs, the brand does anticipate raising prices in some categories. In March, Target CEO Brian Cornell told CNBC that prices on produce like strawberries and avocados are likely to increase. He went on to say that the company plans to keep certain prices, like $5 t-shirts, the same, which will force them to raise other prices accordingly.
Axios
27-03-2025
- Automotive
- Axios
The surprising winners and losers from Trump's auto tariffs
President Trump's tariff hike on imported vehicles is poised to shake up the American auto industry and bludgeon car buyers. Why it matters: Every new vehicle sold in the U.S. will be affected. Almost half of vehicles sold in the U.S. are assembled elsewhere — and there are no models sold here that are built purely with U.S.-made parts. Every car has at least 20% foreign-made components, according to the Department of Transportation. Catch up quick: Trump on Wednesday announced 25% tariffs on autos and auto parts, arguing it'll create an incentive for car companies to produce vehicles in the U.S. Critics say consumers will pay the price as automakers pass along the extra costs. Here's a breakdown of who's poised to win and lose if and when the tariffs take effect: Winners: Auto parts retailers: Autozone and O'Reilly Automotive were among the S&P 500's biggest gainers Thursday as investors bet that car owners will opt to repair their vehicles more often instead of buying new ones. Dealerships: Dealers make most of their money on repairs. Plus, higher vehicle prices will be absorbed by automakers, not dealers. Efforts to entice foreign automakers to build here: Volvo and Volkswagen are among the automakers weighing plans to build more vehicles in the U.S. to avoid the tariffs. Losers: New-car buyers: Automakers are likely to raise prices by an average of $3,000 to $4,000 per new vehicle, Evercore ISI analyst Chris McNally estimates. But some vehicles could face significantly higher price tags: Imports from Japan, South Korea and Europe are headed for price increases of an estimated $9,375, he projected. U.S. vehicle exporters: Automakers that assemble vehicles in the U.S. for shipment to other countries will be impacted by retaliatory tariffs. Ford, General Motors, Toyota, BMW, Honda, Mercedes and Tesla are among the companies that export U.S.-built vehicles to other countries. Suppliers: Automakers will likely pressure their biggest suppliers to absorb some of the costs — and those suppliers will likely pressure their suppliers in a cascading effect that will probably hurt the smallest companies the hardest. The auto industry: As suppliers buckle, carmakers could be forced to suspend production for missing parts. Meanwhile, higher costs from tariffs could mean less money for R&D, causing automakers to fall behind faster-moving Chinese competitors.
Yahoo
18-03-2025
- Automotive
- Yahoo
Autozone, Inc. (AZO): Among Stocks to Buy That May Be Splitting Soon
We recently published a list of the 12 Stocks to Buy That May Be Splitting Soon. In this article, we are going to take a look at where Autozone, Inc. (NYSE:AZO) stands against other stocks that may be splitting soon. Stock splits change the number of outstanding shares of a company, but not the company's overall value. A forward split makes each share cheaper and easier to buy. Splits can range from 2-for-1 to 100-for-1 or more. In a 2-for-1 split, one share becomes two by cutting the price in half. For instance, a $100 share becomes two $50 shares. This makes shares more affordable and attracts more investors. Even though the price per share drops, the total value held by shareholders stays the same. So, splits don't change who controls the company. The main reason for a split is to make the stock more appealing, or accessible for retail investors. Dan Suzuki, Deputy CIO at Bernstein Advisors, joined CNBC's 'Squawk on the Street' on March 14 to share his perspective on the recent persistent three-week downtrend in the indexes during an interview. He explained that the sell-off is largely driven by uncertainty and its negative impact on sentiment. According to Suzuki, analyzing market movements reveals that the stocks that rallied most after the election until mid-February have seen significant declines since then and create a mirror image effect. Additionally, the most expensive and high-beta stocks have been hit hardest as the market prices are in an uncertainty risk premium. These dynamics are central to what is driving markets currently. Despite this, Suzuki noted that hard economic data remains strong and suggests that relief from headline uncertainties could reduce the risk premium. Suzuki noted concerns over soft retail sales and spending figures, which might be due to weather or seasonal factors. However, he highlighted resilience in weekly retail sales and strong leading indicators. Prolonged uncertainty could still impact growth. Suzuki linked consumer trends to disappointing corporate guidance and persistently high inflation, which affected sentiment. He also pointed out the wealth effect caused by a stock market decline of 10% or more, particularly for investors in crowded names. Markets are adjusting to persistent uncertainty, which will continue even with relief anticipated within the next month or two, which will prevent a return to the high multiples seen in 2020-2023. In an uncertain market with heightened risk premiums, companies considering stock splits may need to weigh the potential benefits against the backdrop of overall market sentiment. The ongoing economic uncertainty and changes in consumer behavior might impact how companies approach decisions about stock splits, especially if they are concerned about maintaining investor confidence in a volatile market. We sifted through ETFs, online rankings, and internet lists to compile a list of the top stocks that were trading over $400 as of March 17. We then selected the 20 stocks with high surges in their share prices in the past 5 years and a history of stock splits. From that, we picked the top 12 stocks that were the most popular among elite hedge funds and that analysts were bullish on. The stocks are ranked in ascending order of the number of hedge funds that have stakes in them, as of Q4 2024. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here). A technician in a mechanic's uniform replacing an A/C compressor, signifying the company's automotive replacement parts business. Share Price as of March 17: $3,554.91 Surge in Share Price in 5 Years: 388.22% Stock Split Confirmed: No Number of Hedge Fund Holders: 56 Autozone, Inc. (NYSE:AZO) retails and distributes automotive replacement parts and accessories across the US, Mexico, and Brazil. It offers a range of products for vehicles, from essential maintenance items to hard parts and accessories. It caters to both DIY customers and professional mechanics through various sales channels. These include online platforms and commercial programs. The company's Domestic Commercial business had its sales up 7.3% year-over-year in FQ2 2025. This segment now represents 31% of domestic auto parts sales and 27% of total company sales. Each of the company's commercial sales programs brought in an average of $14,700 in sales every week, which is a 4.3% improvement. To fuel this growth, Autozone, Inc. (NYSE:AZO) is expanding its Mega-Hub network. The company ended FQ2 with 111 Mega-Hubs and plans to add at least 19 more in the next two quarters. The company's Mega-Hub network consists of large stores carrying over 100,000 SKUs which are designed to boost commercial sales and serve as expanded assortment sources for other stores. The company is focused on increasing its market share by attracting new commercial customers and selling more to existing ones. The company's leadership in the growing automotive parts market, strong customer service, and disciplined capital allocation position it for continued success. Brown Advisors Global Leaders Strategy stated the following regarding AutoZone, Inc. (NYSE:AZO) in its Q4 2024 investor letter: 'AutoZone, Inc. (NYSE:AZO) is the leading replacement automotive parts retailer and distributor in the US, servicing both the Do-it-Yourself (DIY) and Do-it-for-Me (DIFM) segments of the used car market, a market that is structurally growing as the fleet expands, with a high degree of visibility into future demand of the 6+ year used car cohort, which is AutoZone's core target market. AutoZone is expanding into the faster growing DIFM market, as well as into Brazil and Mexico. The company's superior customer outcome is immediate parts availability and the meaningful de-risking of the balance sheets of smaller garages which do not need to hold inventory themselves. It offers a differentiated service for customers based on local availability of parts ('in stock, in market'), quick turnaround speed and advice (including free specialty tool loans so DIY customers can complete necessary maintenance at lower cost but generating enduring loyalty). All this has historically proven difficult to replicate in an e-commerce setting. While there are a small number of large companies operating in this growing market, further consolidation of smaller competitors is expected as leading retailers' scale (depth and breadth of inventory) and network effects (proximity to customers in immediate need of repair) constitute strong moats. One of the impressive characteristics of the company's capital allocation is that it has delivered exceptional capital discipline and deployed its cash flow into share buybacks which has reduced the company's share count by about 85% since 2000.' Overall, AZO ranks 10th on our list of the stocks that may be splitting soon. While we acknowledge the growth potential of AZO as an investment, our conviction lies in the belief that AI stocks hold great promise for delivering high returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than AZO but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
