Genuine Parts Cuts Profit Forecast, Denies Takeover Rumors as Rivals Rise
Genuine Parts lowered its 2026 profit outlook amid weaker consumer demand. CEO Will Stengel denied rumors of a rival acquiring its automotive business.
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Genuine Parts lowered its 2026 profit outlook amid weaker consumer demand. CEO Will Stengel denied rumors of a rival acquiring its automotive business.
AutoZone profit beat estimates but sales missed; cool weather slowed demand and shares fell about 10%.