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| Midas stock fell nearly 4% Friday. After the close Thursday, management warned that the company continues to experience softness in 2Q retail sales “as a result of high gas prices, similar to results experienced by certain other automotive aftermarket retailers.” The release suggests May same-store sales were down ~3% year-over-year at the company’s franchisees. Management believes the higher gas prices are causing customers to delay “big ticket” maintenance and repair, but that repairs such as brakes and tires cannot be deferred forever, so they expect to see a rebound in sales this summer. However, the company backed their 2Q earnings guidance saying: “Because Midas is
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