UPDATE: AutoZone Q1 Profit Rises 6.4%
AutoZone (NYSE: AZO) reported a 6.4% rise in its first-quarter profit.
AutoZone's quarterly profit surged to $203.5 million, or $5.41 per share, versus $191.1 million, or $4.68 per share, in the year-earlier period.
Its sales rose to $1.99 billion from $1.92 billion. However, analysts were expecting earnings of $5.41 per share on sales of $2.02 billion.
Its gross profit climbed to 51.8% from 51.1%.
AutoZone shares closed at $378.01 yesterday.
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