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UPDATE: AutoZone Q1 Profit Rises 6.4%

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AutoZone: A 'Rare Rate Hike Beneficiary'
Looking For A Defensive Stock Without Global Exposure? Check Out Autozone

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.

Posted-In: profitEarnings News

 

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