UPDATE: AutoZone FQ4 Net Profit Surges 15%
AutoZone (NYSE: AZO) reported a 15% rise in its fiscal fourth-quarter earnings.
AutoZone's quarterly profit surged to $371.2 million, or $10.42 per share, from $323.7 million, or $8.46 per share, in the year-ago period. Its adjusted earnings came in at $9.76 per share.
Its net sales climbed 12% to $3.1 billion, while sales at stores open at least one year jumped 1%. However, analysts were expecting earnings of $10.34 per share on sales of $3.09 billion.
AutoZone's total auto-parts sales climbed 10% to $2.99 billion. However, its domestic commercial sales jumped 17% to $506.8 million.
AutoZone shares gained 0.41% to $416.00 in pre-market trading.
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