Market Overview

UPDATE: AutoZone FQ1 Profit Increases 7.2%

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AutoZone (NYSE: AZO) reported a 7.2% rise in its fiscal first-quarter earnings.

AutoZone's quarterly profit surged to $218.1 million, or $6.29 per share, from a year-ago profit of $203.5 million, or $5.41 per share.

Its revenue rose 5.1% to $2.09 billion. However, analysts were projecting earnings of $6.28 per share on revenue of $2.1 billion.

AutoZone's gross margin widened to 51.9% from 51.8%, while domestic same-store sales increased 0.9%.

AutoZone shares closed at $457.34 yesterday.

Posted-In: profitEarnings News

 

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