AutoZone, Inc. (AZO) Tops Q2 EPS Views; Comps Up 5.9%

February 28, 2012 7:05 AM EST
AutoZone, Inc. (NYSE: AZO) reported Q2 EPS of $4.15, $0.11 better than the analyst estimate of $4.04. Revenue for the quarter rose 8.6% to $1.8 billion versus the consensus estimate of $1.78 billion.

Domestic same store sales, or sales for stores open at least one year, increased 5.9% for the quarter.

For the quarter, gross profit, as a percentage of sales, was 51.3% (versus 50.9% for last year's quarter).

AutoZone repurchased 501 thousand shares of its common stock for $173 million during the second quarter, at an average price of $345 per share. At quarter end, the Company had $486 million remaining under its current share repurchase authorization.

During the quarter ended February 11, 2012, AutoZone opened 29 new stores in the U.S. and opened 6 new stores in Mexico.

For earnings history and earnings-related data on AutoZone, Inc. (AZO) click here.

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