AutoZone (AZO) Misses Q2 EPS by 45c, Beats on Revenues

Note: EPS may not be comparable

AutoZone (NYSE: AZO) reported Q2 EPS of $8.47, $0.45 worse than the analyst estimate of $8.92. Revenue for the quarter came in at $2.4 billion versus the consensus estimate of $2.39 billion.

• Net sales of $2.4 billion for its second quarter (12 weeks) ended February 10, 2018
• Net income for the quarter increased 22.1% over the same period last year to $289.5 million, while diluted earnings per share increased 28.5% to $10.38 per share from $8.08 per share in the year-ago quarter.
• Adjusted for impairment charges, Tax Reform, excess tax benefits from option exercises and operating results from IMC and AutoAnything, adjusted net income for the quarter increased 3.9% over the same period last year to $236.3 million, while adjusted diluted earnings per share increased 9.3% to $8.47 per share from $7.75 per share in the year-ago quarter.
• Adjusted operating profit, which excludes operating results from IMC and AutoAnything of ($5.2) million and the impairment charges, increased 3.8% to $403.5 million.

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

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