AutoZone (AZO) Misses Q2 EPS by 12c

AutoZone (NYSE: AZO) reported Q2 EPS of $8.08, $0.12 worse than the analyst estimate of $8.20. Revenue for the quarter came in at $2.3 billion versus the consensus estimate of $2.35 billion.

“I would like to thank all AutoZoners across the organization for their tremendous efforts during what ultimately turned out to be a challenging quarter. Our sales performance in the last three weeks of our quarter was significantly challenged by well-publicized timing delays in IRS tax refunds, which negatively impacted our profitability for the quarter. While this quarter’s results were below our expectations, our AutoZoners’ ongoing commitment to providing customers with Trustworthy Advice will allow us to continue to succeed for years to come. Our objective remains to continue to provide great service to our customers and deliver strong, consistent performance for our shareholders as we remain committed to our approach of increasing operating earnings and utilizing our capital effectively,” said Bill Rhodes, Chairman, President and Chief Executive Officer.

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

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