AutoZone (AZO) Tops Q2 EPS by 15c

AutoZone (NYSE: AZO) reported Q2 EPS of $7.43, $0.15 better than the analyst estimate of $7.28. Revenue for the quarter came in at $2.26 billion versus the consensus estimate of $2.26 billion.

Comps rose 3.6 percent, versus the consensus of up 2.8 percent.

The Company’s inventory increased 3.9% over the same period last year, driven primarily by new store openings over the last twelve months. Inventory per location was $633 thousand versus $631 thousand last year and $624 thousand last quarter. Net inventory, defined as merchandise inventories less accounts payable, on a per location basis was a negative $57 thousand versus negative $47 thousand last year and negative $66 thousand last quarter.

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

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