AutoZone, Inc. (AZO) Tops Q3 EPS by 4c
AutoZone, Inc. (NYSE: AZO) reported Q3 EPS of $7.27, $0.04 better than the analyst estimate of $7.23. Revenue for the quarter came in at $2.22 billion versus the consensus estimate of $2.22 billion.
Domestic same store sales, or sales for stores open at least one year, decreased 0.1% for the quarteR.
"We are pleased to report our twenty-seventh consecutive quarter of double digit earnings per share growth. Our organization executed our game plan and delivered another quarter of solid performance. While sales results for the quarter finished below our expectations, we were pleased to see noticeable improvements in our performance during the final four weeks of the quarter, specifically in our more recently challenged Northeastern and Midwestern markets," said Bill Rhodes, Chairman, President and Chief Executive Officer. "I would like to again thank and congratulate our entire team of 70,000+ AutoZoners for their efforts to deliver strong earnings per share and return on invested capital results in the third quarter. We believe our ongoing efforts to improve our inventory assortment and accelerate its deployment will have meaningful impacts on results for upcoming quarters. We remain committed to our disciplined approach of growing operating earnings while efficiently utilizing our capital."
For earnings history and earnings-related data on AutoZone, Inc. (AZO) click here.
Domestic same store sales, or sales for stores open at least one year, decreased 0.1% for the quarteR.
"We are pleased to report our twenty-seventh consecutive quarter of double digit earnings per share growth. Our organization executed our game plan and delivered another quarter of solid performance. While sales results for the quarter finished below our expectations, we were pleased to see noticeable improvements in our performance during the final four weeks of the quarter, specifically in our more recently challenged Northeastern and Midwestern markets," said Bill Rhodes, Chairman, President and Chief Executive Officer. "I would like to again thank and congratulate our entire team of 70,000+ AutoZoners for their efforts to deliver strong earnings per share and return on invested capital results in the third quarter. We believe our ongoing efforts to improve our inventory assortment and accelerate its deployment will have meaningful impacts on results for upcoming quarters. We remain committed to our disciplined approach of growing operating earnings while efficiently utilizing our capital."
For earnings history and earnings-related data on AutoZone, Inc. (AZO) click here.