AutoZone (AZO) Tops Q1 EPS by $1.26

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AutoZone 1st Quarter Same Store Sales Increase 2.7%; EPS Increases 34.7% to $13.47

December 4, 2018 6:59 AM EST

MEMPHIS, Tenn., Dec. 04, 2018 (GLOBE NEWSWIRE) -- AutoZone, Inc. (NYSE: AZO) today reported net sales of $2.6 billion for its first quarter (12 weeks) ended November 17, 2018, an increase of 2.0% from the first quarter of fiscal 2018 (12 weeks). Domestic same store sales, or sales for stores open at least one year, increased 2.7% for the quarter. 

Net income for the quarter increased 25.1% over the same period last year to $351.4 million, while diluted earnings per share increased 34.7% to $13.47 per share from $10.00 per share in the year-ago quarter. Net income and diluted earnings per share benefitted from a lower effective... More