AutoZone (AZO) Tops Q2 EPS by $1.53

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AutoZone 2nd Quarter Same Store Sales Increase 2.6%; EPS Increases 10.7% to $11.49

February 26, 2019 6:59 AM EST

MEMPHIS, Tenn., Feb. 26, 2019 (GLOBE NEWSWIRE) -- AutoZone, Inc. (NYSE: AZO) today reported net sales of $2.5 billion for its second quarter (12 weeks) ended February 9, 2019, an increase of 1.6% from the second quarter of fiscal 2018 (12 weeks).  Domestic same store sales, or sales for stores open at least one year, increased 2.6% for the quarter.

Net income for the quarter increased 1.8% over the same period last year to $294.6 million, while diluted earnings per share increased 10.7% to $11.49 per share from $10.38 per share in the year-ago quarter.  Net income and diluted earnings per share benefited from Tax Reform... More