AutoZone, Inc. (AZO) Tops Q1 EPS by 2c; Domestic Comps Up 0.9%

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Go back to AutoZone, Inc. (AZO) Tops Q1 EPS by 2c; Domestic Comps Up 0.9%

AutoZone 1st Quarter Same Store Sales Increase 0.9%; EPS Increases 16.2% to $6.29

December 10, 2013 7:00 AM EST

MEMPHIS, Tenn., Dec. 10, 2013 (GLOBE NEWSWIRE) -- AutoZone, Inc. (NYSE: AZO) today reported net sales of $2.1 billion for its first quarter (12 weeks) ended November 23, 2013, an increase of 5.1% from the first quarter of fiscal 2013 (12 weeks). Domestic same store sales, or sales for stores open at least one year, increased 0.9% for the quarter.

Net income for the quarter increased $14.6 million, or 7.2%, over the same period last year to $218.1 million, while diluted earnings per share increased 16.2% to $6.29 per share from $5.41 per share in the year-ago quarter.

For the quarter, gross profit, as a percentage of sales, was 51.9%... More