AutoZone, Inc. (AZO) Tops Q3 EPS by 2c; Comps Rose 4%

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Go back to AutoZone, Inc. (AZO) Tops Q3 EPS by 2c; Comps Rose 4%

AutoZone 3rd Quarter Same Store Sales Increase 4.0%; EPS Increases 16.4% to $8.46

May 27, 2014 7:00 AM EDT

MEMPHIS, Tenn., May 27, 2014 (GLOBE NEWSWIRE) -- AutoZone, Inc. (NYSE: AZO) today reported net sales of $2.3 billion for its third quarter (12 weeks) ended May 10, 2014, an increase of 6.2% from the third quarter of fiscal 2013 (12 weeks). Domestic same store sales, or sales for stores open at least one year, increased 4.0% for the quarter.

Net income for the quarter increased $19.6 million, or 7.4%, over the same period last year to $285.2 million, while diluted earnings per share increased 16.4% to $8.46 per share from $7.27 per share in the year-ago quarter.

For the quarter, gross profit, as a percentage of sales, was 52.0%... More