AutoZone Profit Rises
September 24 2019 - 07:35AM
Dow Jones News
By Patrick Thomas
AutoZone Inc. (AZO) said its profit rose for its fourth quarter
as sales increased about 12% from a year earlier.
The Memphis, Tenn.-based distributor of automotive replacement
parts and accessories reported a profit of $565.2 million, or
$22.59 a share, compared with $400.3 million, or $15.02 a share, a
year ago.
Excluding one-time costs, the company reported adjusted earnings
of $20.95 a share. Analysts polled by FactSet were expecting
earnings of $21.80 a share, or $21.77 a share on an adjusted
basis.
Revenue rose to $3.99 billion from $3.56 billion a year earlier.
Analysts had expected $3.93 billion of revenue in the quarter.
Sales at stores open at least one year, increased 3.0% for the
quarter. Analysts had expected same-store sales to grow 2.6%.
Write to Patrick Thomas at patrick.thomas@wsj.com
(END) Dow Jones Newswires
September 24, 2019 07:20 ET (11:20 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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