Reported 3 days ago
AutoZone reported its third-quarter results with earnings per share of $35.36, falling short of the $37.17 estimate, although sales increased to $4.46 billion. Same-store sales grew by 3.2% driven by domestic performance, yet gross margins decreased to 52.7% due to various cost pressures. Despite rising operating expenses, CEO Phil Daniele expressed optimism, highlighting strong international growth and the addition of new stores as the company prepares for the summer selling season.
Source: YAHOO