Reported 1 day ago
AutoZone, a leading automotive parts retailer, fell short of expectations for first-quarter profit and revenue, primarily due to rising raw material costs and a strong dollar. Despite a 2% increase in quarterly net sales to approximately $4.28 billion, this figure was slightly below analyst predictions. The company reported a net income of $564.9 million, or $32.52 per share, also missing analyst estimates.
Source: YAHOO