Reported 1 day ago
AutoZone's first-quarter results fell short of analyst estimates, reporting a 2% increase in revenue to $4.28 billion, while net income decreased by about 5% to $564.9 million. Same-store sales growth also lagged expectations, with domestic sales up only 0.3%. CEO Phil Daniele remains optimistic about the company's growth prospects for fiscal 2025, particularly in the do-it-yourself market, despite challenges posed by inflation and currency exchange rates.
Source: YAHOO