Morgan Stanley Remains Sidelined on AutoZone (AZO) Following 3Q Miss
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AutoZone 3rd Quarter Same Store Sales increase 2.0%; EPS Increases 12.6% to $10.77
May 24, 2016 6:59 AM EDTMEMPHIS, Tenn., May 24, 2016 (GLOBE NEWSWIRE) -- AutoZone, Inc. (NYSE: AZO) today reported net sales of $2.6 billion for its third quarter (12 weeks) ended May 7, 2016, an increase of 4.0% from the third quarter of fiscal 2015 (12 weeks). Â Domestic same store sales, or sales for stores open at least one year, increased 2.0% for the quarter.
Net income for the quarter increased 6.0% over the same period last year to $327.5 million, while diluted earnings per share increased 12.6% to $10.77 per share from $9.57 per share in the year-ago quarter.Â
For the quarter, gross profit, as a percentage of sales, was 52.8% (versus... More
