AutoZone's third quarter sales increase by 3.5%, with net income of $651.7 million

From GlobeNewswire: 2024-05-21 06:55:00

AutoZone, Inc. reported net sales of $4.2 billion for its third quarter, representing a 3.5% increase from the previous year. Operating profit increased 4.9% to $900.2 million, with net income totaling $651.7 million. Diluted earnings per share increased by 7.5% to $36.69. The company repurchased 242 thousand shares of common stock during the quarter.

AutoZone opened 45 net new stores during the quarter, bringing the total store count to 7,236. The company is a leading retailer and distributor of automotive replacement parts and accessories in the Americas. AutoZone will host a conference call to discuss its third quarter results and provide further insight into its performance and future plans.

For the year-to-date third quarter, AutoZone reported net sales of $12.3 billion, a 4.4% increase from the previous year. Operating profit totaled $2.5 billion, with net income reaching $1.76 billion. Earnings per share for the year-to-date period were $98.11 on a diluted basis. The company remains focused on delivering strong operating earnings and cash flow.



Read more at GlobeNewswire:: AutoZone 3rd Quarter Total Company Same Store Sales