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AutoZone 3rd Quarter Same Store Sales Decline 0.8%; EPS Increases 6.2% to $11.44

By Auto News,
May 23, 2017 in AutoZone Forum

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Auto News

Posted May 23, 2017

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Posted May 23, 2017

MEMPHIS, Tenn., May 23, 2017 (GLOBE NEWSWIRE) -- AutoZone, Inc. (NYSE:AZO) today reported net sales of $2.6 billion for its third quarter (12 weeks) ended May 6, 2017, an increase of 1.0% from the third quarter of fiscal 2016 (12 weeks). Domestic same store sales, or sales for stores open at least one year, declined 0.8% for the quarter. Net income for the quarter increased 1.3% over the same period last year to $331.7 million, while diluted earnings per share increased 6.2% to $11.44 per share from $10.77 per share in the year-ago quarter. As previously reported, the Company adopted a new accounting standard on August 28, 2016, related to stock option exercises. For the quarter, the a...

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