AutoZone posted earnings per share of $32.52, missing the $33.60 projected by analysts. Revenue for the quarter came in at $4.3 billion, in line with consensus estimates.
Domestic comparable sales rose by 0.3%, down from last year’s 1.2% growth and below the forecast of 0.74%. “I would like to thank all our AutoZoners across the globe for their efforts in helping us deliver solid first quarter results,” said Phil Daniele, President and CEO of AutoZone. Operating profit stood at $841.1 million in the first quarter, a 0.9% decline year-over-year and below the $848.3 million analyst projection.
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