AutoZone: Fiscal Q4 Earnings Snapshot
By AP News
Published - Sep 24, 2024, 07:12 AM ET
Last Updated - Dec 16, 2024, 06:59 PM EST
MEMPHIS, Tenn. (AP) — MEMPHIS, Tenn. (AP) — AutoZone Inc. (AZO) on Tuesday reported fiscal fourth-quarter net income of $902.2 million.
On a per-share basis, the Memphis, Tennessee-based company said it had profit of $51.58. Earnings, adjusted for non-recurring gains, came to $48.11 per share.
The results fell short of Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $53.31 per share.
The auto parts retailer posted revenue of $6.21 billion in the period, beating Street forecasts. Eight analysts surveyed by Zacks expected $6.18 billion.
