AutoZone Q1 Profit Tops Consensus - Quick Facts

(RTTNews) - Auto-parts retailer AutoZone Inc. (AZO) posted a rise in first-quarter GAAP net income to $218.1 million, or $6.29 per share, from $203.45 million, or $5.41 per share, in the prior-year quarter. On average, 20 analysts polled by Thomson Reuters expected earnings per share of $6.28 for the quarter. Analysts' estimates typically exclude one-time items.

For the quarter, net sales of $2.09 billion was 5.1% higher than the prior-year figure of $1.99 billion, and quarterly domestic same-store sales went up by 0.9%. Fifteen analysts estimated revenues of $2.10 billion for the quarter.

During the recent quarter, AutoZone opened seven new stores in the U.S., one new store in Mexico, and a store in Brazil.