AutoZone Q2 Results Beat Estimates - Quick Facts

(RTTNews) - Auto-parts retailer AutoZone Inc. (AZO) announced a rise in second-quarter GAAP net income to $192.83 million, or $5.63 per share, from $176.25 million, or $4.78 per share, in the year-ago quarter. On average, 20 analysts polled by Thomson Reuters expected earnings per share of $5.55 for the quarter. Analysts' estimates typically exclude one-time items.

The Memphis, Tennessee-based firm clocked GAAP net sales of $1.99 billion in the quarter, up 7.3%, versus the prior-year figure of $1.86 billion, and came in above consensus estimate of $1.97 billion. Domestic same-store sales, or sales for stores open at least one year, increased 4.3% for the quarter.

During the quarter ended February 15, 2014, AutoZone opened 28 new stores in the U.S., and four new stores in Mexico.