ADVFN - Advanced Financial Network.
HOME» NYSE » A » AZO Stock Price » AZO Stock News

Autozone Share News

 Autozone, Inc. Stock Price
AZO Stock Price
 Autozone, Inc. Stock Chart
AZO Stock Chart
 Autozone, Inc. Stock News
AZO Stock News
 Autozone, Inc. Company Information
AZO Company Information
 Autozone, Inc. Stock Trades
AZO Stock Trades

AutoZone 3Q Profit Rises 12% On Sales, Margin Growth

DOW JONES NEWSWIRES AutoZone Inc.'s (AZO) fiscal third-quarter earnings rose 12% as the largest U.S. auto-parts retailer booked stronger sales and margins, helping results beat analysts' expectations. Analysts have been fretting that high gasoline prices are threatening AutoZone and other retailers as consumers drive less--which gives them fewer broken parts to replace--and trade in old cars for more fuel-efficient models. Earlier this month, smaller rival Advance Auto Parts Inc. (AAP) turned in disappointing fiscal first-quarter results in contrast to the previous few quarters when profits surged as consumers bought parts to extend the lives of older cars. For the quarter ended May 7, AutoZone reported a profit of $227.4 million, or $5.29 a share, up from $202.7 million, or $4.12 a share, a year earlier. Revenue increased 8.6% to $2 billion. Analysts polled by Thomson Reuters most recently forecast earnings of $4.98 on revenue of $1.92 billion. Gross margin rose to 51.2% from 50.7% on higher merchandise margin and lower losses from theft. Domestic same-store sales were up 5.3%. Inventory grew 8.9% amid an increase in store count. The company opened opened 43 new stores, closed one store, replaced one store in the U.S., bringing the total to 4,467. Shares of AutoZone--of which hedge-fund billionaire Edward Lampert is a major holder--closed Monday at $276.78 and were inactive premarket. The stock is up 50% in the past year. -By Tess Stynes, Dow Jones Newswires; 212-416-2481;

Stock News for Autozone (AZO)
11/24/201508:14:03Is Advance Auto Parts the Value Pick in Its Sector?
11/19/201517:15:00AutoAnything's Holiday "12 Days of Savings"
11/17/201517:15:00AutoZone to Hold Stockholders' Meeting December 16, 2015
11/17/201517:15:00AutoZone to Release First Quarter Earnings December 8, 2015
11/16/201518:15:00AutoZone Announces Organizational Changes
11/12/201509:00:00Advance Auto Says CEO to Retire, Adds Starboard CEO to Board
11/10/201508:54:57Amended Statement of Ownership (sc 13g/a)
11/10/201508:00:00ALLDATA to Provide a Customized Shop Management System for Long-Time...
11/02/201517:09:30Initial Statement of Beneficial Ownership (3)
11/02/201517:09:30Initial Statement of Beneficial Ownership (3)
11/02/201517:09:30Initial Statement of Beneficial Ownership (3)
11/02/201517:09:30Initial Statement of Beneficial Ownership (3)
11/02/201514:15:47See What’s New With ALLDATA at SEMA 2015
10/30/201516:49:48AutoZone Announces Organizational Changes
10/28/201517:42:17Statement of Changes in Beneficial Ownership (4)
10/28/201515:22:00Gabelli Automotive Aftermarket Symposium Keynote to Focus on...
10/27/201517:37:00Statement of Changes in Beneficial Ownership (4)
10/26/201517:26:54Annual Report (10-k)
10/26/201517:07:50Proxy Statement (definitive) (def 14a)
10/22/201511:26:00Gabelli Automotive Aftermarket Symposium Keynote to Focus on...

Autozone and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations