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)
06/15/201616:29:37Quarterly Report (10-q)
06/13/201616:56:27Statement of Changes in Beneficial Ownership (4)
06/02/201610:20:00UCI International Files for Bankruptcy Protection
05/24/201608:17:00AutoZone Earnings Rise but Fall Short of Estimates
05/24/201607:16:13Current Report Filing (8-k)
05/24/201606:59:00AutoZone 3rd Quarter Same Store Sales increase 2.0%; EPS Increases...
05/19/201608:00:00Advance Auto Parts Profit Falls on Weak Revenue
05/11/201614:28:11ALLDATA Celebrates 30 Years of Innovation, Industry Leadership...
04/28/201616:10:00AutoZone to Attend Upcoming International Council of Shopping...
04/21/201617:23:21Current Report Filing (8-k)
04/20/201616:28:20Statement of Changes in Beneficial Ownership (4)
04/20/201616:10:00AutoZone to Release Third Quarter Earnings May 24, 2016
04/20/201610:50:02Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
04/18/201617:18:56Free Writing Prospectus - Filing Under Securities Act Rules 163/433...
04/18/201608:52:40Prospectus Filed Pursuant to Rule 424(b)(5) (424b5)
04/14/201616:22:21Statement of Changes in Beneficial Ownership (4)
04/04/201610:10:00Advance Auto Parts Names Pepsi Executive CEO
04/01/201616:31:12Statement of Changes in Beneficial Ownership (4)
04/01/201616:31:12Statement of Changes in Beneficial Ownership (4)
04/01/201616:31:11Statement of Changes in Beneficial Ownership (4)

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 1999-2015 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations