AutoZone reports Q2 revenue growth but falls short of estimates
The Memphis-based automotive-parts retailer has warned inflation was holding customers back, impacting its do-it-yourself market.
There are 12 article(s) tagged earnings:
The Memphis-based automotive-parts retailer has warned inflation was holding customers back, impacting its do-it-yourself market.
AutoZone President and CEO Phil Daniele said the Memphis-based company is positioned for growth heading into the remainder of FY 2025.
The Memphis-based automotive parts retailer beat analyst expectations on Tuesday, May 21, as more Americans hold onto their older cars.
The results showed the company’s “ability to successfully execute on our strategic priorities and navigate the economic headwinds during the year,” according to FHN president and CEO Bryan Jordan.
The Memphis-based automotive parts retailer reported a better-than-expected increase in net income for the quarter.
Germantown-based Mid-America Apartments reported strong profits in 2022, a national report shared.
Despite the solid earnings, the first quarter presented unique challenges for IP including the surge of the omicron variant and geopolitical consequences of continuing operations in Russia.
Mueller reported $956.4 million in fourth-quarter net sales and operating income of $172.1 million.
The package delivery company posted revenue of $22.57 billion in the period, exceeding Wall Street forecasts.
Memphis-based FedEx said it does not expect surging e-commerce business to weaken post-COVID-19. Earnings reported Tuesday beat Wall Street estimates.
FedEx reported earnings for the December-February quarter on Tuesday, March 17, amid widespread uncertainty about coronavirus impact on future.
FedEx believes it is on track to "easily" grow earnings per share 10%-15% by 2021, though the global economy is a major wild card in forecasting future results.
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