AutoZone earnings climb as new mega-hub stores beat sales expectations
AutoZone Inc. officials said they’re optimistic about closing the fiscal year strongly. (LM Otero/AP Photo file)
AutoZone Inc. officials said Tuesday, May 26, they’re optimistic about closing the fiscal year strongly, citing new mega-hub stores and growth in commercial business.
Meanwhile, during its earnings call, the Memphis-based auto parts retailer reported third quarter net income of $641.5 million, or $38.07 a share, compared with $608.4 million, or $35.36 a share, the year prior.
This is an excerpt of this story. To read more, please click here and subscribe.
Topics
AutoZone Phil Daniele Jamere Jackson Subscriber OnlyThank you for reading The Daily Memphian. Your support is critical.
Did you know we are a 501(c)3 nonprofit news organization? We rely on a mix of revenue from subscriptions (50%), advertising, events and other earned income (25%) and fundraising (25%).
Please consider making a fully tax-deductible donation or other contribution to The Daily Memphian today.
👉🏽 Your subscription pays for you to read all our journalism.
👉🏽 Your donation powers the work we do to reach everyone else with the news.
We believe an informed Memphis is a better Memphis. If you agree, join our growing list of donors now.
Steve Bohnel
Steve Bohnel is a Temple University graduate, originally from Bucks County, Pennsylvania. He’s worked at news organizations in Iowa, Maryland and Pittsburgh, covering local and state politics. He covers health care, transportation and logistics, public companies, banking and finance and technology. He is an avid traveler, an Everton F.C. and Philadelphia sports fan, and likes collecting records and biking around town.
Comments
Want to comment on our stories? If you’re a subscriber, scroll down to the comments. If you’re not a subscriber, only paid subscribers can add their thoughts, so subscribe now. Our commenting policy can be viewed here.