AutoZone 1st Quarter Same Store Sales Increase 2.3%; EPS Increases 6.8% to $10.00

[Auto News]

MEMPHIS, Tenn., Dec. 05, 2017 (GLOBE NEWSWIRE) -- AutoZone, Inc. (NYSE:AZO) today reported net sales of $2.6 billion for its first quarter (12 weeks) ended November 18, 2017, an increase of 4.9% from the first quarter of fiscal 2017 (12 weeks).  Domestic same store sales, or sales for stores open at least one year, increased 2.3% for the quarter. Net income for the quarter increased 1.0% over the same period last year to $281.0 million, while diluted earnings per share increased 6.8% to $10.00 per share from $9.36 per share in the year-ago quarter.  For the quarter, gross profit, as a percentage of sales, was 52.8% (versus 52.7% for the same period last year).  Gross margin was effectiv...

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[Teddy]

Wow, that's pretty good considering how the last years has been for Autozone, Advance, and O'Reilly, They should get a stock boost from this today and the rest of the players in this segment.