Tuesday, December 4, 2018

AutoZone comes out of the gate fast as earnings surge

Chain Store Age
AutoZone topped Wall Street’s first-quarter earning estimates amid an acceleration of its commercial growth and a solid performance from its DIY business.

Net income surged 25.1% to $351.4 million. Sales increased to $2.64 billion fro $2.59 billion, in line with estimates. Same-store sales rose a better-than-expected 2.7%.. . . more