AutoZone Q2 Results Top Estimates

(RTTNews) - Automotive replacement parts retailer AutoZone, Inc. (AZO) reported Tuesday that net income for the second quarter grew to $476.54 million or $24.64 per share from $471.76 million or $22.30 per share in the year-ago quarter.

Net sales for the quarter grew 9.5 percent to $3.69 billion from $3.37 billion in the same quarter last year.

On average, analysts polled by Thomson Reuters expected the company to report earnings of $21.91 per share on revenues of $3.56 billion for the quarter. Analysts' estimates typically exclude special items.

Domestic same store sales, or sales for stores open at least one year, increased 5.3 percent for the quarter.

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