MW AutoZone's stock slips on fourth straight revenue miss
Shares of AutoZone Inc. $(AZO)$ were down 2.5% in premarket trades after the auto-parts retailer reported its fourth straight revenue miss in its fiscal second-quarter results.
Net income for the quarter ending Feb. 15, 2025, was $488 million, or $28.29 a share - down from $515 million, or $28.89 a share, in the prior year's quarter. Analysts surveyed by FactSet were looking for earnings of $29.05 a share.
Net sales rose to $3.952 billion from $3.859 billion, just below the FactSet consensus estimate of $3.982 billion, marking the company's fourth straight quarterly revenue miss.
AutoZone's same-store sales, or sales at stores open at least a year, grew 0.5%, or 2.9% on a constant currency basis. Analysts surveyed by FactSet were looking for same-store sales growth of 1.9%.
(This is a developing news story with updates to come.)
-James Rogers
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(END) Dow Jones Newswires
March 04, 2025 07:50 ET (12:50 GMT)
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