By Emon Reiser
AutoZone reported higher sales during its second quarter, driven by growth in its international market.
The Memphis, Tenn. aftermarket car-parts retailer posted a profit of $487.9 million, or $28.29 a share for the quarter ended Feb. 15, down from $515 million, or $28.89 a share in the same period last year. Analysts polled by FactSet had expected $29.05 a share.
Sales rose to $3.95 billion, below analyst forecasts for $3.98 billion, according to FactSet. The company reported $3.86 billion in sales in the year-ago quarter.
Same-store sales, or sales from the company's domestic and international stores open at least one year, grew 0.5%. Growth came mostly from the company's international locations.
During the quarter, AutoZone opened 28 stores in the U.S., 13 stores in Mexico and four in Brazil. Its total store count was 7,432, with the majority of its footprint in the U.S.
Chief Executive Phil Daniele said the company's domestic DIY and commercial business continued to perform well, while its international business delivered strong results.
The company said its inventory increased 10% year over year.
Write to Emon Reiser at emon.reiser@wsj.com
(END) Dow Jones Newswires
March 04, 2025 07:15 ET (12:15 GMT)
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