AutoZone Modestly Beats on Q4 Sales, EPS
AutoZone accelerated slightly ahead of analyst projections for its most recent quarter. For Q4, the company posted net sales of just under $3.1 billion, up from the $2.8 billion in the same period the previous year. Net income came in at $371 million ($10.42 per diluted share), compared to Q4 2012's figure of $324 million ($8.46).
Analysts had expected revenue of $3.09 billion and EPS of $10.34.
For the entirety of fiscal 2013, top line was $9.1 billion, topping the previous year's tally of $8.6 billion. Net income was slightly more than $1 billion ($27.79 per diluted share) for the year against 2012's $930 million ($23.48).
Operationally speaking, at the end of Q4 AutoZone had 4,836 stores across the U.S. and Puerto Rico, 69 of which were opened during the quarter. It also boasted 362 outlets in Mexico and three in Brazil.
The article AutoZone Modestly Beats on Q4 Sales, EPS originally appeared on Fool.com.Fool contributor Eric Volkman has no position in AutoZone, and neither does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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