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37th straight quarter of EPS growth for AutoZone
AutoZone says inventory efficiency improvements allowed the retailer to increase sales and profit in the first quarter.
For the period ended Nov. 21, net sales were $2.4 billion, an increase of 5.6% from the prior year quarter. Same-store sales increased 3.5% for the quarter. Net income for the quarter increased 8.3% over the same period last year to $258.1 million, while diluted earnings per share increased 14% to $8.29 per share from $7.27 per share in the year-ago quarter.

