AutoZone 2Q comps up 0.2%

MEMPHIS, Tenn. AutoZone today reported net sales of $2 billion for its fourth quarter ended Aug. 25, an increase of 3.3% from fiscal fourth quarter 2006. Domestic same-store sales decreased 0.2% for the quarter.

The company reported net income for the quarter increased 1.7% over the same period last year to $217.2 million, while diluted earnings per share increased 10.6% to $3.23 per share from $2.92 per share in the year-ago quarter.

For the fiscal year ended Aug. 25, sales were $6.2 billion, an increase of 3.7% from the prior year, while domestic same-store sales were up 0.1%. For fiscal 2007, net income increased 4.6% to $596 million, while diluted earnings per share for the period increased 13.6% to $8.53 from $7.50.