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VOL. 126 | NO. 237 | Tuesday, December 06, 2011

AutoZone Stays in Fast Lane With Q1 Profit

By Andy Meek

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AutoZone Inc. posted a fiscal first quarter profit of $191.1 million Tuesday, Dec. 6, up $19 million – or 11.1 percent – over the same period last year.

Earnings per share increased 24 percent to $4.68 from $3.77 during the year-ago quarter. That marks the Memphis-based auto parts retailer’s 12th straight quarter of at least 20 percent earnings per share growth and the 21st straight quarter of double-digit EPS growth.

Domestic same-store sales – sales at stores open at least one year – increased 4.6 percent for the quarter. Also during the quarter, AutoZone repurchased 954,000 shares of its common stock for $310 million, leaving $659 million remaining under its current share repurchase authorization.

The Daily News will have a more extensive report about the company’s quarterly performance later today and in the Wednesday, Dec. 7, print edition.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 65 366 17,721
MORTGAGES 70 417 23,068
FORECLOSURE NOTICES 15 91 4,519
BUILDING PERMITS 210 932 42,157
BANKRUPTCIES 62 299 16,691
BUSINESS LICENSES 19 80 5,781
UTILITY CONNECTIONS 49 305 25,174
MARRIAGE LICENSES 16 96 5,381

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