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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 98 376 10,434
MORTGAGES 124 449 13,881
FORECLOSURE NOTICES 14 56 2,766
BUILDING PERMITS 196 798 23,420
BANKRUPTCIES 68 264 8,803
BUSINESS LICENSES 24 77 3,613
UTILITY CONNECTIONS 251 637 13,380
MARRIAGE LICENSES 21 93 3,117

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