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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 0 0 9,204
MORTGAGES 0 0 12,365
FORECLOSURE NOTICES 19 19 2,545
BUILDING PERMITS 73 73 20,874
BANKRUPTCIES 5 5 7,969
BUSINESS LICENSES 0 0 3,315
UTILITY CONNECTIONS 0 0 11,718
MARRIAGE LICENSES 0 0 2,815

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