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VOL. 127 | NO. 40 | Tuesday, February 28, 2012

AutoZone Reports 12.7 Pct. Rise in Profit

By Andy Meek

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Memphis-based auto parts retailer AutoZone Inc. reported net income for its second quarter ended Feb. 11 of $166.9 million, a 12.7 percent gain over the same period last year.

Domestic same store sales – a key retail metric that measures growth at sales open at least one year and sets aside the growth coming from new store additions – increased 5.9 percent during the quarter. And diluted earnings increased 24.4 percent to $4.15 per share from $3.34 per share in the year-ago quarter.

It’s the 22nd consecutive quarter of double-digit growth for the company and the 13th straight quarter of more than 20 percent growth in earnings per share.

During the quarter, AutoZone opened 29 new stores in the U.S. and 6 new stores in Mexico. As of February 11, the company had 4,580 stores in 48 states, the District of Columbia and Puerto Rico in the U.S. and 287 stores in Mexico for a total store count of 4,867.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 98 400 5,162
MORTGAGES 129 530 7,170
FORECLOSURE NOTICES 24 117 1,592
BUILDING PERMITS 0 774 12,068
BANKRUPTCIES 65 309 4,834
BUSINESS LICENSES 27 142 2,125
UTILITY CONNECTIONS 65 373 6,624
MARRIAGE LICENSES 21 117 1,490

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