AutoZone Inc. shares dropped more than 4 percent Monday afternoon after reporting fourth-quarter revenue that missed Wall Street expectations.

The auto parts retailer posted revenue of $3.05 billion for its fiscal fourth quarter, falling short of Street forecasts. Analysts surveyed by Zacks Investment Research expected $3.06 billion.

Memphis-based AutoZone posted revenue of $3.05 billion for its fiscal fourth quarter, falling short of Street forecasts. 

(Daily News File/Lance Murphey)

The net sales number for the fiscal fourth-quarter, which ended Aug. 30, was an increase of 4.5 percent from the fourth quarter of fiscal 2013.

The Memphis-based company reported net income of $373.7 million, or $11.28 per share. That exceeded Wall Street expectations for earnings of $11.23 per share.

Including sales form the additional week in last year’s quarter, sales decreased 1.5 percent. Domestic same-store sales, or sales for stores open at least one year, increased 2.1 percent for the quarter.

For the fiscal year ended Aug. 30, sales were $9.5 billion, an increase of 5.6 percent from the previous year. Domestic same-store sales were up 2.8 percent for the year.

During the just-ended quarter, AutoZone opened 83 stores in the U.S., 28 in Mexico and one in Brazil. As of August, the company had 4,984 stores in 49 states, the District of Columbia and Puerto Rico in the U.S., 402 stores in Mexico, and five in Brazil for a total count of 5,391.

AutoZone shares have risen 10 percent since the beginning of the year through Friday, while the Standard & Poor's 500 index has risen roughly 9 percent. The stock has climbed 25 percent in the last 12 months.

Shares of AutoZone fell $21.06, or 4 percent, to close at $505.38 Monday.

The Associated Press contributed to this report.