One of the largest US retailers of aftermarket automotive parts and accessories posted third-quarter figures surpassing the consensus
EPS came in at $26.48 on revenues of $3.65 billion. Both figures topped last
year's numbers. Earnings were $14.39, while revenue-wise, it reported $2.78
billion. Commercial and do-it-yourself businesses drove the surges.
The Tennessee-based company's domestic same-store sales went
up 28.9%, while inventory rose 5.1%. The increases were due to the new stores
and better product range.
According to Bill Rhodes, chairman, president, and chief
executive, "We intend to accelerate our Company's historical Commercial
growth rate as we increase our penetration in this market."
At the moment of writing, AutoZone stock price is trading
0.11% higher, at $1,450 apiece. Since the beginning of the year, its stock
price went up 22%, USA500
Sources: finance.yahoo.com, marketwatch.com
This information prepared by ClickTrades.com is not an offer or a solicitation for the purpose of purchase or sale of any financial products referred to herein or to enter into any legal relations, nor an advice or a recommendation with respect to such financial products.
This information is prepared for general circulation. It does not have regard to the specific investment objectives, financial situation or the particular needs of any recipient.
You should independently evaluate each financial product and consider the suitability of such a financial product, by taking into account your specific investment objectives, financial situation or particular needs, and by consulting an independent financial adviser as needed, before dealing in any financial products mentioned in this document.
This information may not be published, circulated, reproduced or distributed in whole or in part to any other person without the Company’s prior written consent.
Past performance is not always indicative of likely or future performance. Any views or opinions presented are solely those of the author and do not necessarily represent those of ClickTrades.com.
Moderna secured its spot on the South Korean market
Challenging year for Marks & Spencer