Autozone Upbeat Despite Missing Profit Mark -- Sales in 4th Quarter Fail Expectations, but Changes and Online Initiative Are Promising
The Commercial Appeal (2007-Current) › September 20, 2007
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Summary
AutoZone Inc. fourth-quarter earnings and same-store sales didn't measure up to analyst expectations.
The Memphis-based auto parts retailer earned $217.2 million, or $3.23 a share, in the 16 weeks ended Aug. 25. Profits were $213.5 million, or $2.92 a share a year ago.See the full content of this document
Extract
Autozone Upbeat Despite Missing Profit Mark -- Sales in 4th Quarter Fail Expectations, but Changes and Online Initiative Are Promising
That was about 2 cents a share less than the Wall Street consensus for the quarter.
The company's ongoing share buyb...See the full content of this document
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