AutoZone reported its quarterly earnings that exceeded Street expectations.
The auto parts and accessories company’s earnings for the fourth quarter came in at $22.30 per share, well above the consensus estimate of $17.79.
Revenue rose +15.8% from the year-ago quarter to $3.37 billion, also beating analysts' expectations of $3.16 billion.
AutoZone has generated $102.82 earnings per share over the last year ($102.82 diluted earnings per share). The company’s shares have a price-to-earnings ratio of 18.4.