AutoZone Inc. AZO, +0.99% mentioned Thursday salary that rose to $ 426.eight million, or $ 14.30 a share, in its fiscal fourth quarter to Aug. 27, from $ 401.1 million, or $ 12.75 a share, in the same period a yr ago. The FactSet consensus for revenue per share used to be $ 14.25. income elevated to $ 3.forty billion from $ three.29 billion, missing the FactSet consensus of $ 3.42, as home related-store sales grew 1.0%. The FactSet similar-store sales consensus was once 2.0%. stock increased 6.1%, as seventy one new stores had been opened and product placement elevated. separately, the auto parts retailer increased its inventory repurchase software by means of $ 750 million. The stock, was indicated rather higher in premarket exchange, has tacked on 1.three% 12 months to date thru Wednesday, whereas the S&P 500 SPX, +1.09% has gained 5.8%.
AutoZone beats profit expectations and boosts buybacks, but sales fall shy