AutoZone falls after Q3 profit decline on currency headwinds

Autozone

27/05/2025 16:29

Updates

** Auto parts retailer AutoZone Inc's AZO.N extends loss, shares down 4% at $3,676

** Memphis, Tennessee-based firm's Q3 profit falls 6.6% a year ago, as softening demand and currency fluctuations weighed on margins

     ** Co's Q3 net income falls to $608.4 mln, or $35.36/share, compared with $651.7 mln, or $36.69/share, a year ago

** AZO's quarterly net sales rise 5.4% to about $4.5 bln, topping estimates of about $4.36 bln - data compiled by LSEG

** Twenty-four of 29 brokerages rate stock "buy" or higher, five "hold"; their median PT is $3,972.50 - data compiled by LSEG

** Including session's moves, shares up 14.9% YTD

(Reporting by Apratim Sarkar)

((Apratim.Sarkar@thomsonreuters.com))