AutoZone slips on lower quarterly profit

Autozone

03/03/2026 13:07

** Shares of auto parts retailer AutoZone AZO.N fall nearly 7% to $3,620 premarket

** AutoZone's quarterly net income falls to $469 million, from $488 million a year-ago

** Q2 profit declinedas inflationary headwinds squeezed the auto-parts retailer's margins

** On per share basis, it earned $27.63. Analysts had expected $27.13- data compiled by LSEG

** Quarterly net sales rise 8.1% to $4.27 billion vs analysts' estimate of $4.31 billion

** "While our international sales, in constant currency, were slightly below our expectations, we believe our market share continues to grow as we outpace our competition in both Mexico and Brazil" says CEO Phil Daniele

** As of last close, stock had risen 14.5% YTD

 (Reporting by Apratim Sarkar in Bengaluru)

 ((Apratim.Sarkar@thomsonreuters.com))