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Cars Blog

AutoZone reports 2Q profit rose 8.6 percent

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March 3, 2009 11:40 am
By Peter C. T. Elsworth

MEMPHIS, Tenn. -- AutoZone Inc. reported a second-quarter profit increase of 8.6 percent Tuesday, as car owners and mechanics increased spending on automotive parts and supplies for used vehicles, according to The Associated Press.

Memphis, Tenn.-based AutoZone earned $115.9 million, or $2.03 per share, compared with $106.7 million, or $1.67 per share, in the same quarter a year ago.

Sales rose 8.1 percent to $1.45 billion, while domestic same-store sales - or sales for stores open at least one year - jumped 6 percent.

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