AutoZone (AZO) Tops Q4 EPS by 6c

AutoZone (NYSE: AZO) reported Q4 EPS of $12.75, $0.06 better than the analyst estimate of $12.69. Revenue for the quarter came in at $3.3 billion versus the consensus estimate of $3.25 billion.

Domestic same store sales, or sales for stores open at least one year, increased 4.5% for the quarter.

"I would like to thank our entire organization for the strong performance delivered this past fiscal year. We are pleased to report our thirty-sixth consecutive quarter of double digit earnings per share growth. Since our inception, we've been committed to providing exceptional customer service and trustworthy advice; our key point of differentiation. This commitment to our customers leads us to deliver exceptional financial performance. For the year, we reached many milestones which included generating over $10 billion in sales and completing the IMC acquisition. Our testing of our inventory availability initiatives, including expanding our multi-deliveries per week to stores and opening mega hub locations has concluded. We have determined that these tests were successful and we will begin implementing our new supply chain strategy now and complete it in a few years. Additionally, as we have routinely stated, we will remain committed to our disciplined approach to growing operating earnings and utilizing our capital effectively," said Bill Rhodes, Chairman, President and Chief Executive Officer.

For earnings history and earnings-related data on AutoZone (AZO) click here.

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