AutoZone Aktie News

AutoZone, Inc. (NYSE:AZO ) Q3 2024 Results Conference Call May 21, 2024 10:00 AM ET Company Participants Phil Daniele - CEO Jamere Jackson - CFO Brian Campbell - VP, IR Conference Call Participants Bret Jordan - Jefferies Christian Carlino - JPMorgan Simeon Gutman - Morgan Stanley Greg Melich - Evercore ISI Scot Ciccarelli - Truist Kate McShane - Goldman Sachs Seth Sigman - Barclays Brian Nagel...

AutoZone NYSE: AZO share prices are declining because the Q3 results weren't strong enough. The company says the timing of tax payments and cold weather impacted the results, which are one-off, non-recurring factors that have little to do with the outlook.

AutoZone posted adjusted earnings of $36.69 a share on sales of $4.24 billion.

AutoZone beat estimates for third-quarter profit on Tuesday, driven by strong demand for automotive parts as more Americans held on to their ageing cars amid higher prices and wait times for newer models.

MEMPHIS, Tenn., May 21, 2024 (GLOBE NEWSWIRE) -- AutoZone, Inc. (NYSE: AZO) today reported net sales of $4.2 billion for its third quarter (12 weeks) ended May 4, 2024, an increase of 3.5% from the third quarter of fiscal 2023 (12 weeks). Same store sales, or sales for our domestic and international stores open at least one year, are as follows:

Auto parts stocks often fly under the radar, getting little to no investor attention compared to their larger industry peers. While it's the big-name car manufacturers that consistently grab headlines and investor focus, auto parts stocks have historically outperformed.

Blowout results for Nvidia Corp., the S&P 500 index's biggest profit driver, have become part of the ritual when the chip maker reports quarterly results.

For income investors, closed-end funds remain an attractive investment class that covers various asset classes and promises high distributions and reasonable total returns. Closed-end funds, or CEFs, are generally characterized by higher volatility and deeper draw-downs than the broader market. For these reasons, they are not suited for everyone. In this monthly series, we highlight five CEFs w...