Domestic same-store stores increased by 3% in Q4.
For the full year, sales were $11.9 billion, an increase of 5.7% from the prior year.
READ: How to safeguard your portfolio in a recession-driven bear market
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AZO stock was modestly up during pre-market trading hours on Tuesday. AutoZone is one of the better-performing stocks this year, rising over 38% in the year-to-date period. The S&P 500 index has increased just 19.7% during the same period.
However, the high valuation has led to a recent spike in short interest in the stock. At the end of August, the company had 16.7% more short interest than in July.
On the other hand, it may be noted that AutoZone is likely to outperform markets in the event of a recession, as people delay purchases of new cars and keep repairing the old ones.