The automotive parts retailer reported net sales of $3.86 billion for the second quarter, an increase of 5% from the same period of fiscal 2023. Total company same-store sales, or sales at domestic and international stores open at least one year, moved up 1.5%.
Net income came in at $515.03 million or $28.89 per share in Q2, compared to $476.5 million or $24.64 per share in the corresponding period of last year.
“We remain committed to prudently investing capital in our business, and we will be steadfast in our long-term, disciplined approach to increasing operating earnings and cash flows while utilizing our balance sheet effectively,” said Phil Daniele, CEO of AutoZone.
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