AutoZone, Inc. (NYSE: AZO) reported fourth quarter 2023 earnings results today.
Net sales were $5.7 billion, up 6.4% from the same period a year ago. Same-store sales increased 4.5%.
Net income was $864.8 million, or $46.46 per share, compared to $810 million, or $40.51 per share, last year.
Both revenue and earnings beat expectations.
During the quarter, AutoZone opened 53 new stores and closed one in the US.
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The stock was down over 2% in premarket hours on Tuesday.
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