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The largest US retailer of aftermarket automotive parts, AutoZone (NYSE: AZO), released its latest earnings report for its fiscal first quarter that ended on November 18, 2023, before the US market opened on Tuesday.
“I want to thank all AutoZoners across the company for their efforts during our first fiscal quarter. The commitment to superior service resulted in our ability to deliver strong financial results. Our domestic sales results were solid despite tough comparisons from a year ago, while our international business continues to deliver exceptionally strong sales growth. We remain committed to driving sales and earnings growth throughout fiscal 2024, while returning cash to our shareholders,” William C. Rhodes, CEO of the company said in a letter to investors.
Shares of AutoZone were little changed at the end of Tuesday’s session, ending the day up by 0.26% at $2,671.12 a share.
AutoZone stock price targets
AutoZone Inc. is the 362nd largest company in the world with a market cap of $47.10 billion.
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Sources: AutoZone Inc., TradingView, MarketWatch, MarketBeat, Benzinga, CompaniesMarketCap
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