Originally published at www.seclive.com
AutoZone, Inc. (NYSE:AZO) announced its financial results for the third fiscal quarter of 20143, posting a rise in both revenue and earnings from the year-ago quarter. The auto parts retailer reported net sales of $2.3B, up 6.2% from a year ago. Earnings improved from the $265.6M and $7.27 per share last year to $285.2M and $8.46 per share. The number of U.S. stores improved by nearly an additional 150 net stores from last year, bringing square footage up to 31.9 million square feet from 30.9 million square feet in the year-ago quarter. Chairman, President, and CEO Bill Rhodes commented that the company is very pleased with its results and is committed to continuing its operating earnings growth and the effective employment of its capital.
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