AutoZone (AZO) Pulls Off a Surprise in Q3 Earnings, Sales Miss

AutoZone Inc. (AZO) reported earnings of $36.69 per share for third-quarter fiscal 2024 (ended May 4, 2024), up 7.5$35.72 per share. Net sales grew 3.5% year over year to $4,235.5 million. The top line marginally missed the Zacks Consensus Estimate of$4,292 million.In the reported quarter, domestic commercial sales totaled $1.14 billion, up from$1.11 billion recorded in the year-ago period. Domestic same-store sales (sales at stores open ...