AutoZone reported a 5.1% increase in net sales, reaching $4.2 billion. The company's EPS increased by 18.6% to $32.55, driven by a 10.0% rise in net income to $593.5 million. Gross profit margin improved to 52.8%, and operating profit increased by 17.4% to $848.6 million.
Net sales increased by 5.1% to $4.2 billion compared to the same quarter last year.
Earnings per share rose by 18.6% to $32.55.
Gross profit margin improved by 279 basis points to 52.8%.
The company opened 25 net new stores during the quarter.
AutoZone is committed to driving sales and earnings growth throughout fiscal 2024, while returning cash to its shareholders.
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