AutoZone's Profit Shrinks and Misses Estimates Despite Rising Sales
1. AutoZone's net income declined 5.3% year-over-year despite revenue growth. 2. Net sales were $3.95 billion, slightly below analyst expectations. 3. Same-store sales growth of 0.5% missed the expected 0.7%. 4. Domestic sales growth partially offset a significant international decline. 5. AZO shares fell over 1% following the report but are up 11% annually.