Uploaded by FinancialNewsOnline on Dec 6, 2011
Autozone (NYSE:AZO) reported Q1 EPS of $4.68, beating analyst estimates of $4.44 per share. Revenues for the quarter rose 7.4% year-over-year $1.90 billion, better than consensus estimates of $1.89 billion.
Bill Rhodes, Chairman, President and Chief Executive Officer of the company said, "After three years of impressive financial performance, we are pleased to begin fiscal 2012 with strong quarterly results. This past quarter marked our twelfth consecutive quarter of 20% growth in earnings per share and our twenty-first consecutive quarter of double digit growth. Our 4.6% same store sales and 22.6% growth in Commercial sales are both testaments to our organization's efforts to continually improve and further validation of our strategies."
AutoZone (NYSE:AZO) has potential upside of 3.7% based on a current price of $338.97 and an average consensus analyst price target of $351.5.
Bill Rhodes, Chairman, President and Chief Executive Officer of the company said, "After three years of impressive financial performance, we are pleased to begin fiscal 2012 with strong quarterly results. This past quarter marked our twelfth consecutive quarter of 20% growth in earnings per share and our twenty-first consecutive quarter of double digit growth. Our 4.6% same store sales and 22.6% growth in Commercial sales are both testaments to our organization's efforts to continually improve and further validation of our strategies."
AutoZone (NYSE:AZO) has potential upside of 3.7% based on a current price of $338.97 and an average consensus analyst price target of $351.5.
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