Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
AutoZone's second-quarter profit falls after inflationary headwinds

AutoZone's second-quarter profit falls after inflationary headwinds

101 finance101 finance2026/03/03 13:30
By:101 finance

March 3 (Reuters) - AutoZone reported a fall in second-quarter profit on Tuesday, ‌as inflationary headwinds dented the ‌auto parts retailer's margins.

Shares of the company fell ​about 6% in premarket trading following the results.

Tariffs, winter storms and a bumpy vehicle market pressured the Memphis, Tennessee-based ‌auto parts ⁠retailer over the past year, despite a steady demand from ⁠consumers for auto parts.

AutoZone said its domestic segment benefited from higher Do-It-Yourself ​and commercial ​sales during the ​second quarter, despite ‌winter storms in January that caused disruptions.

Its overall sales in the quarter ended February 12 rose 8.15% to roughly $4.27 billion from a year earlier.

Analysts on ‌average expected the company ​to report quarterly ​sales of $4.31 billion, ​according to data compiled ‌by LSEG.

AutoZone's quarterly net ​income fell ​to $469 million, or $27.63 per share, from $488 million, or $28.29, a year ago. Analysts ​expected ‌a quarterly profit of $27.13 per share.

(Reporting ​by Nathan Gomes in Bengaluru; Editing ​by Shreya Biswas)

0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!