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AutoZone fiscal Q1 profit climbs 5.6% YOY

AutoZone, Inc. said its normalized net income for the fiscal first quarter ended Nov. 19 was $8.96 per share, compared with the S&P Capital IQ consensus estimate of $9.32 per share.

EPS rose 10.7% year over year from $8.09.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $266.0 million, a gain of 5.6% from $251.9 million in the prior-year period.

The normalized profit margin climbed to 10.8% from 10.6% in the year-earlier period.

Total revenue rose year over year to $2.47 billion from $2.39 billion, and total operating expenses grew from the prior-year period to $2.01 billion from $1.95 billion.

Reported net income rose 7.7% from the prior-year period to $278.0 million, or $9.36 per share, from $258.1 million, or $8.29 per share.