AutoZone Inc. (NYSE: AZO) reported Tuesday that its fiscal second-quarter profit rose 6 percent, citing higher sales from new stores, according to Associated Press.
The company earned $123.3 million, or $2.46 per share, compared with a year-ago profit of $115.9 million, or $2.03 per share. Revenue rose to $1.51 billion, compared to $1.45 billion in the same quarter last year.
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On average, analysts expected profit of $2.35 per share on $1.49 billion in sales, according to a survey by Thomson Reuters.
Sales at domestic stores open at least a year rose 1 percent.
The auto retailer opened 24 new stores in the U.S. and nine in Mexico during the quarter.
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