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AutoZone 4th-qtr profit rises
September 19, 2012 / 11:16 AM / 5 years ago

AutoZone 4th-qtr profit rises

Sept 19 (Reuters) - The largest U.S. auto parts retail chain AutoZone Inc reported a rise in quarterly profit as margins improved.

Net income rose to $323.7 million, or $8.46 per share, for the fourth quarter, from $301.5 million, or $7.18 per share, a year earlier.

Sales increased 5 percent to $2.76 billion.

Gross margins rose to 51.8 percent from 51.2 percent a year earlier.

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