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AutoZone misses quarterly revenue estimates on inflation, currency rates
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AutoZone misses quarterly revenue estimates on inflation, currency rates
Mar 4, 2025 5:57 AM

March 4 (Reuters) - AutoZone ( AZO ) on Tuesday missed

Wall Street estimates for second-quarter revenue, as the

automotive parts retailer navigated headwinds due to consumers

holding back and currency rate fluctuations.

Shares of the company fell about 2.2% in premarket trading

following the results.

The retailer had previously warned that inflationary

headwinds were weighing on its wallet-cautious buyers, which

impacted its DIY segment.

U.S. President Donald Trump's move to levy tariffs on

imports from Mexico and Canada as well as double the duties on

Chinese goods to 20% is also expected to affect the auto

industry as it attempts to cut costs.

Bernstein analyst Daniel Roeska said he anticipates the

tariffs will cause "severe disruptions" in North American supply

chains and automotive profit margins.

AutoZone's ( AZO ) quarterly net sales fell 2% to about $3.95

billion, missing estimates of about $3.98 billion, according to

data compiled by LSEG.

Its domestic same-store sales in the quarter ended February

15 rose 1.9%, compared with an increase of 0.3% a year ago.

The company's net income was $515 million, or $28.29 per

share, in the fourth quarter, compared with $487.9 million, or

$28.89 per share, a year ago.

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