Automotive retailer AutoZone, Inc ( AZO ) reported fourth-quarter earnings per share of $51.58, missing the Street view of $53.53.

Quarterly revenues of $6.205 billion (+9.0% year over year) marginally missed the analyst consensus of $6.221 billion. Excluding sales from the additional week included in this year’s quarter, adjusted sales were up 2.6%.

Also Read: AutoZone ( AZO ) Q4 Earnings Preview: Data Shows Strong Visit Growth, Analyst Says Company To ‘Continue To Take Share Over Time’

AutoZone ( AZO ) said its fourth-quarter total company same-store sales increased 1.3%, while domestic sales grew 0.2%.

The gross profit margin for the quarter was 52.5%, down by 21 basis points year over year, primarily driven by a 53 basis point non-cash LIFO impact. Operating profit increased 6.1% to $1.3 billion. 

Under its share repurchase program, AutoZone ( AZO ) repurchased 244 thousand shares of its common stock during the fourth quarter at an average price per share of $2,915, for a total investment of $710.6 million.

Since the inception of the share repurchase program, the company has repurchased 155 million shares of its common stock at an average price of $238, for a total investment of $37.0 billion. At year end, the company had $2.2 billion remaining under its current share repurchase authorization.

During the quarter that ended August 31, AutoZone ( AZO ) opened 68 new stores in the U.S., 31 in Mexico, and 18 in Brazil, for a total of 117 net new stores. 

AutoZone’s sales per average store reached $0.84 million, up from $0.79 million Y/Y during the quarter. The sales per average square foot grew to $124, up from $118 Y/Y. Total auto parts sales reached $6.09 billion, up from $5.59 billion Y/Y.

The domestic commercial sales for the quarter reached $1.66 billion, up from $1.5 billion Y/Y.

The company had 6,432 stores in the U.S., 794 in Mexico, and 127 in Brazil, for a total store count of 7,353.

AutoZone stock gained over 18% in the last 12 months. Investors can gain exposure to the stock through Vanguard Mid-Cap ETF and iShares Russell 1000 Growth ETF .

Price Action: AZO stock is trading lower by 3.73% to $2,935.01 premarket at the last check on Tuesday.