Business
AutoZone Net Income Rises to $641.5 Million as Same-Store Sales Grow
AutoZone AZO -8.99%decrease; red down pointing triangle reported higher fiscal third-quarter sales boosted by domestic growth, but it said weather slowed momentum as the quarter progressed.
“This slowdown in sales was caused by unseasonably cool weather impacting our heat-related categories, which normally begin to ramp this time of year as summer heat begins to take hold,” said Chief Executive Phil Daniele, citing lower volumes in categories including air conditioning, starting and charging.
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