Memphis, Tenn. (March 3, 2009) AutoZone reported on Tuesday net sales of $1.4 billion for its second quarter ended Feb. 14, an increase of 8.1% from fiscal second quarter 2008.
Domestic same-store sales increased 6% for the quarter.
Net income for the quarter increased $9.2 million, or 8.6%, over the same period last year to $115.9 million.
"At the end of the second quarter, our balance sheet was in excellent condition, and we remain committed to our disciplined approach of growing operating earnings while utilizing our capital effectively," said Bill Rhodes, chairman, president and CEO.
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Domestic same-store sales increased 6% for the quarter.
Net income for the quarter increased $9.2 million, or 8.6%, over the same period last year to $115.9 million.
"At the end of the second quarter, our balance sheet was in excellent condition, and we remain committed to our disciplined approach of growing operating earnings while utilizing our capital effectively," said Bill Rhodes, chairman, president and CEO.
Read the rest of the story.....
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