Auto parts demand remains strong, AutoZone exceeds expectations in third-quarter results

Glonghui, May 26 – U.S. auto parts retailer AutoZone announced that, driven by strong demand for maintenance parts and robust performance in its high-margin commercial business, its third-quarter sales rose 8.4% year-on-year to approximately $4.84 billion, slightly above analysts’ average expectation of $4.83 billion. Net profit increased 5.4% year-on-year to $641 million, or $38.95 per share, while analysts had expected $36.28 per share.