AutoZone, Inc. (AZO), the leading retailer and distributor of automotive replacement parts and accessories, reported a beat on top and bottom lines in the fourth quarter of fiscal 2023, driven by solid demand for auto parts. The company posted quarterly revenue of $5.69 billion, compared to analysts’ estimate of $5.61 billion.
In addition, the auto parts retailer’s fourth-quarter EPS came in at $46.46 versus $45.23 as expected by analysts. Moreover, the company surpassed the consensus EPS estimates in each of the trailing four quarters, which is impressive.
