AutoZone Posts Higher Sales Amid Strong Demand for Car Repairs – The Wall Street Journal

September 19, 2022 by No Comments

AutoZone Inc. reported higher sales in its recently ended quarter, as return-to-office mandates pushed Americans to use their cars more and helped fuel demand for repairs.

The car-parts retailer on Monday posted sales of $5.35 billion for the fiscal fourth quarter, up about 9% from a year earlier and above Wall Street estimates. The rising price of new cars also has caused drivers to stick with their current vehicles longer, helping drive up sales of car parts needed for repairs and maintenance.

Source: https://www.wsj.com/articles/autozone-posts-higher-sales-amid-strong-demand-for-car-repairs-11663603325

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