AutoZone misses quarterly revenue estimates on inflation, currency rates

Automotive and TransportationAutomotive and Transportation

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AutoZone misses quarterly revenue estimates on inflation, currency rates

^{Published on 2025-03-04 10:01:35 - Reuters}

AutoZone on Tuesday missed Wall Street estimates for second-quarter revenue, as the automotive parts retailer navigated headwinds due to consumers holding back and currency rate fluctuations.

AutoZone Inc. reported lower-than-expected quarterly revenue on March 4, 2025, due to a combination of high inflation and unfavorable currency exchange rates. The company's net revenue for the second quarter was $4.23 billion, falling short of the $4.28 billion that analysts had forecasted. Despite the revenue miss, AutoZone's earnings per share of $28.89 exceeded the expected $26.08, driven by strong demand for auto parts as consumers maintained their vehicles longer amid economic pressures. However, the company faced challenges from a stronger U.S. dollar which negatively impacted its international sales, particularly in Mexico and Brazil. Additionally, inflation continued to affect consumer spending power, influencing the company's performance.

Read the Full Reuters Article at:
[ https://www.reuters.com/business/autos-transportation/autozone-misses-quarterly-revenue-estimates-inflation-currency-rates-2025-03-04/ ]

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