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Dear Etorians, 09/24/24
$AZO retailer AutoZone reported lower-than-expected fourth-quarter profit, hurt by inflation challenges.
Despite a rise in demand for DIY parts as more people look to keep their aging vehicles on the road. The record vehicle age in the United States (12.6 years) will help drive demand in the automotive aftermarket. Overall revenue increased approximately 9%.
AutoZone publishes EPS - earnings per share - up 11%.