Can AutoZone Keep its Earnings Win Streak Alive? (AZO)
Replacement car part retailer, AutoZone (AZO), is on a winning streak…Reported Revenue and EPS numbers have surpassed Wall St. expectations in the past 5 quarters.
Can AZO continue to outperform expectations this week?
Last Summer, Autozone’s Purchase Intent Mentions rose at an all-time high level, corresponding with an all-time high for the DIY Auto Maintenance Trend.
Although this doesn’t bode well, AZO has seen a strong increase in sales from its commercial “do-it-for-me” (DIFM) business in recent quarters– Revenues from its commercial business rose +44% YoY in 21Q3.