AutoZone (AZO) released its first quarter financial results before the opening bell on Tuesday. The company reported higher results that last year, which came in above analyst expectations.
Inside AZO's Results
AZO reported earnings of $238.31 million, or $7.27 per share, compared to $218.09 million, or $6.29 per share, in the same quarter last year. On average, analysts expected to see earnings of $7.16 per share.
Sales rose 8% to $2.26 billion from $2.09 billion last year. Analysts expected to see revenue of $2.21 billion.
Mutual Funds to Watch
Investors seeking exposure to AZO without buying the individual stock may want to consider a mutual fund investment as an alternative. The funds below currently hold the largest stakes in the company.
|PRWCX||T. Rowe Price Capital Appreciation||3.19%|
|PRGFX||T. Rowe Price Growth Stock||2.71%|
|FLPSX||Fidelity Low-Priced Stock||2.68%|
The Bottom Line
The funds above allow investors to gain exposure to AZO while remaining diversified. Investors interested in AZO may also be interested in Advance Auto Parts (AAP) and Johnson Controls (JCI).