What AutoZone's Earnings Mean for Mutual Fund Investors (AZO)

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

Earnings

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.

Revenue
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.

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).