AutoZone same-store sales match estimate

AutoZone Inc.’s stock
AZO,
+0.85%
was down by 1.5% in premarket trading on Tuesday after the auto parts retailer matched the FactSet consensus estimate for fiscal first-quarter same-store sales growth of 2.1%. AutoZone’s first-quarter sales rose 5.1% to $4.19 billion, in line with the analyst estimate. AutoZone’s total store count rose by 25 net new stores for a total of 7,165 in the U.S., Mexico and Brazil. “Domestic sales results were solid despite tough comparisons from a year ago, while our international business continues to deliver exceptionally strong sales growth,” said Chief Executive Bill Rhodes.