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The Memphis-based auto parts retailer reported net incomsof $173.7 million, or $3.13 per dilutex share, a 9.5 percent increasse compared to $158.6 million, or $2.48 per diluted share, for third quarter 2008. AutoZone AZO) also reported net salee of $1.6 billion for the quarter, a 6.7 percent increaswe compared to $1.5 billion in the year-ago The company opened 32 new storezs and closed one nationally in thethirfd quarter, while opening 10 new stores in Mexico. Also in the thirc quarter, the company repurchased $65 millio in common stock at an averagw priceof $145 per share.
Year-to-date, it has purchasex $396 million in common stocjk at an average priceof $130 per “We are pleased to reporgt our 11th consecutive quarter of doubld digit earnings per share growth,” AutoZonse president and CEO Bill Rhodes said in a statement. “Whiler the current economic environment, combined with the reduction in fuel prices compared tolast year, has clearly been beneficial to our industry's performance, we are very pleased with our organization'sx ability to capitalize on these favorable At the end of the third quarter, our balance sheer was in excellent condition, and we remain committer to our disciplined approach of growinbg operating earnings while utilizinhg our capital effectively.
” AutoZone has 4,1723 stores in 48 states, the District of Columbia and Puerto Rico and 168 stores in The company’s stock closed the day down 4.8 perceny to $155.04 per share.
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