February 27, 2018 / 12:25 PM / in 6 months

BRIEF-Autozone Posts Q2 Earnings Of $10.38 Per Share

Feb 27 (Reuters) - Autozone Inc:

* AUTOZONE 2ND QUARTER SAME STORE SALES INCREASE 2.2%; EPS INCREASES 28.5% TO $10.38, ADJUSTED EPS INCREASES 9.3% TO $8.47

* Q2 ADJUSTED EARNINGS PER SHARE $8.47

* ‍TAX CUTS AND JOBS ACT OF 2017 INCREASED NET INCOME BY $171.4 MILLION FOR QUARTER​

* ‍DOMESTIC SAME STORE SALES, OR SALES FOR STORES OPEN AT LEAST ONE YEAR, INCREASED 2.2% FOR QUARTER​

* AT QUARTER-END, INVENTORY INCREASED 4.7% OVER SAME PERIOD LAST YEAR, DRIVEN BY NEW STORES AND INCREASED PRODUCT PLACEMENT​

* Q2 EARNINGS PER SHARE VIEW $8.93, REVENUE VIEW $2.39 BILLION — THOMSON REUTERS I/B/E/S

* AUTOZONE - ABOUT $193.2 MILLION IN INTANGIBLE & OTHER ASSETS IMPAIRMENT CHARGES WITHIN OPERATING EXPENSES RELATED TO IMC, AUTOANYTHING BUSINESSES​ IN QUARTER Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1 646 223 8780)

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