As families prepare to hit the roads for their summer vacations, AutoZone Inc. (NYSE: AZO), the nation's largest auto parts supplier, and Cracker Barrel Old Country Store Inc. (NASDAQ: CBRL), a staple for the hungry traveler, both topped Wall Street expectations in their quarterly earnings reports Wednesday.
For its fiscal third quarter, Memphis-based AutoZone reported that net income increased 9.5% from the year-ago quarter to $173.7 million, or $3.13 per share. It was the eleventh consecutive quarter of double-digit earnings per share growth. Net sales of $1.7 billion for the quarter ended May 9, represent a 9.3% increase from a year ago. Domestic same-store sales increased 7.4% for the quarter.
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