AutoZone profit rises on lower costs

Newswire

Feb 26 (Reuters) - AutoZone Inc, the largest U.S. auto parts retailer, reported a 5.6 percent rise in quarterly profit as the company spent less on parts it bought. Net income rose to $176.2 million, or $4.78 per share, in the second quarter, from $166.9 million, or $4.15 per share, a year earlier. Revenue rose 3 percent to $1.86 billion.

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