AutoZone slips on lower quarterly profit

Shares of auto parts retailer AutoZone AZO.N fall nearly 7% to $3,620 premarket

AutoZone's quarterly net income falls to $469 million, from $488 million a year-ago

Q2 profit declinedas inflationary headwinds squeezed the auto-parts retailer's margins

On per share basis, it earned $27.63. Analysts had expected $27.13- data compiled by LSEG

Quarterly net sales rise 8.1% to $4.27 billion vs analysts' estimate of $4.31 billion

"While our international sales, in constant currency, were slightly below our expectations, we believe our market share continues to grow as we outpace our competition in both Mexico and Brazil" says CEO Phil Daniele

As of last close, stock had risen 14.5% YTD