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Web sales in the first quarter of fiscal 2011 grew by 11.6%.
Web sales moved higher in the new fiscal year for multichannel auto parts and accessories retailer AutoZone Inc.
For the first quarter of fiscal 2011 ended Nov. 20, AutoZone reported:
- Web sales, which includes all sales from AutoZone.com and AllData.com, which sells diagnostic and related repair work software, grew year over year 11.6% to $36.7 million from $32.9 million.
- Total sales increased 13.3% to $1.79 billion from $1.58 billion.
- Comparable-store sales increased 9.5%.
- Net income increased 20% to $172 million from $143.3 million in the first quarter of fiscal 2010.
“This marks the eighth consecutive quarter of 20% plus growth in earnings per share and our 17th consecutive quarter of double-digit growth,” says CEO Bill Rhodes.
Internet Retailer calculates the web accounted for 2.1% in the first quarter, the same as in the prior year. AutoZone is No. 109 in the Internet Retailer Top 500 Guide.