U.S. Movers: Micron Technology, AutoZone, MillerKnoll

Scott Peters
24 Sep, 2025
New York City

Micron Technology Inc. declined 0.5% to $165.60 despite the memory and storage solution provider reporting more than a three-fold jump in earnings in the fourth quarter ending on August 28. 

Consolidated revenue increased to $11.3 billion from $7.75 billion, net income jumped to $3.2 billion from $887 million, and diluted earnings per share rose to $2.83 from 79 cents a year ago.

The company's board declared a quarterly cash dividend of 11.5 cents per share, payable on October 21 to shareholders on record on October 3.

Micron guided fiscal first-quarter revenue of approximately $12.50 billion with a band of $300 million, and diluted earnings per share of $3.56 with a range of 15 cents.

AutoZone Inc. increased 0.2% to $4,120 after the retailer of aftermarket automotive parts reported a slight increase in revenue and a decline in net income in the latest quarter ending on August 30.

Overall, same-store sales increased 4.5%, driven by a 4.8% rise at domestic stores and 2.1% at international locations. 

Consolidated revenue inched higher to $6.24 billion from $6.20 billion, net income declined to $836.95 million from $902.2 million, and diluted earnings per share fell to $48.71 from $51.58 a year ago.

During the fourth quarter, AutoZone returned a total of $446.7 million to shareholders through share repurchases, including the repurchase of 117,000 shares of common stock at an average price of $3,821 per share.

“Our international business also continued to deliver strong results, growing same-store sales 7.2% on a constant currency basis. 

We were especially pleased to have opened 141 net new stores globally in the quarter and 304 net new stores for the year. 

We expect to aggressively open stores in the new year as we continue to focus on growing our market share over time,” said Phil Daniele, President and Chief Executive Officer.

MillerKnoll Inc. gained 0.7% to $19.15 after the office furniture maker reported a 10% increase in revenue in the fiscal first quarter ending on August 30.

Consolidated revenue edged higher to $955.7 million from $861.5 million, net income swung to a profit of $21.1 million from a loss of $0.5 million, and diluted adjusted earnings per share rose to 29 cents from a loss of 2 cents a year ago.

MillerKnoll guided fiscal second-quarter revenue to be between $926 million and $966 million, and diluted earnings per share between 38 cents and 44 cents.