secwatch.observer — SEC 8-K summary
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Issuer:     AUTOZONE INC (AZO)
CIK:        0000866787
Form:       8-K
Filed at:   2022-12-06T23:59:59+00:00
Accession:  0001171843-22-007838
Event type: earnings
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

AutoZone Q1 net sales up 8.6% to $4.0B; EPS rises 6.9% to $27.45; gross margin down 242 bps
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- Domestic same store sales increased 5.6% on top of prior-year 13.6%; commercial sales accelerated 15%.
- Operating profit fell 4.2% to $723M; net income down 2.9% to $539.3M.
- Gross margin 50.1% vs 52.5% a year ago; a 203 bps non-cash LIFO charge from rising freight costs.
- Repurchased 392K shares for $900M (avg $2,295/share); $2.7B remaining under buyback authorization.
- Opened 28 US stores, 3 in Mexico, 4 in Brazil; total stores 6,978 as of Nov 19, 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/866787/000117184322007838/0001171843-22-007838-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/866787/000117184322007838/f8k_120522.htm
  HTML page:      https://secwatch.observer/filing/0001171843-22-007838

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