earnings
confidence high
sentiment positive
materiality 0.80
AutoZone Q3 net sales +8.4% to $4.8B, EPS $38.07 vs $35.36; domestic same-store sales +4.1%
AUTOZONE INC
- Net sales $4.8B (+8.4% YoY); operating profit $923.8M (+6.6%); net income $641.5M, diluted EPS $38.07 vs $35.36.
- Domestic same store sales up 4.1%; total company same store sales up 5.5% (constant currency 3.9%).
- Gross margin 52.2%, down 57 bps; operating expenses improved to 33.1% of sales from 33.3%.
- Repurchased 164k shares for $586.3M at avg $3,582; $0.8B remaining under authorization.
- Opened 82 new stores (57 US, 20 Mexico, 5 Brazil); total stores 7,856; on track for 355-365 FY stores.