AutoZone, Inc. (NYSE: AZO) today reported net sales of $3.7 billion
for its second quarter (12 weeks) ended February 11, 2023, an
increase of 9.5% from the second quarter of fiscal 2022 (12 weeks).
Domestic same store sales, or sales for stores open at least one
year, increased 5.3% for the quarter.
“We are proud to report solid same store sales growth on top of
last year’s 13.8%. We could not have achieved these results without
phenomenal contributions from across the organization. Once again,
our AutoZoners’ efforts generated double digit domestic Commercial
growth and single digit domestic Retail sales growth. We continue
to believe the initiatives we have in place position us well for
the remainder of our fiscal year,” said Bill Rhodes, Chairman,
President and Chief Executive Officer.
For the quarter, gross profit, as a percentage of sales, was
52.3%, a decrease of 69 basis points versus the prior year. The
decrease in gross margin was impacted by a 27 basis point ($10
million) non-cash LIFO charge driven primarily by freight costs.
The remaining deleverage was driven by supply chain costs and
accelerated growth in our Commercial business. Operating expenses,
as a percentage of sales, were 34.1% versus last year at 34.4%.
Operating profit increased 6.9% to $670.0 million. Net income
for the quarter increased 1.0% over the same period last year to
$476.5 million, while diluted earnings per share increased 10.5% to
$24.64 from $22.30 in the year-ago quarter.
Under its share repurchase program, AutoZone repurchased 372
thousand shares of its common stock for $906.0 million during the
second quarter, at an average price of $2,434 per share. At the end
of the second quarter, the Company had $1.8 billion remaining under
its current share repurchase authorization.
The Company’s inventory increased 13.9% over the same period
last year, driven by inflation and its growth initiatives. Net
inventory, defined as merchandise inventories less accounts
payable, on a per store basis, was negative $227 thousand versus
negative $198 thousand last year and negative $249 thousand last
quarter.“We remain committed to providing the best place for our
customers to shop while being an exceptional place for our
AutoZoners to build their careers. For the remainder of fiscal
2023, we will be laser focused on relentless execution, and we will
continue to focus our capital on projects that meet or exceed our
return on capital targets. We will take nothing for granted as we
will continue to focus on our long-term approach of increasing
operating earnings and free cash flows while using our balance
sheet effectively,” said Rhodes.
During the quarter ended February 11, 2023, AutoZone opened 30
new stores in the U.S., one in Mexico and five in Brazil. As of
February 11, 2023, the Company had 6,226 stores in the U.S., 707 in
Mexico and 81 in Brazil for a total store count of
7,014. AutoZone is
the leading retailer and distributor of automotive replacement
parts and accessories in the Americas. Each store carries an
extensive product line for cars, sport utility vehicles, vans and
light trucks, including new and remanufactured automotive hard
parts, maintenance items, accessories, and non-automotive products.
Many stores also have a commercial sales program that provides
commercial credit and prompt delivery of parts and other products
to local, regional and national repair garages, dealers, service
stations and public sector accounts. We also have commercial
programs in the majority of our stores in Mexico and Brazil.
AutoZone also sells the ALLDATA brand automotive diagnostic, repair
and shop management software through www.alldata.com. Additionally,
we sell automotive hard parts, maintenance items, accessories and
non-automotive products through www.autozone.com, and our
commercial customers can make purchases through
www.autozonepro.com. We also provide product information on our
Duralast branded products through www.duralastparts.com. AutoZone
does not derive revenue from automotive repair or installation
services.
AutoZone will host a conference call this morning, Tuesday,
February 28, 2023, beginning at 10:00 a.m. (ET) to discuss its
second quarter results. This call is being web cast and can be
accessed, along with supporting slides, at AutoZone’s website at
www.autozone.com and clicking on Investor Relations. Investors may
also listen to the call by dialing (888) 506-0062, passcode
AUTOZONE. In addition, a telephone replay will be available by
dialing (877) 481-4010, replay passcode 47607 through March 14,
2023.
This release includes certain financial information not derived
in accordance with generally accepted accounting principles
(“GAAP”). These non-GAAP measures include adjustments to reflect
return on invested capital, adjusted debt and adjusted debt to
EBITDAR. The Company believes that the presentation of these
non-GAAP measures provides information that is useful to investors
as it indicates more clearly the Company’s comparative year-to-year
operating results, but this information should not be considered a
substitute for any measures derived in accordance with GAAP.
Management targets the Company’s capital structure in order to
maintain its investment grade credit ratings. The Company believes
this is important information for the management of its debt levels
and share repurchases. We have included a reconciliation of this
additional information to the most comparable GAAP measures in the
accompanying reconciliation tables.
Certain statements contained herein constitute forward-looking
statements that are subject to the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995. Forward-looking
statements typically use words such as “believe,” “anticipate,”
“should,” “intend,” “plan,” “will,” “expect,” “estimate,”
“project,” “positioned,” “strategy,” “seek,” “may,” “could” and
similar expressions. These are based on assumptions and assessments
made by our management in light of experience and perception of
historical trends, current conditions, expected future developments
and other factors that we believe to be appropriate. These
forward-looking statements are subject to a number of risks and
uncertainties, including without limitation: product demand, due to
changes in fuel prices, miles driven or otherwise; energy prices;
weather; competition; credit market conditions; cash flows; access
to available and feasible financing; future stock repurchases; the
impact of recessionary conditions; consumer debt levels; changes in
laws or regulations; risks associated with self-insurance; war and
the prospect of war, including terrorist activity; the impact of
public health issues, such as the ongoing global coronavirus
(“COVID-19”) pandemic; inflation; the ability to hire, train and
retain qualified employees; construction delays; failure or
interruption of our information technology systems; issues relating
to the confidentiality, integrity or availability of information,
including due to cyber-attacks; historic growth rate
sustainability; downgrade of our credit ratings; damage to our
reputation; challenges in international markets; origin and raw
material costs of suppliers; inventory availability; disruption in
our supply chain; impact of tariffs; impact of new accounting
standards; and business interruptions. Certain of these risks and
uncertainties are discussed in more detail in the “Risk Factors”
section contained in Item 1A under Part 1 of the Company’s Annual
Report on Form 10-K for the year ended August 27, 2022, and these
Risk Factors should be read carefully. Forward-looking statements
are not guarantees of future performance and actual results,
developments and business decisions may differ from those
contemplated by such forward-looking statements. Events described
above and in the “Risk Factors” could materially and adversely
affect our business. However, it should be understood that it is
not possible to identify or predict all such risks and other
factors that could affect these forward-looking statements.
Forward-looking statements speak only as of the date made. Except
as required by applicable law, we undertake no obligation to update
publicly any forward-looking statements, whether as a result of new
information, future events or otherwise.
Contact Information:Financial: Brian Campbell at (901) 495-7005,
brian.campbell@autozone.comMedia: David McKinney at (901) 495-7951,
david.mckinney@autozone.com
AutoZone's 2nd Quarter Highlights - Fiscal
2023 |
|
|
|
|
|
|
|
|
|
|
|
Condensed Consolidated Statements of
Operations |
|
|
|
|
|
2nd Quarter, FY2023 |
|
|
|
|
|
|
|
(in thousands, except per share data) |
|
|
|
|
|
|
|
|
|
GAAP Results |
|
|
|
|
|
12 Weeks
Ended |
|
12 Weeks
Ended |
|
|
|
|
|
February 11, 2023 |
|
February 12, 2022 |
|
|
|
|
|
|
|
|
|
|
|
Net sales |
|
$ |
3,690,982 |
|
|
$ |
3,369,750 |
|
|
|
|
Cost of sales |
|
|
1,760,979 |
|
|
|
1,584,524 |
|
|
|
|
Gross profit |
|
|
1,930,003 |
|
|
|
1,785,226 |
|
|
|
|
Operating, SG&A expenses |
|
|
1,260,026 |
|
|
|
1,158,466 |
|
|
|
|
Operating profit (EBIT) |
|
|
669,977 |
|
|
|
626,760 |
|
|
|
|
Interest expense, net |
|
|
65,609 |
|
|
|
42,471 |
|
|
|
|
Income before taxes |
|
|
604,368 |
|
|
|
584,289 |
|
|
|
|
Income tax expense |
|
|
127,824 |
|
|
|
112,534 |
|
|
|
|
Net income |
|
$ |
476,544 |
|
|
$ |
471,755 |
|
|
|
|
Net income per share: |
|
|
|
|
|
|
|
Basic |
|
$ |
25.48 |
|
|
$ |
23.00 |
|
|
|
|
Diluted |
|
$ |
24.64 |
|
|
$ |
22.30 |
|
|
|
|
Weighted average shares outstanding: |
|
|
|
|
|
|
|
Basic |
|
|
18,705 |
|
|
|
20,513 |
|
|
|
|
Diluted |
|
|
19,337 |
|
|
|
21,158 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year-To-Date 2nd Quarter, FY2023 |
|
|
|
|
|
|
|
(in thousands, except per share data) |
|
|
|
|
|
|
|
|
|
GAAP Results |
|
|
|
|
|
24 Weeks
Ended |
|
24 Weeks
Ended |
|
|
|
|
|
February 11, 2023 |
|
February 12, 2022 |
|
|
|
|
|
|
|
|
|
|
|
Net sales |
|
$ |
7,676,049 |
|
|
$ |
7,038,653 |
|
|
|
|
Cost of sales |
|
|
3,751,424 |
|
|
|
3,328,267 |
|
|
|
|
Gross profit |
|
|
3,924,625 |
|
|
|
3,710,386 |
|
|
|
|
Operating, SG&A expenses |
|
|
2,531,615 |
|
|
|
2,329,141 |
|
|
|
|
Operating profit (EBIT) |
|
|
1,393,010 |
|
|
|
1,381,245 |
|
|
|
|
Interest expense, net |
|
|
123,332 |
|
|
|
85,755 |
|
|
|
|
Income before taxes |
|
|
1,269,678 |
|
|
|
1,295,490 |
|
|
|
|
Income taxes |
|
|
253,816 |
|
|
|
268,500 |
|
|
|
|
Net income |
|
$ |
1,015,862 |
|
|
$ |
1,026,990 |
|
|
|
|
Net income per share: |
|
|
|
|
|
|
|
Basic |
|
$ |
53.87 |
|
|
$ |
49.49 |
|
|
|
|
Diluted |
|
$ |
52.12 |
|
|
$ |
48.03 |
|
|
|
|
Weighted average shares outstanding: |
|
|
|
|
|
|
|
Basic |
|
|
18,856 |
|
|
|
20,750 |
|
|
|
|
Diluted |
|
|
19,491 |
|
|
|
21,383 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Selected Balance Sheet Information |
|
|
|
|
|
|
|
(in thousands) |
|
|
|
|
|
|
|
|
|
February 11, 2023 |
|
February 12, 2022 |
|
August 27, 2022 |
|
|
|
|
|
|
|
|
|
Cash and cash equivalents |
|
$ |
301,286 |
|
|
$ |
239,423 |
|
|
$ |
264,380 |
|
|
Merchandise inventories |
|
|
5,731,255 |
|
|
|
5,031,222 |
|
|
|
5,638,004 |
|
|
Current assets |
|
|
6,794,805 |
|
|
|
5,903,770 |
|
|
|
6,627,984 |
|
|
Property and equipment, net |
|
|
5,236,129 |
|
|
|
4,879,079 |
|
|
|
5,170,419 |
|
|
Operating lease right-of-use assets |
|
|
2,943,844 |
|
|
|
2,743,771 |
|
|
|
2,918,817 |
|
|
Total assets |
|
|
15,545,142 |
|
|
|
14,078,473 |
|
|
|
15,275,043 |
|
|
Accounts payable |
|
|
7,321,551 |
|
|
|
6,378,606 |
|
|
|
7,301,347 |
|
|
Current liabilities |
|
|
8,614,618 |
|
|
|
7,684,645 |
|
|
|
8,588,393 |
|
|
Operating lease liabilities, less current portion |
|
|
2,854,227 |
|
|
|
2,641,555 |
|
|
|
2,837,973 |
|
|
Total debt |
|
|
7,042,302 |
|
|
|
5,840,884 |
|
|
|
6,122,092 |
|
|
Stockholders' deficit |
|
|
(4,184,170 |
) |
|
|
(3,137,477 |
) |
|
|
(3,538,913 |
) |
|
Working capital |
|
|
(1,819,813 |
) |
|
|
(1,780,875 |
) |
|
|
(1,960,409 |
) |
|
|
|
|
|
|
|
|
|
AutoZone's 2nd Quarter Highlights - Fiscal
2023 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Condensed Consolidated Statements of Operations
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Adjusted Debt / EBITDAR |
|
|
|
|
|
|
|
|
|
|
|
(in thousands, except adjusted debt to EBITDAR ratio) |
|
Trailing 4
Quarters |
|
|
|
|
|
|
|
|
|
February 11, 2023 |
|
February 12, 2022 |
|
|
|
|
|
|
|
Net income |
|
$ |
2,418,476 |
|
|
$ |
2,408,925 |
|
|
|
|
|
|
|
|
Add: Interest expense |
|
|
229,215 |
|
|
|
188,901 |
|
|
|
|
|
|
|
|
Income tax expense |
|
|
634,803 |
|
|
|
630,954 |
|
|
|
|
|
|
|
|
EBIT |
|
|
3,282,494 |
|
|
|
3,228,780 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Add: Depreciation and amortization |
|
|
465,905 |
|
|
|
422,938 |
|
|
|
|
|
|
|
|
Rent expense(1) |
|
|
394,298 |
|
|
|
354,410 |
|
|
|
|
|
|
|
|
Share-based expense |
|
|
82,253 |
|
|
|
62,672 |
|
|
|
|
|
|
|
|
EBITDAR |
|
$ |
4,224,950 |
|
|
$ |
4,068,800 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt |
|
$ |
7,042,302 |
|
|
$ |
5,840,884 |
|
|
|
|
|
|
|
|
Financing lease liabilities |
|
|
290,858 |
|
|
|
272,719 |
|
|
|
|
|
|
|
|
Add: Rent x 6(1) |
|
|
2,365,788 |
|
|
|
2,126,460 |
|
|
|
|
|
|
|
|
Adjusted debt |
|
$ |
9,698,948 |
|
|
$ |
8,240,063 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Adjusted debt to EBITDAR |
|
|
2.3 |
|
|
|
2.0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Adjusted Return on Invested Capital (ROIC) |
|
|
|
|
|
|
|
|
|
|
|
(in thousands, except ROIC) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Trailing 4
Quarters |
|
|
|
|
|
|
|
|
|
February 11, 2023 |
|
February 12, 2022 |
|
|
|
|
|
|
|
Net income |
|
$ |
2,418,476 |
|
|
$ |
2,408,925 |
|
|
|
|
|
|
|
|
Adjustments: |
|
|
|
|
|
|
|
|
|
|
|
Interest expense |
|
|
229,215 |
|
|
|
188,901 |
|
|
|
|
|
|
|
|
Rent expense(1) |
|
|
394,298 |
|
|
|
354,410 |
|
|
|
|
|
|
|
|
Tax effect(2) |
|
|
(129,691 |
) |
|
|
(113,008 |
) |
|
|
|
|
|
|
|
Adjusted after-tax return |
|
$ |
2,912,298 |
|
|
$ |
2,839,228 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Average debt(3) |
|
$ |
6,278,213 |
|
|
$ |
5,433,252 |
|
|
|
|
|
|
|
|
Average stockholders' deficit(3) |
|
|
(3,617,143 |
) |
|
|
(2,069,346 |
) |
|
|
|
|
|
|
|
Add: Rent x 6(1) |
|
|
2,365,788 |
|
|
|
2,126,460 |
|
|
|
|
|
|
|
|
Average financing lease liabilities(3) |
|
|
294,337 |
|
|
|
255,497 |
|
|
|
|
|
|
|
|
Invested capital |
|
$ |
5,321,195 |
|
|
$ |
5,745,863 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Adjusted After-Tax ROIC |
|
|
54.7 |
% |
|
|
49.4 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(1) The table below outlines the calculation of rent expense and
reconciles rent expense to total lease cost, per ASC 842, the most
directly comparable GAAP financial measure, for the trailing four
quarters ended February 11, 2023 and February 12, 2022 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Trailing 4
Quarters |
|
|
|
|
|
|
|
(in thousands) |
|
February 11, 2023 |
|
February 12, 2022 |
|
|
|
|
|
|
|
Total lease cost, per ASC 842, for the trailing four quarters |
|
$ |
498,970 |
|
|
$ |
442,950 |
|
|
|
|
|
|
|
|
Less: Financing lease interest and amortization |
|
|
(77,302 |
) |
|
|
(62,607 |
) |
|
|
|
|
|
|
|
Less: Variable operating lease components, related to insurance and
common area maintenance |
|
|
(27,370 |
) |
|
|
(25,933 |
) |
|
|
|
|
|
|
|
Rent expense for the trailing four quarters |
|
$ |
394,298 |
|
|
$ |
354,410 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(2) Effective tax rate over trailing four quarters ended February
11, 2023 and February 12, 2022 was 20.8% |
|
|
|
|
|
|
|
(3)All averages are computed based on trailing five quarter
balances |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other Selected Financial Information |
|
|
|
|
|
|
|
|
|
|
|
(in thousands) |
|
|
|
|
|
|
|
|
|
|
|
|
|
February 11, 2023 |
|
February 12, 2022 |
|
|
|
|
|
|
|
Cumulative share repurchases ($ since fiscal 1998) |
|
$ |
31,898,212 |
|
|
$ |
28,192,426 |
|
|
|
|
|
|
|
|
Remaining share repurchase authorization ($) |
|
|
1,751,788 |
|
|
|
957,574 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cumulative share repurchases (shares since fiscal 1998) |
|
|
153,273 |
|
|
|
151,586 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Shares outstanding, end of quarter |
|
|
18,467 |
|
|
|
19,967 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
12 Weeks
Ended |
|
12 Weeks
Ended |
|
|
|
24 Weeks
Ended |
|
24 Weeks
Ended |
|
|
|
February 11, 2023 |
|
February 12, 2022 |
|
|
|
February 11, 2023 |
|
February 12, 2022 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Depreciation and amortization |
|
$ |
113,711 |
|
|
$ |
99,692 |
|
|
|
|
$ |
222,964 |
|
$ |
199,282 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash flow from operations |
|
|
354,474 |
|
|
|
361,816 |
|
|
|
|
|
1,148,061 |
|
|
1,139,746 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Capital spending |
|
|
144,837 |
|
|
|
105,874 |
|
|
|
|
|
259,234 |
|
|
208,143 |
|
|
|
|
|
|
|
|
|
|
|
|
|
AutoZone's 2nd Quarter Highlights - Fiscal
2023 |
|
|
|
|
|
|
|
|
|
|
|
|
Condensed Consolidated Statements of
Operations |
|
|
|
|
|
|
|
|
|
|
Selected Operating Highlights |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Store Count & Square Footage |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
12 Weeks
Ended |
|
|
12 Weeks
Ended |
|
|
24 Weeks
Ended |
|
|
24 Weeks
Ended |
|
|
|
February 11, 2023 |
|
|
February 12, 2022 |
|
|
February 11, 2023 |
|
|
February 12, 2022 |
|
Domestic: |
|
|
|
|
|
|
|
|
|
|
|
|
Beginning stores |
|
|
6,196 |
|
|
|
|
6,066 |
|
|
|
|
6,168 |
|
|
|
|
6,051 |
|
|
Stores opened |
|
|
30 |
|
|
|
|
26 |
|
|
|
|
58 |
|
|
|
|
41 |
|
|
Stores closed |
|
|
- |
|
|
|
|
(1 |
) |
|
|
|
- |
|
|
|
|
(1 |
) |
|
Ending domestic stores |
|
|
6,226 |
|
|
|
|
6,091 |
|
|
|
|
6,226 |
|
|
|
|
6,091 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Relocated stores |
|
|
1 |
|
|
|
|
1 |
|
|
|
|
4 |
|
|
|
|
4 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Stores with commercial programs |
|
|
5,500 |
|
|
|
|
5,233 |
|
|
|
|
5,500 |
|
|
|
|
5,233 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Square footage (in thousands) |
|
|
41,103 |
|
|
|
|
40,037 |
|
|
|
|
41,103 |
|
|
|
|
40,037 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Mexico: |
|
|
|
|
|
|
|
|
|
|
|
|
Beginning stores |
|
|
706 |
|
|
|
|
666 |
|
|
|
|
703 |
|
|
|
|
664 |
|
|
Stores opened |
|
|
1 |
|
|
|
|
3 |
|
|
|
|
4 |
|
|
|
|
5 |
|
|
Ending Mexico stores |
|
|
707 |
|
|
|
|
669 |
|
|
|
|
707 |
|
|
|
|
669 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Brazil: |
|
|
|
|
|
|
|
|
|
|
|
|
Beginning stores |
|
|
76 |
|
|
|
|
53 |
|
|
|
|
72 |
|
|
|
|
52 |
|
|
Stores opened |
|
|
5 |
|
|
|
|
2 |
|
|
|
|
9 |
|
|
|
|
3 |
|
|
Ending Brazil stores |
|
|
81 |
|
|
|
|
55 |
|
|
|
|
81 |
|
|
|
|
55 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total |
|
|
7,014 |
|
|
|
|
6,815 |
|
|
|
|
7,014 |
|
|
|
|
6,815 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Square footage (in thousands) |
|
|
46,982 |
|
|
|
|
45,433 |
|
|
|
|
46,982 |
|
|
|
|
45,433 |
|
|
Square footage per store |
|
|
6,698 |
|
|
|
|
6,667 |
|
|
|
|
6,698 |
|
|
|
|
6,667 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Sales Statistics |
|
|
|
|
|
|
|
|
|
|
|
|
($ in thousands, except sales per average square foot) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
12 Weeks
Ended |
|
|
12 Weeks
Ended |
|
|
Trailing 4
Quarters |
|
|
Trailing 4
Quarters |
|
Total AutoZone Stores (Domestic, Mexico and
Brazil) |
February 11, 2023 |
|
|
February 12, 2022 |
|
|
February 11, 2023 |
|
|
February 12, 2022 |
|
Sales per average store |
|
$ |
518 |
|
|
|
$ |
486 |
|
|
|
$ |
2,399 |
|
|
|
$ |
2,282 |
|
|
Sales per average square foot |
|
$ |
77 |
|
|
|
$ |
73 |
|
|
|
$ |
359 |
|
|
|
$ |
343 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Auto Parts (Domestic, Mexico and
Brazil) |
|
|
|
|
|
|
|
|
|
|
|
|
Total auto parts sales |
|
$ |
3,623,110 |
|
|
|
$ |
3,306,223 |
|
|
|
$ |
16,590,483 |
|
|
|
$ |
15,332,148 |
|
|
%
Increase vs. LY |
|
|
9.6% |
|
|
|
|
15.6% |
|
|
|
|
8.2% |
|
|
|
|
16.5% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Domestic Commercial |
|
|
|
|
|
|
|
|
|
|
|
|
Total domestic commercial sales |
|
$ |
954,584 |
|
|
|
$ |
843,889 |
|
|
|
$ |
4,475,546 |
|
|
|
$ |
3,755,003 |
|
|
%
Increase vs. LY |
|
|
13.1% |
|
|
|
|
32.1% |
|
|
|
|
19.2% |
|
|
|
|
30.2% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Average sales per program per week |
|
$ |
14.5 |
|
|
|
$ |
13.5 |
|
|
|
$ |
16.0 |
|
|
|
$ |
14.0 |
|
|
%
Increase vs. LY |
|
|
7.4% |
|
|
|
|
28.6% |
|
|
|
|
14.3% |
|
|
|
|
26.1% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
All Other, including ALLDATA |
|
|
|
|
|
|
|
|
|
|
|
|
All other sales |
|
$ |
67,872 |
|
|
|
$ |
63,527 |
|
|
|
$ |
299,144 |
|
|
|
$ |
271,012 |
|
|
%
Increase vs. LY |
|
|
6.8% |
|
|
|
|
24.3% |
|
|
|
|
10.4% |
|
|
|
|
17.1% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
12 Weeks
Ended |
|
|
12 Weeks
Ended |
|
|
24 Weeks
Ended |
|
|
24 Weeks
Ended |
|
|
|
February 11, 2023 |
|
|
February 12, 2022 |
|
|
February 11, 2023 |
|
|
February 12, 2022 |
|
Domestic same store sales |
|
|
5.3% |
|
|
|
|
13.8% |
|
|
|
|
5.5% |
|
|
|
|
13.7% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Inventory Statistics (Total Stores) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
as
of |
|
|
as
of |
|
|
|
|
|
|
|
|
|
February 11, 2023 |
|
|
February 12, 2022 |
|
|
|
|
|
|
|
Accounts payable/inventory |
|
|
127.7% |
|
|
|
|
126.8% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
($ in thousands) |
|
|
|
|
|
|
|
|
|
|
|
|
Inventory |
|
$ |
5,731,255 |
|
|
|
$ |
5,031,222 |
|
|
|
|
|
|
|
|
Inventory per store |
|
|
817 |
|
|
|
|
738 |
|
|
|
|
|
|
|
|
Net inventory (net of payables) |
|
|
(1,590,296 |
) |
|
|
|
(1,347,384 |
) |
|
|
|
|
|
|
|
Net inventory / per store |
|
|
(227 |
) |
|
|
|
(198 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Trailing 5
Quarters |
|
|
|
|
|
|
|
|
|
February 11, 2023 |
|
|
February 12, 2022 |
|
|
|
|
|
|
|
Inventory turns |
|
|
1.5 |
x |
|
|
1.6 |
x |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
AutoZone (NYSE:AZO)
Gráfico Histórico do Ativo
De Mar 2024 até Abr 2024
AutoZone (NYSE:AZO)
Gráfico Histórico do Ativo
De Abr 2023 até Abr 2024