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Nov 21, 2020
Autozone Q1 2021 Earnings Report
Reported a 12.3% increase in same-store sales and EPS increased to $18.61.
Key Takeaways
AutoZone reported a strong first quarter with a 12.9% increase in net sales, driven by a 12.3% increase in domestic same-store sales. EPS increased by 30.1% to $18.61, and the company continued to execute its strategies to improve inventory availability and leverage technology.
Net sales increased by 12.9% to $3.2 billion.
Domestic same store sales increased 12.3%.
Diluted earnings per share increased 30.1% to $18.61.
AutoZone repurchased 584,379 shares of its common stock for $678.3 million.
Forward Guidance
AutoZone is focused on the health and safety of its customers and employees, and is investing in enhanced benefits for its team. The company continues to execute on its strategies to improve inventory availability, leverage technology, and penetrate the Commercial market. AutoZone expects to incur roughly $50 million in costs related to enhanced benefits in the second quarter.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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