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Nov 20, 2021

Autozone Q1 2022 Earnings Report

AutoZone reported a strong first quarter with increased sales and earnings.

Key Takeaways

AutoZone's Q1 2022 net sales increased by 16.3% to $3.7 billion, with a 13.6% increase in domestic same store sales. EPS rose by 38.1% to $25.69. The company repurchased 515 thousand shares for $900 million.

Net sales increased by 16.3% to $3.7 billion.

Domestic same store sales increased by 13.6%.

Earnings per share increased by 38.1% to $25.69.

The company repurchased 515 thousand shares for $900 million.

Total Revenue
$3.67B
Previous year: $3.15B
+16.3%
EPS
$25.7
Previous year: $18.6
+38.0%
Same Store Sales Growth
13.6%
Previous year: 12.3%
+10.6%
Gross Margin
52.5%
Previous year: 53.1%
-1.1%
Operating Expense Ratio
31.9%
Previous year: 33.6%
-5.1%
Gross Profit
$1.94B
Previous year: $1.7B
+14.3%
Cash and Equivalents
$961M
Previous year: $1.66B
-42.2%
Free Cash Flow
$676M
Previous year: $570M
+18.4%
Total Assets
$14.5B
Previous year: $14.6B
-0.7%

Autozone

Autozone