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Feb 12, 2022

Autozone Q2 2022 Earnings Report

AutoZone's Q2 2022 performance was marked by strong sales growth and increased earnings per share.

Key Takeaways

AutoZone reported a strong second quarter with a 15.8% increase in net sales, driven by a 13.8% increase in domestic same-store sales and a 32.1% increase in commercial sales. EPS increased by 49.4% to $22.30.

Net sales increased by 15.8% to $3.4 billion.

Domestic same store sales increased by 13.8%.

Commercial sales grew by 32.1%.

Diluted earnings per share increased by 49.4% to $22.30.

Total Revenue
$3.37B
Previous year: $2.91B
+15.8%
EPS
$22.3
Previous year: $14.9
+49.4%
Domestic same store sales
13.8%
Previous year: 15.2%
-9.2%
Gross margin
53%
Previous year: 53.6%
-1.1%
Operating expense ratio
34.4%
Previous year: 37%
-7.0%
Gross Profit
$53
Previous year: $1.55B
-100.0%
Cash and Equivalents
$239M
Previous year: $1.03B
-76.7%
Free Cash Flow
$256M
Previous year: $231M
+10.9%
Total Assets
$14.1B
Previous year: $14.2B
-0.6%

Autozone

Autozone

Forward Guidance

AutoZone remains committed to providing the best and safest place to shop for automotive needs and is focused on returns on capital, increasing operating earnings, and free cash flows.