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Feb 11, 2023
Autozone Q2 2023 Earnings Report
AutoZone reported a net sales increase of 9.5% and a same store sales increase of 5.3%.
Key Takeaways
AutoZone reported a solid second quarter with a 5.3% increase in same store sales, building on the previous year's 13.8% growth. Net sales increased by 9.5% to $3.7 billion, and diluted earnings per share rose by 10.5% to $24.64.
Same store sales increased by 5.3% during the quarter.
Net sales reached $3.7 billion, up 9.5% from the prior year.
Diluted earnings per share increased by 10.5% to $24.64.
The company repurchased 372 thousand shares for $906.0 million.
Forward Guidance
AutoZone is focused on relentless execution and will continue to focus its capital on projects that meet or exceed its return on capital targets. They will also continue to focus on increasing operating earnings and free cash flows while using their balance sheet effectively.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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