Autozone Q3 2020 Earnings Report

AutoZone's third quarter results were impacted COVID-19, with sales decreasing slightly and EPS decreasing by 10.0%.

Key Takeaways

AutoZone reported a slight decrease in net sales and a decrease in diluted earnings per share for the third quarter. The company experienced significant sales fluctuations due to the COVID-19 pandemic, but took actions to strengthen liquidity and preserve cash.

Net sales decreased by 0.1% to $2.8 billion.

Domestic same store sales decreased by 1.0%.

Diluted earnings per share decreased by 10.0% to $14.39.

The company temporarily suspended its share repurchase program and closed on an additional $750 million 364-day senior unsecured revolving credit facility.

Total Revenue

$2.78B

Previous year: $2.78B

Total Company Same Store Sales

-1%

Gross Profit as % of Sales

53.6%