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May 06, 2023
Autozone Q3 2023 Earnings Report
AutoZone's third quarter performance reflected solid earnings driven by AutoZoners' dedication to customer service, despite weaker than expected sales in March.
Key Takeaways
AutoZone reported a 5.8% increase in net sales, reaching $4.1 billion for the third quarter ended May 6, 2023. EPS increased by 17.5% to $34.12, and domestic same store sales increased by 1.9%.
Net sales increased by 5.8% to $4.1 billion compared to the third quarter of fiscal 2022.
Domestic same store sales increased by 1.9% for the quarter.
Diluted earnings per share increased by 17.5% to $34.12 from $29.03 in the year-ago quarter.
The company repurchased 356 thousand shares of its common stock for $908.2 million during the third quarter.
Autozone
Autozone
Forward Guidance
AutoZone is excited about its initiatives and believes it is well positioned for future growth.