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Aug 28, 2021
Autozone Q4 2021 Earnings Report
AutoZone reported an increase in net sales and earnings per share for the fourth quarter of fiscal year 2021.
Key Takeaways
AutoZone reported a strong fourth quarter with net sales increasing by 8.1% to $4.9 billion and diluted earnings per share increasing by 15.5% to $35.72. Domestic same store sales increased by 4.3%, and commercial business growth was exceptionally strong at 21.2%. The company opened 76 new stores in the U.S., 29 in Mexico, and 5 in Brazil during the quarter.
Net sales increased by 8.1% to $4.9 billion compared to the fourth quarter of fiscal 2020.
Domestic same store sales increased by 4.3% for the quarter.
Diluted earnings per share increased by 15.5% to $35.72 from $30.93 in the year-ago quarter.
The company repurchased 592 thousand shares of its common stock for $900 million during the fourth quarter.
Forward Guidance
AutoZone remains committed to helping AutoZoners during these difficult times and will take nothing for granted while striving for continued sales growth in fiscal 2022. The company remains committed to its long-term, disciplined approach of increasing operating earnings and cash flow while utilizing its balance sheet effectively.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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