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Aug 27, 2022
Autozone Q4 2022 Earnings Report
AutoZone reported an 8.9% increase in net sales and a 6.2% increase in domestic same store sales for the fourth quarter of fiscal year 2022.
Key Takeaways
AutoZone's Q4 2022 results showed strong performance with an 8.9% increase in net sales to $5.3 billion and a 6.2% increase in domestic same store sales. The company's commercial business grew exceptionally strong at 22%. Diluted earnings per share increased by 13.4% to $40.51.
Net sales increased by 8.9% to $5.3 billion compared to the fourth quarter of fiscal 2021.
Domestic same store sales increased by 6.2% for the quarter.
Commercial business growth was exceptionally strong at 22%.
Diluted earnings per share increased by 13.4% to $40.51 from $35.72 in the year-ago quarter.
Autozone
Autozone
Forward Guidance
AutoZone is committed to being the best place to shop for automotive needs and a great place to work, believing their initiatives will drive growth in the new fiscal year. They remain steadfast in their long-term approach to increasing operating earnings and cash flows while utilizing their balance sheet effectively.
Positive Outlook
- Commitment to being the best place to shop for automotive needs.
- Ongoing promise to be a great place to work.
- Initiatives expected to drive growth in the new fiscal year.
- Long-term, disciplined approach to increasing operating earnings.
- Effective utilization of the balance sheet.