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Aug 31, 2024
Autozone Q4 2024 Earnings Report
AutoZone reported a sales increase of 9.0% and EPS increased to $51.58.
Key Takeaways
AutoZone reported a solid fourth quarter with a 9.0% increase in net sales to $6.2 billion and a diluted earnings per share increase of 11.0% to $51.58. The company opened 117 new stores during the quarter and repurchased 244 thousand shares of its common stock.
Net sales increased by 9.0% to $6.2 billion compared to the fourth quarter of fiscal 2023.
Diluted earnings per share increased by 11.0% to $51.58.
Same store sales increased by 1.3%.
The company opened 117 new stores during the quarter.
Forward Guidance
AutoZone is focused on improving inventory availability, accelerating the domestic commercial business, growing international businesses, and delivering great customer service. The company remains committed to increasing earnings and cash flow while delivering strong shareholder value.
Positive Outlook
- Improving inventory availability
- Accelerating domestic commercial business
- Growing international businesses
- Delivering great customer service
- Increasing earnings and cash flow
Challenges Ahead
- Business is challenged by deferrals across discretionary merchandise categories domestically
- Currency rate moves slowed sales and earnings growth
- Product demand due to changes in fuel prices, miles driven or otherwise
- Weather, including extreme temperatures and natural disasters
Historical Earnings Impact
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Avg. Return Before/After Earnings
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