AutoZone, Inc. (NYSE: AZO) today reported net sales of $5.7 billion
for its fourth quarter (16 weeks) ended August 26, 2023, an
increase of 6.4% from the fourth quarter of fiscal 2022 (16 weeks).
Same store sales, or sales for our domestic and international
stores open at least one year, are as follows:
|
|
|
Constant Currency |
|
|
|
Constant Currency |
|
16 Weeks |
|
16 Weeks* |
|
52 Weeks |
|
52 Weeks* |
|
|
|
|
|
|
|
|
Domestic |
1.7% |
|
1.7% |
|
3.4% |
|
3.4% |
International |
34.1% |
|
14.9% |
|
29.3% |
|
17.5% |
Total Company |
4.5% |
|
2.8% |
|
5.6% |
|
4.6% |
* Excludes impacts from fluctuations of foreign exchange
rates. |
For the quarter, gross profit, as a percentage of sales, was
52.7%, an increase of 118 basis points versus the prior year. The
increase in gross margin was impacted by an 81 basis point ($45
million net) non-cash LIFO benefit, with the remaining leverage
primarily from merchandise margins. Operating expenses, as a
percentage of sales, were 31.2% versus last year at 30.9%.
Operating profit increased 10.8% to $1.2 billion. Net income for
the quarter increased 6.8% over the same period last year to $864.8
million, while diluted earnings per share increased 14.7% to $46.46
from $40.51 in the year-ago quarter.
For the fiscal year ended August 26, 2023, sales were $17.5
billion, an increase of 7.4% from the prior year. Gross profit, as
a percentage of sales, was 52.0% versus 52.1%. The decrease in
gross margin was impacted by a 16 basis point ($29 million net)
non-cash net LIFO charge. Operating expenses, as a percentage of
sales, were 32.1% versus 32.0%. For fiscal 2023, net income
increased 4.1% to $2.5 billion and diluted earnings per share
increased 12.9% to $132.36 from $117.19.
Under its share repurchase program, AutoZone repurchased 403
thousand shares of its common stock during the fourth quarter, at
an average price per share of $2,502, for a total investment of
$1.0 billion. For the fiscal year, the Company repurchased 1.5
million shares of its common stock, at an average price of $2,443,
for a total investment of $3.7 billion. Excise tax on shares
repurchased, assessed at one percent of the fair market value of
net shares repurchased, was $9.7 million for the fourth quarter and
$23.7 million for the fiscal year. Since the inception of the share
repurchase program, the Company has repurchased a total of 154
million shares of its common stock, at an average price of $219,
for a total investment of $33.8 billion. At year end, the Company
had $1.8 billion remaining under its current share repurchase
authorization.
The Company’s inventory increased 2.2% over the same period last
year driven by new store growth. Net inventory, defined as
merchandise inventories less accounts payable, on a per store
basis, was negative $201 thousand versus negative $240 thousand
last year and negative $215 thousand last quarter.
“I would like to congratulate and thank our entire organization
for the solid performance they delivered in our fourth quarter and
fiscal year. Our customer service and trustworthy advice are
what continue to differentiate us across the industry, and our
AutoZoners’ commitment to delivering exceptional service has
allowed us to continue to deliver strong financial results. While
we started this quarter slowly, we saw improvements in the back
half of our quarter. Despite lower than expected growth in domestic
Commercial, we believe that the initiatives we have in place and
are implementing will drive stronger growth in fiscal 2024.
Additionally, we continued to be pleased with our International
stores’ performance and we are excited about future growth
prospects across both Mexico and Brazil. While we turn our focus to
performance in the new fiscal year, we will remain committed to
prudently investing capital in our business, and we will be
steadfast in our long-term, disciplined approach to increasing
operating earnings and cash flows while utilizing our balance sheet
effectively,” said Bill Rhodes, Chairman, President and Chief
Executive Officer.
During the quarter ended August 26, 2023, AutoZone opened 53 new
stores and closed one in the U.S., and 27 new stores in Mexico and
17 in Brazil for a total of 96 net new stores. For the year, the
Company opened 197 net new stores. As of August 26, 2023, the
Company had 6,300 stores in the U.S., 740 in Mexico and 100 in
Brazil for a total store count of 7,140.
AutoZone is the leading retailer and distributor of automotive
replacement parts and accessories in the Americas. Each store
carries an extensive product line for cars, sport utility vehicles,
vans and light duty trucks, including new and remanufactured
automotive hard parts, maintenance items, accessories, and
non-automotive products. The majority of stores have a commercial
sales program that provides commercial credit and prompt delivery
of parts and other products to local, regional and national repair
garages, dealers, service stations, fleet owners and other
accounts. AutoZone also sells automotive hard parts, maintenance
items, accessories and non-automotive products through
www.autozone.com, and our commercial customers can make purchases
through www.autozonepro.com. Additionally, we sell the ALLDATA
brand of automotive diagnostic, repair, collision and shop
management software through www.alldata.com. We also provide
product information on our Duralast branded products through
www.duralastparts.com. AutoZone does not derive revenue from
automotive repair or installation services.
AutoZone will host a conference call this morning, Tuesday,
September 19, 2023, beginning at 10:00 a.m. (ET) to discuss its
fourth quarter results. This call is being web cast and can be
accessed, along with supporting slides, at AutoZone’s website at
www.autozone.com and clicking on Investor Relations. Investors may
also listen to the call by dialing (888) 506-0062, passcode
AUTOZONE. In addition, a telephone replay will be available by
dialing (877) 481-4010, replay passcode 48676 through October 3,
2023.
This release includes certain financial information not derived
in accordance with generally accepted accounting principles
(“GAAP”). These non-GAAP measures include adjustments to reflect
return on invested capital, adjusted debt and adjusted debt to
EBITDAR. The Company believes that the presentation of these
non-GAAP measures provides information that is useful to investors
as it indicates more clearly the Company’s comparative year-to-year
operating results, but this information should not be considered a
substitute for any measures derived in accordance with GAAP.
Management targets the Company’s capital structure in order to
maintain its investment grade credit ratings. The Company believes
this is important information for the management of its debt levels
and share repurchases. We have included a reconciliation of this
additional information to the most comparable GAAP measures in the
accompanying reconciliation tables.
Certain statements contained herein constitute forward-looking
statements that are subject to the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995. Forward-looking
statements typically use words such as “believe,” “anticipate,”
“should,” “intend,” “plan,” “will,” “expect,” “estimate,”
“project,” “positioned,” “strategy,” “seek,” “may,” “could” and
similar expressions. These are based on assumptions and assessments
made by our management in light of experience and perception of
historical trends, current conditions, expected future developments
and other factors that we believe to be appropriate. These
forward-looking statements are subject to a number of risks and
uncertainties, including without limitation: product demand, due to
changes in fuel prices, miles driven or otherwise; energy prices;
weather, including extreme temperatures, natural disasters and
general weather conditions; competition; credit market conditions;
cash flows; access to available and feasible financing on favorable
terms; future stock repurchases; the impact of recessionary
conditions; consumer debt levels; changes in laws or regulations;
risks associated with self-insurance; war and the prospect of war,
including terrorist activity; the impact of public health issues;
inflation, including wage inflation; the ability to hire, train and
retain qualified employees; construction delays; failure or
interruption of our information technology systems; issues relating
to the confidentiality, integrity or availability of information,
including due to cyber-attacks; historic growth rate
sustainability; downgrade of our credit ratings; damage to our
reputation; challenges associated with doing business in and
expanding into international markets; origin and raw material costs
of suppliers; inventory availability; disruption in our supply
chain; impact of tariffs; impact of new accounting standards; our
ability to execute our growth initiatives; and other business
interruptions. Certain of these risks and uncertainties are
discussed in more detail in the “Risk Factors” section contained in
Item 1A under Part 1 of the Company’s Annual Report on Form 10-K
for the year ended August 27, 2022, and Part II, Item 1A, of our
Quarterly Report on Form 10-Q for the quarterly period ended
November 19, 2022. These Risk Factors should be read carefully.
Forward-looking statements are not guarantees of future performance
and actual results, developments and business decisions may differ
from those contemplated by such forward-looking statements. Events
described above and in the “Risk Factors” could materially and
adversely affect our business. However, it should be understood
that it is not possible to identify or predict all such risks and
other factors that could affect these forward-looking statements.
Forward-looking statements speak only as of the date made. Except
as required by applicable law, we undertake no obligation to update
publicly any forward-looking statements, whether as a result of new
information, future events or otherwise.
Contact Information:Financial: Brian Campbell at (901) 495-7005,
brian.campbell@autozone.comMedia: David McKinney at (901) 495-7951,
david.mckinney@autozone.com
|
AutoZone's 4th Quarter Highlights - Fiscal
2023 |
|
|
|
|
|
Condensed Consolidated Statements of
Operations |
|
|
4th Quarter, FY2023 |
|
|
|
|
(in thousands, except per share data) |
|
|
|
|
|
|
GAAP Results |
|
|
16 Weeks
Ended |
|
16 Weeks
Ended |
|
|
August 26, 2023 |
|
August 27, 2022 |
|
|
|
|
|
Net sales |
|
$ |
5,690,618 |
|
|
$ |
5,348,355 |
|
Cost of sales |
|
|
2,690,947 |
|
|
|
2,592,505 |
|
Gross profit |
|
|
2,999,671 |
|
|
|
2,755,850 |
|
Operating, SG&A expenses |
|
|
1,777,175 |
|
|
|
1,652,036 |
|
Operating profit (EBIT) |
|
|
1,222,496 |
|
|
|
1,103,814 |
|
Interest expense, net |
|
|
108,727 |
|
|
|
63,995 |
|
Income before taxes |
|
|
1,113,769 |
|
|
|
1,039,819 |
|
Income tax expense |
|
|
248,928 |
|
|
|
229,777 |
|
Net income |
|
$ |
864,841 |
|
|
$ |
810,042 |
|
Net income per share: |
|
|
|
|
Basic |
|
$ |
47.83 |
|
|
$ |
41.81 |
|
Diluted |
|
$ |
46.46 |
|
|
$ |
40.51 |
|
Weighted average shares outstanding: |
|
|
|
|
Basic |
|
|
18,080 |
|
|
|
19,373 |
|
Diluted |
|
|
18,613 |
|
|
|
19,996 |
|
|
|
|
|
|
Fiscal Year 2023 |
|
|
|
|
(in thousands, except per share data) |
|
|
|
|
|
|
GAAP Results |
|
|
52 Weeks
Ended |
|
52 Weeks
Ended |
|
|
August 26, 2023 |
|
August 27, 2022 |
|
|
|
|
|
Net sales |
|
$ |
17,457,209 |
|
|
$ |
16,252,230 |
|
Cost of sales |
|
|
8,386,787 |
|
|
|
7,779,580 |
|
Gross profit |
|
|
9,070,422 |
|
|
|
8,472,650 |
|
Operating, SG&A expenses |
|
|
5,596,436 |
|
|
|
5,201,921 |
|
Operating profit (EBIT) |
|
|
3,473,986 |
|
|
|
3,270,729 |
|
Interest expense, net |
|
|
306,372 |
|
|
|
191,638 |
|
Income before taxes |
|
|
3,167,614 |
|
|
|
3,079,091 |
|
Income tax expense |
|
|
639,188 |
|
|
|
649,487 |
|
Net income |
|
$ |
2,528,426 |
|
|
$ |
2,429,604 |
|
Net income per share: |
|
|
|
|
Basic |
|
$ |
136.60 |
|
|
$ |
120.83 |
|
Diluted |
|
$ |
132.36 |
|
|
$ |
117.19 |
|
Weighted average shares outstanding: |
|
|
|
|
Basic |
|
|
18,510 |
|
|
|
20,107 |
|
Diluted |
|
|
19,103 |
|
|
|
20,733 |
|
|
|
|
|
|
Selected Balance Sheet Information |
|
|
|
|
(in thousands) |
|
|
|
|
|
|
August 26, 2023 |
|
August 27, 2022 |
|
|
|
|
|
Cash and cash equivalents |
|
$ |
277,054 |
|
|
$ |
264,380 |
|
Merchandise inventories |
|
|
5,764,143 |
|
|
|
5,638,004 |
|
Current assets |
|
|
6,779,426 |
|
|
|
6,627,984 |
|
Property and equipment, net |
|
|
5,596,548 |
|
|
|
5,170,419 |
|
Operating lease right-of-use assets |
|
|
2,998,097 |
|
|
|
2,918,817 |
|
Total assets |
|
|
15,985,878 |
|
|
|
15,275,043 |
|
Accounts payable |
|
|
7,201,281 |
|
|
|
7,301,347 |
|
Current liabilities |
|
|
8,511,856 |
|
|
|
8,588,393 |
|
Operating lease liabilities, less current portion |
|
|
2,917,046 |
|
|
|
2,837,973 |
|
Total debt |
|
|
7,668,549 |
|
|
|
6,122,092 |
|
Stockholders' deficit |
|
|
(4,349,894 |
) |
|
|
(3,538,913 |
) |
Working capital |
|
|
(1,732,430 |
) |
|
|
(1,960,409 |
) |
|
|
|
|
|
AutoZone's 4th Quarter Highlights - Fiscal
2023 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Condensed Consolidated Statements of
Operations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Adjusted Debt / EBITDAR |
|
|
|
|
|
|
|
|
|
(in thousands, except adjusted debt to EBITDAR ratio) |
|
|
|
|
|
|
|
|
|
|
|
52 Weeks
Ended |
|
|
|
|
|
|
|
August 26, 2023 |
|
August 27, 2022 |
|
|
|
|
|
Net income |
|
$ |
2,528,426 |
|
|
$ |
2,429,604 |
|
|
|
|
|
|
Add: Interest expense |
|
|
306,372 |
|
|
|
191,638 |
|
|
|
|
|
|
Income tax expense |
|
|
639,188 |
|
|
|
649,487 |
|
|
|
|
|
|
EBIT |
|
|
3,473,986 |
|
|
|
3,270,729 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Add: Depreciation and amortization |
|
|
497,577 |
|
|
|
442,223 |
|
|
|
|
|
|
Rent expense(1) |
|
|
406,398 |
|
|
|
373,278 |
|
|
|
|
|
|
Share-based expense |
|
|
93,087 |
|
|
|
70,612 |
|
|
|
|
|
|
EBITDAR |
|
$ |
4,471,048 |
|
|
$ |
4,156,842 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt |
|
$ |
7,668,549 |
|
|
$ |
6,122,092 |
|
|
|
|
|
|
Financing lease liabilities |
|
|
287,618 |
|
|
|
310,305 |
|
|
|
|
|
|
Add: Rent x 6(1) |
|
|
2,438,388 |
|
|
|
2,239,668 |
|
|
|
|
|
|
Adjusted debt |
|
$ |
10,394,555 |
|
|
$ |
8,672,065 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Adjusted debt to EBITDAR |
|
|
2.3 |
|
|
|
2.1 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Adjusted Return on Invested Capital (ROIC) |
|
|
|
|
|
|
|
|
|
(in thousands, except ROIC) |
|
|
|
|
|
|
|
|
|
|
|
52 Weeks
Ended |
|
|
|
|
|
|
|
August 26, 2023 |
|
August 27, 2022 |
|
|
|
|
|
Net income |
|
$ |
2,528,426 |
|
|
$ |
2,429,604 |
|
|
|
|
|
|
Adjustments: |
|
|
|
|
|
|
|
|
|
Interest expense |
|
|
306,372 |
|
|
|
191,638 |
|
|
|
|
|
|
Rent expense(1) |
|
|
406,398 |
|
|
|
373,278 |
|
|
|
|
|
|
Tax effect(2) |
|
|
(143,980 |
) |
|
|
(119,197 |
) |
|
|
|
|
|
Adjusted after-tax return |
|
$ |
3,097,216 |
|
|
$ |
2,875,323 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Average debt(3) |
|
$ |
6,900,354 |
|
|
$ |
5,712,301 |
|
|
|
|
|
|
Average stockholders' deficit(3) |
|
|
(4,042,495 |
) |
|
|
(2,797,181 |
) |
|
|
|
|
|
Add: Rent x 6(1) |
|
|
2,438,388 |
|
|
|
2,239,668 |
|
|
|
|
|
|
Average financing lease liabilities(3) |
|
|
296,599 |
|
|
|
284,453 |
|
|
|
|
|
|
Invested capital |
|
$ |
5,592,846 |
|
|
$ |
5,439,241 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Adjusted After-Tax ROIC |
|
|
55.4 |
% |
|
|
52.9 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(1) The table below outlines the calculation of rent expense and
reconciles rent expense to total lease cost, per ASC 842, the most
directly comparable GAAP financial measure, for the 52 weeks ended
August 26, 2023 and August 27, 2022, respectively |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
52 Weeks
Ended |
|
|
|
|
|
(in thousands) |
|
August 26, 2023 |
|
August 27, 2022 |
|
|
|
|
|
Total lease cost, per ASC 842 |
|
$ |
524,283 |
|
|
$ |
470,563 |
|
|
|
|
|
|
Less: Financing lease interest and amortization |
|
|
(86,521 |
) |
|
|
(69,564 |
) |
|
|
|
|
|
Less: Variable operating lease components, related to insurance and
common area maintenance |
|
|
(31,364 |
) |
|
|
(27,721 |
) |
|
|
|
|
|
|
|
Rent expense |
|
$ |
406,398 |
|
|
$ |
373,278 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(2) Effective tax rate for fiscal 2023 and 2022 was 20.2% and
21.1%, respectively |
|
|
|
|
|
(3)All averages are computed based on trailing five quarter
balances |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other Selected Financial Information |
|
|
|
|
|
|
|
|
|
(in thousands) |
|
|
|
|
|
|
|
|
|
|
|
August 26, 2023 |
|
August 27, 2022 |
|
|
|
|
|
Cumulative share repurchases ($ since fiscal 1998) |
|
$ |
33,815,711 |
|
|
$ |
30,092,422 |
|
|
|
|
|
|
Remaining share repurchase authorization ($) |
|
|
1,834,289 |
|
|
|
1,057,578 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cumulative share repurchases (shares since fiscal 1998) |
|
|
154,032 |
|
|
|
152,508 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Shares outstanding, end of quarter |
|
|
17,857 |
|
|
|
19,126 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
16 Weeks
Ended |
|
16 Weeks
Ended |
|
52 Weeks
Ended |
|
52 Weeks
Ended |
|
|
|
August 26, 2023 |
|
August 27, 2022 |
|
August 26, 2023 |
|
August 27, 2022 |
|
|
|
|
|
|
|
|
|
|
|
Depreciation and amortization |
|
$ |
158,490 |
|
|
$ |
140,858 |
|
|
$ |
497,577 |
|
|
$ |
442,223 |
|
|
|
|
|
|
|
|
|
|
|
|
Cash flow from operations |
|
|
1,068,012 |
|
|
|
1,228,021 |
|
|
|
2,940,788 |
|
|
|
3,211,135 |
|
|
|
|
|
|
|
|
|
|
|
|
Capital spending |
|
|
366,216 |
|
|
|
303,041 |
|
|
|
796,657 |
|
|
|
672,391 |
|
|
|
|
|
|
|
|
|
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AutoZone's 4th Quarter Highlights - Fiscal
2023 |
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Condensed Consolidated Statements of
Operations |
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Selected Operating Highlights |
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Store Count & Square Footage |
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16 Weeks
Ended |
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16 Weeks
Ended |
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52 Weeks
Ended |
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52 Weeks
Ended |
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August 26, 2023 |
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August 27, 2022 |
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August 26, 2023 |
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August 27, 2022 |
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Domestic: |
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Beginning stores |
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6,248 |
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6,115 |
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6,168 |
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6,051 |
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Stores opened |
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53 |
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53 |
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133 |
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118 |
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Stores closed |
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(1 |
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- |
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(1 |
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(1 |
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Ending domestic stores |
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6,300 |
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6,168 |
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6,300 |
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6,168 |
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Relocated stores |
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7 |
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5 |
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12 |
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13 |
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Stores with commercial programs |
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5,682 |
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5,342 |
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5,682 |
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5,342 |
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Square footage (in thousands) |
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41,635 |
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40,653 |
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41,635 |
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40,653 |
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Mexico: |
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Beginning stores |
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713 |
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673 |
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703 |
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664 |
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Stores opened |
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27 |
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30 |
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37 |
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39 |
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Ending Mexico stores |
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740 |
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703 |
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740 |
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703 |
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Brazil: |
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Beginning stores |
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83 |
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58 |
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72 |
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52 |
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Stores opened |
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17 |
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14 |
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28 |
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20 |
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Ending Brazil stores |
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100 |
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72 |
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100 |
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72 |
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Total |
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7,140 |
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6,943 |
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7,140 |
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6,943 |
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Total Company stores opened, net |
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96 |
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97 |
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197 |
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176 |
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Square footage (in thousands) |
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47,899 |
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46,435 |
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47,899 |
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46,435 |
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Square footage per store |
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6,709 |
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6,688 |
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6,709 |
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6,688 |
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Sales Statistics |
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($ in thousands, except sales per average square foot) |
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16 Weeks
Ended |
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16 Weeks
Ended |
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52 Weeks
Ended |
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52 Weeks
Ended |
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Total AutoZone Stores (Domestic, Mexico and
Brazil) |
August 26, 2023 |
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August 27, 2022 |
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August 26, 2023 |
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August 27, 2022 |
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Sales per average store |
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$ |
788 |
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$ |
762 |
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$ |
2,435 |
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$ |
2,329 |
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Sales per average square foot |
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$ |
118 |
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$ |
114 |
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$ |
363 |
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$ |
349 |
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Auto Parts (Domestic, Mexico and Brazil) |
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Total auto parts sales |
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$ |
5,589,429 |
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$ |
5,256,176 |
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$ |
17,145,137 |
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$ |
15,963,196 |
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% Increase vs. LY |
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6.3 |
% |
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8.8 |
% |
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7.4 |
% |
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11.0 |
% |
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Domestic Commercial |
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Total domestic commercial sales |
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$ |
1,499,040 |
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$ |
1,442,313 |
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$ |
4,598,456 |
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$ |
4,230,414 |
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% Increase vs. LY |
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3.9 |
% |
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22.0 |
% |
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8.7 |
% |
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26.5 |
% |
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Average sales per program per week |
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$ |
16.7 |
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$ |
17.0 |
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$ |
16.0 |
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$ |
15.5 |
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% Increase vs. LY |
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(1.8 |
%) |
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18.1 |
% |
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3.2 |
% |
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23.0 |
% |
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All Other, including ALLDATA |
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All other sales |
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$ |
101,189 |
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$ |
92,179 |
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$ |
312,072 |
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$ |
289,034 |
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% Increase vs. LY |
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9.8 |
% |
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10.6 |
% |
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8.0 |
% |
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16.6 |
% |
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16 Weeks
Ended |
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16 Weeks
Ended |
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52 Weeks
Ended |
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52 Weeks
Ended |
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Same store sales (4) |
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August 26, 2023 |
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August 27, 2022 |
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August 26, 2023 |
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August 27, 2022 |
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Domestic |
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1.7 |
% |
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6.2 |
% |
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3.4 |
% |
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8.4 |
% |
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International |
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34.1 |
% |
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18.0 |
% |
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29.3 |
% |
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19.1 |
% |
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Total Company |
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4.5 |
% |
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7.1 |
% |
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5.6 |
% |
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9.2 |
% |
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International - Constant Currency |
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14.9 |
% |
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19.0 |
% |
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17.5 |
% |
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19.2 |
% |
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Total Company - Constant Currency |
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2.8 |
% |
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7.2 |
% |
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4.6 |
% |
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9.2 |
% |
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(4) Same store sales
are based on sales for all stores open at least one year. Constant
Currency same store sales exclude the impact of fluctuations of
foreign currency exchange rates by converting both the current year
and prior year international results at the prior year foreign
currency exchange rate. |
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Inventory Statistics (Total Stores) |
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as
of |
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as
of |
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August 26, 2023 |
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August 27, 2022 |
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Accounts payable/inventory |
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124.9 |
% |
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129.5 |
% |
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($ in thousands) |
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Inventory |
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$ |
5,764,143 |
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$ |
5,638,004 |
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Inventory per store |
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807 |
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812 |
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Net inventory (net of payables) |
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(1,437,138 |
) |
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(1,663,343 |
) |
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Net inventory/per store |
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(201 |
) |
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(240 |
) |
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Trailing 5
Quarters |
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August 26, 2023 |
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August 27, 2022 |
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Inventory turns |
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1.5 |
x |
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1.5 |
x |
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AutoZone (NYSE:AZO)
Gráfica de Acción Histórica
De May 2024 a Jun 2024
AutoZone (NYSE:AZO)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024