AutoZone (AZO) Reports Q4 Earnings: What Key Metrics Have to Say

Core Insights - AutoZone reported revenue of $6.21 billion for the quarter ended August 2024, reflecting a year-over-year increase of 9.1% [1] - The earnings per share (EPS) was $48.11, up from $46.46 in the same quarter last year, but fell short of the consensus estimate of $53.31, resulting in a surprise of -9.75% [1] - The revenue exceeded the Zacks Consensus Estimate of $6.18 billion by 0.37% [1] Financial Performance Metrics - Domestic same-store sales increased by 0.2%, below the average estimate of 1.5% [2] - Total same-store sales in constant currency were up 1.3%, compared to the estimated 1.6% [2] - Total square footage was reported at 49,417 Ksq ft, slightly above the average estimate of 49,231.6 Ksq ft [2] - The total number of AutoZone stores reached 7,353, exceeding the average estimate of 7,330 [2] - Domestic store count was 6,432, slightly above the estimated 6,427 [2] - Square footage per store remained at 6.72 million, matching the average estimate [2] - Net sales for auto parts were $6.09 billion, surpassing the average estimate of $6.08 billion, marking a 9% year-over-year increase [2] - Net sales from all other categories were $112.55 million, exceeding the average estimate of $107.29 million, with an 11.2% year-over-year increase [2] - Domestic commercial sales were $1.66 billion, slightly below the estimated $1.67 billion, but represented a 10.9% increase year-over-year [2] Stock Performance - AutoZone shares have declined by 3.4% over the past month, contrasting with a 1.7% increase in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [3]