AutoZone, Inc. (NYSE: AZO) Earnings Report Highlights

Core Insights - AutoZone reported earnings per share (EPS) of $31.04, slightly below the estimated $32.24, with net sales reaching $4.6 billion, an 8.2% increase from the previous year [2][6] - The company's gross profit margin decreased by 203 basis points to 51.0%, primarily due to a non-cash LIFO impact [3][6] - Operating expenses rose to 34.0% of sales, leading to a 6.8% decline in operating profit to $784.2 million, and net income fell to $530.8 million from $564.9 million year-over-year [4] Financial Metrics - AutoZone's price-to-earnings (P/E) ratio is approximately 25.46, with a price-to-sales ratio of about 3.28 and an enterprise value to sales ratio of around 3.90 [5] - The company has a negative debt-to-equity ratio of -3.57, indicating a higher level of debt compared to equity [5]