AI English summary of an SEC filing — figures as filed
AutoZone AZOAutoZone said net sales for the 12-week fiscal 2025 Q1 quarter, which ended November 23, 2024, rose 2.1% to $4.3 billion from the Q1 quarter a year earlier. Total company same store sales increased 0.4%, or 1.8% on a constant currency basis, which excludes the impact of foreign exchange rate fluctuations.
Key points
AI summaryAutoZone said net sales for the 12-week fiscal 2025 Q1 quarter, which ended November 23, 2024, rose 2.1% to $4.3 billion from the Q1 quarter a year earlier. Total company same store sales increased 0.4%, or 1.8% on a constant currency basis, which excludes the impact of foreign exchange rate fluctuations.
The company said operating profit for Q1 decreased 0.9% to $841.1 million, and net income was $564.9 million, compared with $593.5 million in the same period last year. It said diluted earnings per share were $32.52, compared with $32.55 a year earlier.
AutoZone said gross profit as a percentage of sales for Q1 was 53.0%, up 16 basis points from a year earlier, and it attributed the increase to higher merchandise margins. The company said operating expenses as a percentage of sales were 33.3%, compared with 32.6% last year.
The company said it repurchased 160 thousand shares in Q1 at an average price of $3,156 per share, for a total investment of $505.2 million. As of the end of Q1, $1.7 billion remained under its current share repurchase authorization.
Summary
AI-writtenAnalysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.
AutoZone Q1 Net Sales of $4.3 billion and Same Store Sales Growth
AutoZone said net sales for the 12-week fiscal 2025 Q1 quarter, which ended November 23, 2024, rose 2.1% to $4.3 billion from the Q1 quarter a year earlier. Total company same store sales increased 0.4%, or 1.8% on a constant currency basis, which excludes the impact of foreign exchange rate fluctuations.
Source · Based on the filing body and exhibits
Operating Profit of $841.1 million, Net Income of $564.9 million
The company said operating profit for Q1 decreased 0.9% to $841.1 million, and net income was $564.9 million, compared with $593.5 million in the same period last year. It said diluted earnings per share were $32.52, compared with $32.55 a year earlier.
Source · Based on the filing body and exhibits
Gross Margin at 53.0%, Operating Expenses at 33.3% of Sales
AutoZone said gross profit as a percentage of sales for Q1 was 53.0%, up 16 basis points from a year earlier, and it attributed the increase to higher merchandise margins. The company said operating expenses as a percentage of sales were 33.3%, compared with 32.6% last year.
Source · Based on the filing body and exhibits
AutoZone Repurchases $505.2 million of Stock in Q1
The company said it repurchased 160 thousand shares in Q1 at an average price of $3,156 per share, for a total investment of $505.2 million. As of the end of Q1, $1.7 billion remained under its current share repurchase authorization.
Source · Based on the filing body and exhibits
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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