AI English summary of an SEC filing — figures as filed
AutoZone AZOAutoZone said net sales for the 12 weeks ended May 4, 2024 rose to $4.2 billion, up 3.5% from the same period a year earlier. Operating profit increased 4.9% to $900.2 million, and diluted earnings per share rose 7.5% to $36.69.
Key points
AI summaryAutoZone said net sales for the 12 weeks ended May 4, 2024 rose to $4.2 billion, up 3.5% from the same period a year earlier. Operating profit increased 4.9% to $900.2 million, and diluted earnings per share rose 7.5% to $36.69.
The company said its gross margin for the 12 weeks was 53.5%, higher than 52.5% in the same period a year earlier. The company cited higher merchandise margins and a non-cash LIFO benefit of 15 basis points ($7.0 million net) as factors.
AutoZone said operating cash flow for the 36 weeks was $1.9 billion, the same as in the prior-year period. Share repurchases in the same period were $2.4 billion ($2.7 billion in the prior year), which the company said it funded mainly with operating cash flow and higher borrowings.
The company said capital expenditures for the 36 weeks rose to $725.9 million from $430.4 million in the same period a year earlier. It cited investments in growth initiatives, including distribution centers and stores, as the reason for the increase. Net new stores for the same period totaled 96.
Key figures
Quarter ended May 4, 2024
- Revenue
- $4.2B
- Operating income
- $900M
- Net income
- $652M
- EPS
- $36.69
- Gross profit
- $2.3B
From the XBRL financial data filed with the SEC · not processed by AI.
Summary
AI-writtenAnalysis scope · Management's discussion (MD&A)We analyzed the Management's Discussion and Analysis (MD&A) section. Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.
AutoZone 12-Week Net Sales $4.2 billion
AutoZone said net sales for the 12 weeks ended May 4, 2024 rose to $4.2 billion, up 3.5% from the same period a year earlier. Operating profit increased 4.9% to $900.2 million, and diluted earnings per share rose 7.5% to $36.69.
Source · Based on the MD&A text of the filing
AutoZone 12-Week Gross Margin 53.5%
The company said its gross margin for the 12 weeks was 53.5%, higher than 52.5% in the same period a year earlier. The company cited higher merchandise margins and a non-cash LIFO benefit of 15 basis points ($7.0 million net) as factors.
Source · Based on the MD&A text of the filing
AutoZone 36-Week Operating Cash Flow and Share Repurchases
AutoZone said operating cash flow for the 36 weeks was $1.9 billion, the same as in the prior-year period. Share repurchases in the same period were $2.4 billion ($2.7 billion in the prior year), which the company said it funded mainly with operating cash flow and higher borrowings.
Source · Based on the MD&A text of the filing
AutoZone 36-Week Capital Expenditures $725.9 million
The company said capital expenditures for the 36 weeks rose to $725.9 million from $430.4 million in the same period a year earlier. It cited investments in growth initiatives, including distribution centers and stores, as the reason for the increase. Net new stores for the same period totaled 96.
Source · Based on the MD&A text of the filing
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.
Loading the filing text…