AUTOZONE Reports Positive Financial Results for Fourth Quarter of FY2023
September 21, 2023
☀️Earnings Overview
AUTOZONE ($NYSE:AZO) announced its financial results for the fourth quarter of FY2023 on August 31 2023. The company reported total revenue of USD 5690.6 million, a 6.4% increase from the same period last year, and net income of USD 864.8 million, a 6.8% year-over-year increase, for the quarter ending September 19 2023.
Market Price
The stock opened at $2448.9 and closed at $2475.1, down by 1.9% from the previous closing price of 2522.1. Despite the decline, the overall financial performance of AUTOZONE was strong. This indicates that customers are making more frequent purchases, although of smaller amounts.
Overall, AUTOZONE had a strong fourth quarter, with revenue and net income increasing significantly compared to the previous year. The company continues to focus on providing customers with quality products and services, as well as on increasing convenience through online shopping and delivery options. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Autozone. More…
| Total Revenues | Net Income | Net Margin |
| 17.46k | 2.53k | 14.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Autozone. More…
| Operations | Investing | Financing |
| 3.1k | -648.1 | -3.47k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Autozone. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 15.99k | 20.34k | -236.92 |
Key Ratios Snapshot
Some of the financial key ratios for Autozone are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 11.4% | 12.8% | 19.9% |
| FCF Margin | ROE | ROA |
| 13.6% | -50.5% | 13.6% |
Analysis
At GoodWhale, we have conducted an analysis of AUTOZONE‘s financials. After careful consideration, we have determined that AUTOZONE is a low risk investment in terms of financial and business aspects. While this is a reassuring sign for investors, GoodWhale has detected one risk warning in the balance sheet. If you’re interested in learning more about this warning, make sure to register with us and we’ll be more than happy to share the details. More…
Peers
AutoZone Inc. is an American retailer of aftermarket automotive parts and accessories, the largest in the United States. Founded in 1979, AutoZone has over 6,000 stores across the United States, Mexico, and Brazil. The company is based in Memphis, Tennessee.
AutoZone is the leading retailer of aftermarket automotive parts and accessories in the United States. With over 6,000 stores across the United States, Mexico, and Brazil, AutoZone is the go-to destination for all your automotive needs. From oil changes to new tires, AutoZone has everything you need to keep your car running smoothly.
Advance Auto Parts, Inc. is an American automotive aftermarket parts provider that is headquartered in Raleigh, North Carolina. Advance Auto Parts operates in approximately 3,700 stores and 150 Worldpac branches in the United States, Puerto Rico, and the Virgin Islands.
O’Reilly Automotive, Inc. is an American chain of auto parts stores founded in 1957 by the O’Reilly family. It operates more than 5,000 stores in 47 states.
Five Below, Inc. is an American discount store chain selling products that cost up to $5. Among the merchandise sold are toys, games, fashion accessories, bath and body products, candy, snacks, room décor, school supplies, books, and novelty items.
– O’Reilly Automotive Inc ($NASDAQ:ORLY)
O’Reilly Automotive Inc is a publicly traded company with a market cap of 46.99B as of 2022. The company has a Return on Equity of -312.91%. O’Reilly Automotive Inc is a retailer of automotive aftermarket parts, tools, and supplies in the United States. The company operates through four segments: Retail, Commercial, e-Commerce, and Other.
– Five Below Inc ($NASDAQ:FIVE)
Five Below Inc is a publicly traded company with a market capitalization of 7.79 billion as of 2022. The company has a return on equity of 18.02%. Five Below Inc is a specialty retailer that offers a variety of merchandise for teenagers and pre-teens at prices that are “five dollars and below.” The company was founded in 2002 and is headquartered in Philadelphia, Pennsylvania.
– Advance Auto Parts Inc ($NYSE:AAP)
Advance Auto Parts is a leading retailer of automotive parts and accessories in the United States. The company operates over 5,000 stores across the country and employs over 70,000 people. Advance Auto Parts is a publicly traded company on the New York Stock Exchange and has a market capitalization of over $10 billion as of 2021. The company has a strong history of profitability and has a return on equity of over 16%. Advance Auto Parts is a well-run company with a strong balance sheet and a commitment to customer satisfaction. The company is a great choice for investors looking for a stable and profitable business.
Summary
Investors in AUTOZONE have reason to be pleased with the company’s latest financial results. For the fourth quarter of FY2023, total revenue increased 6.4% year-over-year to USD 5690.6 million, while net income rose 6.8% to reach USD 864.8 million. This demonstrates AUTOZONE’s ability to increase revenue and profitability despite the challenging economic climate. The company is well-positioned for further growth, and investors should consider adding or maintaining their existing positions in AUTOZONE.
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