AutoZone Reports Strong Q4 Earnings, Beating Estimates by $0.94 and $10M in Revenue

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AUTOZONE ($NYSE:AZO): AutoZone, a leading automotive parts retailer, reported strong fourth quarter earnings that beat analysts’ expectations. The company reported GAAP earnings per share of $32.55, exceeding estimates by $0.94, and revenue of $4.2B, exceeding estimates by $10M. This marks an impressive quarter for AutoZone as they continue to expand their presence in the automotive parts retail market. In addition to offering a wide selection of parts, AutoZone also provides its customers with helpful tools such as a vehicle identification number (VIN) lookup and online repair manuals.

The strong fourth quarter earnings reported by AutoZone reflect their success in the industry and solidifies their position among the top retailers in the automotive parts market. With this momentum, AutoZone looks to continue growing and increasing its presence in the market.

Earnings

AUTOZONE, a leading auto parts retailer, has reported strong financial results for the fourth quarter of FY2023, ending on August 31 2021. This represented a decrease of 8.1% in total revenue and 3.0% in net income when compared to the previous year. This suggests that despite the decrease in its fourth quarter financial performance, the company is still on track for future growth.

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Autozone. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Autozone. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Autozone. More…

Key Ratios Snapshot

Some of the financial key ratios for Autozone are shown below. More…

Price History

The company’s stock price opened at $2700.0 and closed at $2671.1, which is up 0.3% from the previous closing price of $2664.1. AutoZone_Reports_Strong_Q4_Earnings_Beating_Estimates_by_0.94_and_10M_in_Revenue”>Live Quote…

Analysis

At GoodWhale, we have conducted an analysis of AUTOZONE‘s financials and classified them as a ‘gorilla’ based on the Star Chart. A gorilla is a type of company that has achieved steady and high revenue or earnings growth due to its strong competitive advantage. This makes them attractive to investors who are looking for a company that has strong growth potential and profitability. AUTOZONE has a high health score of 8/10, which is indicative of their ability to pay off debt and fund future operations. This shows that the company has strong cashflows and debt management capabilities. In terms of assets, AUTOZONE performs moderately. They are weak in terms of dividends, however, this could be an opportunity for investors who are looking for long-term returns. The company’s good financial health score and ability to pay off debt and fund future operations makes it an attractive investment option. 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

The company reported recent Q4 earnings of $32.55 GAAP EPS, which beat analyst expectations by $0.94. Revenue for the quarter was $4.2B, beating forecasts by $10M. Going forward, investors can expect to see AutoZone continue to drive top-line growth as well as focus on reducing costs and enhancing its customer experience.