AutoZone Earnings Cheat Sheet: Five Straight Quarters of Double-Digit Growth

S&P 500 (NYSE:SPY) component AutoZone, Inc (NYSE:AZO) reported its results for the fourth quarter. AutoZone, Inc. is a specialty retailer of automotive replacement parts and accessories, offering an extensive line for cars, sport utility vehicles, vans and light trucks.

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AutoZone, Inc Earnings Cheat Sheet for the Fourth Quarter

Results: Net income for the auto parts store rose to $301.5 million ($7.18 per share) vs. $268.9 million ($5.66 per share) in the same quarter a year earlier. This marks a rise of 12.1% from the year earlier quarter.

Revenue: Rose 8.1% to $2.64 billion from the year earlier quarter.

Actual vs. Wall St. Expectations: AZO beat the mean analyst estimate of $6.97 per share. Analysts were expecting revenue of $2.61 billion.

Quoting Management: ss is a direct result of the tremendous contributions of our more than 60,000 dedicated AutoZoners, and I would like to congratulate them on this exceptional performance,” said Bill Rhodes, Chairman, President and Chief Executive Officer

Key Stats:

Last quarter marked the fifth consecutive quarter of gross margins expanding as the company’s gross margin expanded 0.7 percentage point to 51.2% from the year earlier quarter. Over that span, margins have grown on average 0.5 percentage point per quarter on a year-over-year basis.

The company has now seen net income rise in three straight quarters. In the third quarter, net income rose 12.1% and in the second quarter, the figure rose 20%.

Revenue has risen the past four quarters. Revenue increased 8.6% to $1.98 billion in the third quarter. The figure rose 10.3% in the second quarter from the year earlier and climbed 12.7% in the first quarter from the year-ago quarter.

Competitors to Watch: Advance Auto Parts, Inc. (NYSE:AAP), O’Reilly Automotive, Inc. (NASDAQ:ORLY), The Pep Boys – Manny, Moe & Jack (NYSE:PBY), U.S. Auto Parts Network, Inc. (NASDAQ:PRTS), General Motors Company (NYSE:GM), Toyota Motor Corp. (NYSE:TM), Honda Motor CO., Ltd. (NYSE:HMC), Ford Motor Company (NYSE:F), CarMax (NYSE:KMX), Tesla Motors Inc (NASDAQ:TSLA), Tata Motors Limited (NYSE:TTM) and Navistar Intl. Corp. (NYSE:NAV).

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(Source: Xignite Financials)

 

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