- AutoZone Inc AZO reported first-quarter FY22 sales growth of 16.3% year-on-year, to $3.67 billion, beating the analyst consensus of $3.37 billion.
- EPS of $25.69 beat the analyst consensus of $20.87.
- Domestic same-store sales for the quarter increased 13.6%.
- The gross margin decreased 65 basis points Y/Y to 52.5%. The operating margin was 20.6%, and operating income for the quarter rose 22.6% to $754.5 million.
- AutoZone held $961.1 million in cash and equivalents as of November 20, 2021. Adjusted debt totaled $7.6 billion.
- The company had $1.018 billion remaining under its current share repurchase authorization at the end of the quarter.
- Price Action: AZO shares are trading higher by 2.61% at $1,929 in premarket on the last check Tuesday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
