AutoZone Third Quarter Earnings Call
22nd May 2008 00:00 AM |
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| Earnings rose 5% to $158.6 million, as higher commercial auto parts sales and improved efficiencies countered higher operating expenses. |
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| The auto parts retailer’s revenue rose 3% to $1.52 billion, from $1.47 billion in the prior-year period. Supply chain efficiency improved, but was partially offset by higher shrink expense. Domestic same store sales fell 0.3%. Sales to retail customers rose 1.5%, while sales to commercial customers gained 6.3%. AutoZone opened 32 new U.S. stores and replaced three others. |
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Autozone Second Quarter Earnings Call
5th March 2008 00:00 AM |
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| Net income was $107 million or $1.67 a share up 3.6% from $103 million or $1.45 a share in the prior year due to revenue growth. |
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| The retailer and a leading distributor of automotive replacement parts and accessories reported a 3% growth in sales to $1.339 billion, from $1.3 billion in the prior year though same store sales or sales for stores open more than one year were down 0.3%. The firm generated $126 million of operating cash flow and did not repurchase any AutoZone stock as part of the ongoing stock repurchase program. |
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AutoZone First Quarter Earnings Call
6th December 2007 00:00 AM |
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| Increased sales of higher margin products pushed the net income up to $132.5 million as against $123.9 million in the previous year. |
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| The specialty retailer of automotive replacement parts and accessories reported revenue of $1.46 billion, an increase of 5% over $1.39 billion in prior year. During the quarter, margins continued to benefit from the ongoing category management initiatives, direct import efforts, and slight sales shift mix toward higher-margin application parts. In 1Q, AutoZone opened 40 new stores, bringing the total store count to 3,972. |
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AutoZone Fourth Quarter Earnings Call
20th September 2007 00:00 AM |
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| AutoZone reported profit of $217.2 million or $3.23 per share, up almost 2% from $213.5 million or $2.92 per share in the previous year. |
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| The leading auto parts retailer of the US recorded 3.3% year over year increase in sales to $2 billion, despite 0.2% decline in the same store sales. During the quarter, AutoZone witnessed improvement in gross margin due to ongoing category management efforts as well as supply chain efficiencies. The company transitioned away from its formal supply chain agreement with Midas Corp and it is working diligently to continue to earn the Hot Shot business from the Midas franchisees. |
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AutoZone Third Quarter Earnings Call
4th June 2007 00:00 AM |
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| Net income increased 5% to $151.6 million or $2.17 per share compared to the prior year quarter. |
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| The leading retailer of the auto parts reported that its revenue grew 4% over last year to $1.474 billion. AutoZone opened 33 new stores in the quarter, taking the total to 3,881 stores in 48 states and Puerto Rico. The firm has substantially completed the rollout of the line reviews as it expected and added more hard parts coverage into its stores than it has in years. The company experienced weak sales in April, due to cold weather and higher gas prices. |
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