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Earnings Calls: 
AutoZone First Quarter Earnings Call
Author: Albena Toncheva
123jump.com
Last Update: 7:58 AM EST December 06 2007


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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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Sequential Earnings Growth | Quarterly Earnings by Year | Quarterly Earnings Growth by Year

Source: Company filings    Q1:November  Q2:February  Q3:May  Q4:August
 
William T. Giles: From an overall inventory level standpoint, we’re going to continue to, because we have good leverage from an A/P’d inventory standpoint. We’re going to continue to make sure that we make appropriate investments in our inventory and as part of our category line reviews where we identify opportunities to add additional inventory to ensure that we can improve our late model coverage. At the same time, we’re going to work hard at rationalizing out our own productive inventory. These inventory levels overall are, feel good to us where we are and as we go forward we expect to stay similar to that with probably some slight investments.
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