AutoZone's Q1 Revenue Growth of 5.1% YoY to $4.2B, Domestic Same Store Sales Increase of 1.2%, EPS of $32.55
Portfolio Pulse from Benzinga Newsdesk
AutoZone, Inc. (NYSE:AZO) reported a 5.1% increase in Q1 revenue to $4.2 billion, with domestic same store sales up 1.2%. International sales saw a significant rise of 25.1% in constant currency. Gross profit margin improved to 52.8%, and net income rose 10.0% to $593.5 million. EPS was $32.55, an 18.6% increase from the previous year. The growth was attributed to non-cash LIFO favorability, favorable supply chain costs, and higher merchandise margins.
December 05, 2023 | 11:58 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
AutoZone's Q1 report shows strong revenue growth, improved gross profit margin, and a significant increase in EPS, indicating a positive performance that could lead to a favorable short term impact on the stock price.
The reported increase in revenue and EPS, along with improved gross profit margins, are key performance indicators that investors look for. The positive figures in AutoZone's Q1 report are likely to instill confidence in investors, potentially leading to an increase in stock price in the short term. The relevance and importance are high as these figures directly reflect the company's financial health and operational efficiency.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100