AutoZone Q2 Total Company Same Store Sales +1.5% (Excl. Currency), Domestic Same Store Sales +0.3%
Portfolio Pulse from Benzinga Newsdesk
AutoZone reported a Q2 total company same store sales increase of 1.5% excluding currency impacts, with domestic same store sales rising by 0.3%. International sales saw a significant increase, with a 23.9% rise in the 12-week period and 24.5% over 24 weeks, adjusted to 10.6% and 10.7% respectively when excluding foreign exchange rate fluctuations.
February 27, 2024 | 11:57 am
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POSITIVE IMPACT
AutoZone's Q2 earnings report shows a modest increase in domestic same store sales and a significant rise in international sales, leading to a total company same store sales growth of 1.5% excluding currency impacts.
The reported growth in both domestic and international sales, especially the significant increase in international sales, indicates a strong performance by AutoZone in Q2. This positive earnings report is likely to instill investor confidence and could lead to a short-term increase in AutoZone's stock price. The detailed breakdown of sales growth, including the exclusion of currency impacts, provides a clear picture of the company's operational success.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100