AutoZone Inc
AZO
$3 822.66 -0.46%
Exchange: NYSE | Sector: Consumer Cyclical | Industry: Auto Parts
Q4 2024
Published: Oct 28, 2024

Earnings Highlights

  • Revenue of $6.21B up 48.1% year-over-year
  • EPS of $51.88 increased by 58.1% from previous year
  • Gross margin of 52.5%
  • Net income of 902.21M
  • "reaccelerate our new hub and mega-hub openings; effectively and efficiently open our new distribution centers and optimize our direct import facility; ramp-up our domestic and international store growth; and most importantly, reaccelerate our domestic commercial sales growth and continue to gain market share on DIY." - Phil Daniele
AZO
Company AZO

Executive Summary

AutoZone reported a solid QQ4 2024, with total sales of $6.205B and diluted EPS of $51.58, up 9% and 11% respectively on the quarter. On a 16-week basis, the quarter implied a 2.6% year-over-year increase in sales, with domestic DIY roughly flat and domestic DIFM up 10.9%, while international comps rose about 9.9% in constant currency. The quarter benefited from a favorable 53rd week in the fiscal year, but foreign exchange headwinds reduced reported international sales and EPS. Full-year 2024 results showed sales of $18.5B and EPS of $149.55, up 5.9% and 13%, respectively. AutoZone generated strong cash flow, delivering $723M of free cash flow in Q4 and $1.9B for the year, and repurchased $711M of stock in the quarter, with roughly $2.2B remaining under the current buyback authorization.

Key Performance Indicators

Revenue
Increasing
6.21B
QoQ: 46.51% | YoY: 48.09%
Gross Profit
Increasing
3.26B
52.50% margin
QoQ: 43.80% | YoY: 47.15%
Operating Income
Increasing
1.30B
QoQ: 44.05% | YoY: 52.80%
Net Income
Increasing
902.21M
QoQ: 38.43% | YoY: 52.02%
EPS
Increasing
52.98
QoQ: 40.42% | YoY: 58.10%

Revenue Trend

Margin Analysis

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
Q3 2025 4,464.34 35.36 +5.4% View
Q2 2025 3,952.01 28.29 -6.7% View
Q1 2025 4,279.64 32.52 +10.9% View
Q4 2024 6,205.38 51.88 +48.1% View
Q3 2024 4,235.48 36.69 -25.6% View