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- AutoZone Inc (NYSE:AZO) reported fourth-quarter FY21 sales growth of 8% year-on-year, to $4.91 billion, beating the analyst consensus of $4.56 billion.
- EPS of $35.72 beat the analyst consensus of $29.87. Domestic same-store sales for the quarter increased 4.3%.
- The gross margin decreased 82 basis points Y/Y to 52.3%. The operating margin was 21%, and operating income for the quarter rose 2.6% to $1.04 billion.
- AutoZone held $1.2 billion in cash and equivalents as of August 28, 2021. Adjusted debt totaled $7.6 billion as of August 28, 2021.
- The company had $417.6 million remaining under its current share repurchase authorization at year-end.
- Price Action: AZO shares are trading higher by 3.07% at $1633.76 on the last check Tuesday.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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