AutoZone Q4 Earnings Top Estimates

by Shivani Kumaresan, Benzinga Staff Writer

September 21, 2021 1:54 PM | 1 min read | Make a Comment

AutoZone Inc 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.