NYSE$AZO
Autozone Inc · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
AutoZone's first quarter performance in 2024 showed positive growth, marked by increased net sales and earnings per share.
AutoZone reported a 5.1% increase in net sales, reaching $4.2 billion. The company's EPS increased by 18.6% to $32.55, driven by a 10.0% rise in net income to $593.5 million. Gross profit margin improved to 52.8%, and operating profit increased by 17.4% to $848.6 million.
- Net sales increased by 5.1% to $4.2 billion compared to the same quarter last year.
- Earnings per share rose by 18.6% to $32.55.
- Gross profit margin improved by 279 basis points to 52.8%.
- The company opened 25 net new stores during the quarter.
Headline financials
Revenue & EPS history
Autozone · Revenue · Quarterly
$4.19B
Revenue by segment
Autozone · $1.4B total across 1 segment · Q3 2026
- Domestic Commercial$1.4B—100.0%
Forward guidance
AutoZone is committed to driving sales and earnings growth throughout fiscal 2024, while returning cash to its shareholders.
Tailwinds
- Commitment to superior service.
- Strong financial results
- Solid domestic sales results.
- Exceptionally strong international sales growth.
- Driving sales and earnings growth throughout fiscal 2024.
Headwinds
- Tough comparisons from a year ago.
- Deleverage was primarily driven by domestic store payroll.
- Investment in technology related initiatives.
- Risks associated with self-insurance.
- Impact of public health issues.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2024
+0.2%
Avg return
Earnings day
+0.7%
Avg return
5 days after
+1.1%
Avg return
30 days after
62%
44 / 71 earnings
Positive
+8.8%
Q3 2022
Best reaction
-10.4%
Q3 2017
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q3 2026 | — | — | — | |
| Q2 2026 | -1.1% | -6.2% | -12.4% | |
| Q1 2026 | -7.3% | -8.5% | -12.0% | |
| Q4 2025 | +0.5% | +1.9% | -6.6% | |
| Q3 2025 | -3.6% | -2.4% | -8.0% | |
| Q2 2025 | -0.1% | +3.9% | +10.0% | |
| Q1 2025 | +0.6% | +1.4% | -0.6% | |
| Q4 2024 | +2.0% | +4.8% | +3.4% | |
| Q3 2024 | -5.2% | -4.5% | +2.9% | |
| Q2 2024 | +8.7% | +9.6% | +13.8% | |
| Q1 2024 | +1.7% | -1.6% | -4.0% | |
| Q4 2023 | +2.4% | +1.9% | -1.1% | |
| Q3 2023 | -7.5% | -6.1% | -6.9% | |
| Q2 2023 | -4.5% | -2.9% | -6.5% | |
| Q1 2023 | -2.8% | -2.8% | -4.4% | |
| Q4 2022 | -1.6% | -3.2% | +5.7% | |
| Q3 2022 | +8.8% | +13.9% | +16.8% | |
| Q2 2022 | +0.8% | +1.5% | +9.7% | |
| Q1 2022 | +5.8% | +6.5% | +9.7% | |
| Q4 2021 | +6.2% | +6.9% | +14.0% | |
| Q3 2021 | -2.7% | -2.9% | +0.4% | |
| Q2 2021 | +0.9% | +4.3% | +21.3% | |
| Q1 2021 | -1.8% | -0.2% | +7.7% | |
| Q4 2020 | -4.8% | -4.3% | -0.9% | |
| Q3 2020 | +3.7% | +2.2% | -1.7% | |
| Q2 2020 | +1.1% | +1.3% | -24.1% | |
| Q1 2020 | +6.5% | +5.7% | -2.0% | |
| Q4 2019 | -4.7% | -5.4% | -2.0% | |
| Q3 2019 | +6.8% | +7.6% | +15.4% | |
| Q2 2019 | +2.5% | +4.5% | +13.0% | |
| Q1 2019 | +5.4% | +5.5% | +2.6% | |
| Q4 2018 | +0.9% | +3.0% | -2.3% | |
| Q3 2018 | -6.5% | -4.7% | +3.5% | |
| Q2 2018 | -9.7% | -9.9% | -11.9% | |
| Q1 2018 | -1.6% | +1.7% | +7.3% | |
| Q4 2017 | -3.5% | +1.9% | +5.7% | |
| Q3 2017 | -10.4% | -6.7% | -12.1% | |
| Q2 2017 | -0.3% | -2.1% | -2.9% | |
| Q1 2017 | +4.3% | +3.4% | +2.0% | |
| Q4 2016 | -0.9% | +3.7% | -0.6% | |
| Q3 2016 | +3.4% | +3.2% | +2.8% | |
| Q2 2016 | +0.8% | — | — | |
| Q1 2016 | +4.2% | — | — | |
| Q4 2015 | +2.4% | — | — | |
| Q3 2015 | -1.2% | — | — | |
| Q2 2015 | +0.5% | — | — | |
| Q1 2015 | +3.0% | — | — | |
| Q4 2014 | -3.5% | — | — | |
| Q3 2014 | -1.4% | — | — | |
| Q2 2014 | +0.5% | — | — | |
| Q1 2014 | +2.3% | — | — | |
| Q4 2013 | +1.8% | — | — | |
| Q3 2013 | +2.1% | — | — | |
| Q2 2013 | -0.5% | — | — | |
| Q1 2013 | -4.7% | — | — | |
| Q4 2012 | +3.9% | — | — | |
| Q3 2012 | +1.2% | — | — | |
| Q2 2012 | +2.3% | — | — | |
| Q1 2012 | -1.5% | — | — | |
| Q4 2011 | +0.1% | — | — | |
| Q3 2011 | -0.0% | — | — | |
| Q2 2011 | +0.6% | — | — | |
| Q1 2011 | +1.8% | — | — | |
| Q4 2008 | +0.8% | — | — | |
| Q4 2010 | +0.8% | — | — | |
| Q4 2009 | +0.8% | — | — | |
| Q3 2010 | +0.5% | — | — | |
| Q3 2009 | +0.5% | — | — | |
| Q2 2010 | +0.2% | — | — | |
| Q2 2009 | +0.2% | — | — | |
| Q1 2009 | +0.2% | — | — | |
| Q1 2010 | +0.2% | — | — |
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