NYSE$AZO

Autozone Inc · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

AutoZone's Q2 2020 earnings decreased slightly due to challenging sales, but EPS increased.

AutoZone reported a slight increase in net sales, but same store sales decreased. Despite the challenging sales environment, the company delivered solid earnings, with EPS increasing by 7.8%.

  • Net sales increased by 2.6% to $2.5 billion.
  • Domestic same store sales decreased by 0.8%.
  • Diluted earnings per share increased by 7.8% to $12.39.
  • Gross profit, as a percentage of sales, increased to 54.3%.

Headline financials

Total Revenue

$2.51B

Previous: $2.45B+2.6%
EPS (adj)

$12.39

Previous: $11.49+7.8%
Gross Margin

54.3%

Previous: 54.1%+0.4%
Operating Expense Ratio

38.1%

Previous: 37.7%+1.1%
Capital Expenditures

-$191M

Previous: -$196M+2.7%
Free Cash Flow

$109M

Previous: $98.8M+10.0%
Net Income

$299M

Previous: $295M+1.6%
Operating Income

$408M

Previous: $400M+2.0%
Gross Profit

$1.37B

Previous: $1.33B+3.1%
Cash & Equivalents

$153M

Previous: $196M-21.8%
Total Assets

$12.9B

Previous: $9.75B+32.0%

Revenue & EPS history

Autozone · Revenue · Quarterly

$2.51B

Q2 2020+2.6%vs Q2 2019
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Revenue by segment

Autozone · $1.4B total across 1 segment · Q3 2026

  • Domestic Commercial
    $1.4B

Forward guidance

AutoZone is optimistic about prospects for the balance of the year, focusing on strategic initiatives.

Tailwinds

  • Great service
  • Further penetration of the Commercial market
  • Enhanced inventory assortments
  • Improved local market expanded parts availability
  • Leveraging technology to improve customer interactions and increase efficiency

Headwinds

  • Product demand
  • Energy prices
  • Weather
  • Competition
  • Credit market conditions

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 Q2 2020

Historical avgQ2 2020

+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

Earnings price reactions
QuarterReport dateReaction (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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