NYSE$AZO

Autozone Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

AutoZone reported an 8.9% increase in net sales and a 6.2% increase in domestic same store sales for the fourth quarter of fiscal year 2022.

AutoZone's Q4 2022 results showed strong performance with an 8.9% increase in net sales to $5.3 billion and a 6.2% increase in domestic same store sales. The company's commercial business grew exceptionally strong at 22%. Diluted earnings per share increased by 13.4% to $40.51.

  • Net sales increased by 8.9% to $5.3 billion compared to the fourth quarter of fiscal 2021.
  • Domestic same store sales increased by 6.2% for the quarter.
  • Commercial business growth was exceptionally strong at 22%.
  • Diluted earnings per share increased by 13.4% to $40.51 from $35.72 in the year-ago quarter.

Headline financials

Total Revenue

$5.35B

Previous: $4.91B+8.9%
EPS (adj)

$40.51

Previous: $35.72+13.4%
Gross Margin

51.5%

Previous: 52.3%-1.5%
Operating Expense Ratio

30.9%

Previous: 31.0%-0.3%
Capital Expenditures

$303M

Previous: $246M+23.1%
Free Cash Flow

$925M

Previous: $1.04B-11.2%
Net Income

$810M

Previous: $786M+3.1%
Operating Income

$1.1B

Previous: $1B+10.0%
Gross Profit

$2.73B

Previous: $2.56B+6.7%
Cash & Equivalents

$264M

Previous: $1.17B-77.4%
Total Assets

$15.3B

Previous: $14.5B+5.2%

Revenue & EPS history

Autozone · Revenue · Quarterly

$5.35B

Q4 2022+8.9%vs Q4 2021
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Revenue by segment

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

  • Domestic Commercial
    $1.4B

Forward guidance

AutoZone is committed to being the best place to shop for automotive needs and a great place to work, believing their initiatives will drive growth in the new fiscal year. They remain steadfast in their long-term approach to increasing operating earnings and cash flows while utilizing their balance sheet effectively.

Tailwinds

  • Commitment to being the best place to shop for automotive needs.
  • Ongoing promise to be a great place to work.
  • Initiatives expected to drive growth in the new fiscal year.
  • Long-term, disciplined approach to increasing operating earnings.
  • Effective utilization of the balance sheet.

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 Q4 2022

Historical avgQ4 2022

+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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