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AutoZone Passes Analysts on Q1 Profits

By  +Follow December 10, 2013 10:27AM
Tickers Mentioned:

AutoZone, Inc. (AZO) , the biggest auto parts retailer in the United States (for now), on Dec. 10 reported a larger-than-expected profit during the first quarter of fiscal 2013 as margins edged ahead and sales picked-up.

For the quarter ended November 23, the Memphis-based company said that revenue rose by 3.6 percent to $2.1 billion from $1.99 billion in last year’s quarter.  Net income for the quarter totaled $218.09 million, or $6.29 per share, versus $203.45 million, or $5.41 per share, in the year prior quarter.  The company has reported 29 straight quarter of double-digit earnings per share growth.

Wall Street was expecting earnings of $6.28 per share on revenue of $2.1 billion.

Gross profit as a percentage of sales was 51.9 percent, compared to 51.8 percent in Q1 fiscal 2012.  At the same time, operating expenses were down by 10 basis points to 33.5 percent of sales, as the company shifted the timing of advertising expenditures.

Sales at stores open more than one year rose by 0.9 percent.  An unseasonably cold October and storms in November help drive sales at places like AutoZone, as do-it-yourselfers cope with wear and tear brought on by bad weather.  The storms that are blasting a wide swath of the eastern half of the U.S. in December could also provide a boon for sales in the current quarter. 

AutoZone opened seven new domestic locations, one in Mexico and one in Brazil, the fourth largest auto market in the world and a country of strategic growth focus for AutoZone.  All accounted for, AutoZone has more than 5,200 locations.  The opening of new stores helped drive inventory higher by 9.1 percent in the quarter.

“Additionally, rolled out an exciting, new version of our electronic parts catalog, and we grew sales across our digital commerce businesses,” said Bill Rhodes, chairman, president and chief executive at AutoZone, in a statement this morning.

AutoZone will be bumped down to the number two position in the list of biggest U.S. auto parts retailers early in 2014 when Advance Auto Parts (AAP) completes its $2-billion acquisition of General Parts International Inc.  That merger will create a retail giant with $9.2 billion in annual sales.

During the quarter, AutoZone repurchased 678,000 common shares for an aggregate amount of $292 million.  The company still has $177 million left in a current buy-back plan.

Shares have cruised ahead by nearly 4 percent in Tuesday morning trading to $474.71.  Shares have grown by about 33 percent so far in 2013 to all-time highs.

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Results for AZO
26 Apr 15 15:04:14
Capital Market Labs
26 Apr 15 13:29:11
Largest Retailing Operating Margin 1: $PCLN 2: $LB 3: $AZO Chart: http://t.co/tfMLPnKSYk http://t.co/0OjkU9B0pF
26 Apr 15 12:02:14
AZO -0.05% Stock Charts $AZO AutoZone Inc. (NYSE) Last Updated: 04/26/2015 14:02:15 AZO Stock Chart - 1 Month http://t.co/zz0ltVG9ak
Investors Hangout
26 Apr 15 11:54:37
Stock_Tracker: Autozone (AZO) 702.00 $AZO Final Glance: http://t.co/lbED4zBOPV
Investors Hangout
26 Apr 15 11:54:36
Stock_Tracker: Autozone (AZO) 702.00 $AZO Final Glance: http://t.co/8QbCmEh4Uv
26 Apr 15 11:54:07
Stock_Tracker: Stock DD Board: Autozone (AZO) 702.00 $AZO Final Glance: http://t.co/NlkfTkTzv2
26 Apr 15 11:52:22
Autozone (AZO) 702.00 $AZO Final Glance: Specialty Retail companies AP - Fri Apr 24, 7:08PM CDT NEW YORK (AP) http://t.co/ExnK75WC3M
Capital Market Labs
25 Apr 15 23:49:07
$AZO EPS is Accelerating. #CML_AZO #CML_EPS http://t.co/06oIig1n9x http://t.co/nbugIpZ34S
25 Apr 15 15:59:51
RT @ChartLabPro: Strongest 20 in $SPy $ABC $AET $AOS $AZO $BSX $CAH $CI $CRUS $DG $DIS $EFX $HUM $LEA $MNST $ORLY $PKI $SBUX $SIAL http://t…
Chasing Stars
25 Apr 15 09:53:58
$RSG stock News Click Here: http://t.co/77Zyzr7S1M Also See: $GSH $SUPN $AZO $NPTN #stockmarket #tradeideas ~
25 Apr 15 09:51:47
$FRO stock Exchange Click Here: http://t.co/PBTsQIVFDT Also See: $BLK $AZO $CMCM $CHTR #stockmarket #tradeideas ~
Rosner Stocks
25 Apr 15 09:40:16
$AZO stock Stock Message Board Click Here: http://t.co/uf5S5EQa2f Also See: $GWR $MNOV $PSID $LPTN #stockmarket #tradeideas ~
MB North
25 Apr 15 06:13:02
RT @ChartLabPro: Strongest 20 in $SPy $ABC $AET $AOS $AZO $BSX $CAH $CI $CRUS $DG $DIS $EFX $HUM $LEA $MNST $ORLY $PKI $SBUX $SIAL http://t…
Hill Capital Mgt
25 Apr 15 05:38:50
RT @ChartLabPro: Strongest 20 in $SPy $ABC $AET $AOS $AZO $BSX $CAH $CI $CRUS $DG $DIS $EFX $HUM $LEA $MNST $ORLY $PKI $SBUX $SIAL http://t…
Chart Lab Pro
25 Apr 15 05:19:27
Strongest 20 in $SPy $ABC $AET $AOS $AZO $BSX $CAH $CI $CRUS $DG $DIS $EFX $HUM $LEA $MNST $ORLY $PKI $SBUX $SIAL http://t.co/iUsrxLcqRg
25 Apr 15 04:21:31
Stocks Trending Now: http://t.co/3L8CEFZgfA $AAPL $CBPO $ABGB $AZO $MRK $QSR $ATRA $BP $MDIN $MEIP $SBAC $HBAN ~
25 Apr 15 02:17:13
Stocks Trending Now: http://t.co/Hl6ZNuI4Hk $AZO $EQIX $SWN $CYRN $NOK $INTC $UHS $RWLK $BCC $PSXP $DPLO $LBRDK ~
25 Apr 15 00:17:47
Must join site $APD Click Here: http://t.co/uWhRrt6nbT Also See: $SKYW $AZO $ORCL $STE ~
25 Apr 15 00:11:44
Stocks Trending Now: http://t.co/3L8CEGgR78 $HALO $CAPN $NFLX $GOOG $BRK.B $AZO $WLB $DE $TW $AUY $LUV $BAC ~
25 Apr 15 00:02:08
#1 site for investors! $VLRS Click Here: http://t.co/76Rza8wciq Also See: $AZO $LLY $TTOO $TRGT ~
Invest | Donate
24 Apr 15 22:57:22
@langanstocks: $AZO 52Wk Low Click Here: http://t.co/Tq59EULnux Also See: $CTSO $DECK $RIGL $MRK #stockmarket #invest #stocks ~
Langan Stocks
24 Apr 15 22:34:25
$AZO 52Wk Low Click Here: http://t.co/kBAndzLCLj Also See: $CTSO $DECK $RIGL $MRK #stockmarket #invest #stocks ~
24 Apr 15 19:43:25
Investor opinions on $MT Click Here: http://t.co/Y8hAJCTfCW Also See: $RIGL $EFX $AZO $ZIOP ~
24 Apr 15 19:39:26
interested in $CHA Click Here: http://t.co/VSGfz0fXhl Also See: $ASPX $EXXI $UMC $AZO ~
24 Apr 15 18:52:31
I know they don't pay a dividend, but I am fascinated by $AZO. Very close to buying some shares for fun. So many consistent buybacks.
24 Apr 15 17:55:59
Must join site if you follow $HL Click Here: http://t.co/RaLOF9R3BQ Also See: $AZO $VGTL $T $WLH ~
Investors Hangout
24 Apr 15 17:33:29
$ALV Exchange Click Here: http://t.co/8gIANKhnyB Also See: $BRGO $MICT $AZO $TPLM #stockmarket #invest #stocks ~
24 Apr 15 16:11:55
Investors Hangout
24 Apr 15 12:35:02
$DNKN Day High Click Here: http://t.co/6IIYPvCGeD Also See: $USB $C $COLM $AZO ~
Capital Market Labs
24 Apr 15 12:18:25
$AZO EPS is Increasing. #CML_AZO #CML_EPS http://t.co/06oIig1n9x http://t.co/EQrULhCQ9T
24 Apr 15 11:55:03
$AZO: AutoZone, Inc. is Expected to Report $9.51 for Q2: http://t.co/dSX0D3cv5p
Chasing Stars
24 Apr 15 11:42:05
$AVID Quotes Click Here: http://t.co/ZB5reLtQcs Also See: $FNSR $MOBL $OSLH $AZO ~
Woll Street
24 Apr 15 11:26:36
$AZO Continued.. Seems reasonable pullback target to middle BBs here or lower to #VSB dot. https://t.co/7ZzrxEXj34
Woll Street
24 Apr 15 11:24:48
$AZO getting a potential dark cloud cover reversal candle at upper BBs and Double Top. Close > 705 like as long. https://t.co/7ZzrxEXj34
24 Apr 15 10:03:24
@JustinPulitzer Can you also include $PCLN $GOOGL $AMZN $NFLX $REGN $AZO in your analysis? Thanks a lot.
24 Apr 15 08:29:27
$CAH Tick Click Here: http://t.co/lytm87rsWn Also See: $MAC $BPFH $FNSR $AZO ~
Capital Market Labs
24 Apr 15 07:53:41
$AZO Assets and Earnings are Increasing. #CML_AZO #CML_Assets #CML_Earnings http://t.co/QSxre2ix9J http://t.co/KdmzkmXB9u
Stock Forums
24 Apr 15 07:26:24
$STT Bid Click Here: http://t.co/OvHleNZGWU Also See: $HLF $AZO $CJJD $AKAO ~
Market Int Center
24 Apr 15 05:42:42
Potential AutoZone $AZO Trade Has 1.79% Downside Protection ( http://t.co/PWlgmyD0P7 )
24 Apr 15 03:01:43
$T Stock Message Board Click Here: http://t.co/BL22zC1Oqt Also See: $GNRC $PII $GS $AZO ~
24 Apr 15 02:39:34
$AZO % Change Click Here: http://t.co/VF1BMNSGWX Also See: $BRKL $AEM $FOXA $BVAP ~
24 Apr 15 00:45:03
$BA Last Price Click Here: http://t.co/LTbdht5gDT Also See: $NSSC $SNE $AZO $IX ~
Hammer D. Lane
23 Apr 15 18:36:40
$AZO ,....http://t.co/H1ddqOfg4u
John Turner
23 Apr 15 15:04:18
$AZO AutoZone's Buyback Report Card (Hint: It's An A+) (AZO) http://t.co/ecSebRGtKS
Irma Doucet
23 Apr 15 15:04:14
$AZO AutoZone, Inc.: Still In The Growth Zone (AZO) http://t.co/3WfZDRyA3H
23 Apr 15 14:59:37
Vaughn Okumura
23 Apr 15 14:03:18
no trades today...currently 137.3% net long…ended the day up 0.59% thanks to $ORLY (+5.4%), $RLI (+1.9%), $AZO (+1.3%) and $FISV (+1.0%)
Stock Forums
23 Apr 15 14:01:59
$PGNX Day High Click Here: http://t.co/jRPeWjOMou Also See: $TESO $PLAB $UNH $AZO ~
23 Apr 15 12:50:03
$AZO Current Price Click Here: http://t.co/aF4x5fBb3B Also See: $HDS $GG $IGRW $AMZN ~
23 Apr 15 11:47:27
$RTIX Financials Click Here: http://t.co/BbR5qf0TSu Also See: $WYNN $AZO $MO $INSY ~
By  +Follow December 10, 2013 10:27AM



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