AutoZone, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended May 04, 2024
May 21, 2024 at 04:25 pm IST
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AutoZone, Inc. reported earnings results for the third quarter and nine months ended May 04, 2024. For the third quarter, the company reported sales was USD 4,235.49 million compared to USD 4,090.54 million a year ago. Net income was USD 651.73 million compared to USD 647.72 million a year ago. Basic earnings per share from continuing operations was USD 37.73 compared to USD 35.22 a year ago. Diluted earnings per share from continuing operations was USD 36.69 compared to USD 34.12 a year ago.
For the nine months, sales was USD 12,284.89 million compared to USD 11,766.59 million a year ago. Net income was USD 1,760.22 million compared to USD 1,663.59 million a year ago. Basic earnings per share from continuing operations was USD 100.96 compared to USD 88.96 a year ago. Diluted earnings per share from continuing operations was USD 98.11 compared to USD 86.1 a year ago.
AutoZone, Inc. specializes in distributing automotive spare parts and accessories. The group offers compressors, batteries, carburetors, clutches, des rotors, des motors, fuel pumps, etc. Net sales break down by activity as follows:
- retail and professional distribution (98.2%): sale of spare parts primarily to garages and service stations;
- other (1.8%): sales of diagnostic and maintenance software (name Alldata), and an e-commerce division.
At the end of August 2023, AutoZone, Inc. had a network of 7,140 stores located in the United States and Puerto Rico (6,300), Mexico (740) and Brazil (100).
AUTOZONE, INC. 
