From GlobeNewswire: 2024-12-10 06:55:00

AutoZone reported net sales of $4.3 billion for the first quarter ended November 23, 2024, with a 2.1% increase from the previous year. Gross profit margin improved to 53.0%, while operating profit decreased by 0.9% to $841.1 million. Net income was $564.9 million, with diluted earnings per share at $32.52.

During the quarter, AutoZone repurchased 160 thousand shares of common stock for $505.2 million. The company has repurchased a total of 155 million shares at an average price of $241 billion. Inventory increased by 8.7%, with net inventory per store at negative $166 thousand.

AutoZone opened 23 new stores in the U.S., six in Mexico, and five in Brazil during the quarter, totaling 7,387 stores. The company’s international same store sales saw an increase of just under 14% on a constant currency basis. AutoZone remains focused on growth and customer service initiatives.

AutoZone’s financial results for the first quarter of fiscal 2025 showed a net income of $564.9 million. Adjusted debt to EBITDAR ratio was 2.5, while adjusted Return on Invested Capital (ROIC) was 47.7%. The company’s inventory turns stood at 1.4x over the last five quarters.

Contact information for financial inquiries is available through Brian Campbell, while media inquiries can be directed to Jennifer Hughes. AutoZone’s first quarter highlights include key financial figures, balance sheet information, and store count details for the period ended November 23, 2024.



Read more at GlobeNewswire:: AutoZone 1st Quarter Total Company Same Store Sales