AutoZone (AZO) Tops Q2 EPS by $2.09

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Go back to AutoZone (AZO) Tops Q2 EPS by $2.09

AutoZone 2nd Quarter Same Store Sales Increase 15.2%; EPS Increases to $14.93

March 2, 2021 6:55 AM EST

MEMPHIS, Tenn., March 02, 2021 (GLOBE NEWSWIRE) -- AutoZone, Inc. (NYSE: AZO) today reported net sales of $2.9 billion for its second quarter (12 weeks) ended February 13, 2021, an increase of 15.8% from the second quarter of fiscal 2020 (12 weeks). Domestic same store sales, or sales for stores open at least one year, increased 15.2% for the quarter.

For the quarter, gross profit, as a percentage of sales, was 53.6%, a decrease of 77 basis points versus the prior year. The decrease in gross margin was attributable to increased supply chain costs, pricing initiatives, accelerated loyalty program participation and a... More