AutoZone: Very Disappointing
AutoZone, Inc. has faced challenges with margin pressure and slower earnings per share growth. Despite these issues, the company reported record sales of $4.84 billion in Q3, reflecting an 8.5% year-over-year increase. The stock has seen a decline, but buybacks continue to be a significant factor in its value proposition.
- ▪AutoZone's Q3 sales reached a record $4.84 billion, marking an 8.5% increase compared to the previous year.
- ▪The company's gross margin decreased by 57 basis points to 52.2%.
- ▪AutoZone repurchased 164,000 shares this quarter, with a total of 16.4 million shares outstanding.
Opening excerpt (first ~120 words) tap to expand
{"@context":"https://schema.org","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https://seekingalpha.com/"},{"@type":"ListItem","position":2,"name":"Earnings Analysis","item":"https://seekingalpha.com/earnings/earnings-analysis"},{"@type":"ListItem","position":3,"name":"Consumer ","item":"https://seekingalpha.com/stock-ideas/consumer-goods"}]}{"@context":"https://schema.org","@type":"NewsArticle","mainEntityOfPage":{"@type":"WebPage","@id":"https://seekingalpha.com/article/4908851-autozone-very-disappointing"},"author":{"@type":"Person","name":"Quad 7 Capital","url":"https://seekingalpha.com/author/quad-7-capital"},"publisher":{"@context":"http://schema.org","@type":"Organization","address":{"@type":"PostalAddress","streetAddress":"244…
Excerpt limited to ~120 words for fair-use compliance. The full article is at Seeking Alpha.
Discussion
0 commentsMore from Seeking Alpha
