AutoZone reports second-quarter 2023-24 EPS up 17.2% to $28.89, operating profit up 10.9% to $743.2 million, and gross margin up 1.6 points to 53.9%.
At $3.9 billion, sales of the automotive parts and accessories distributor were up 4.6%, including 1.5% growth on a comparable basis and excluding currency effects, driven mainly by international sales (+10.6%).
While a difficult holiday comparison negatively impacted sales performance, we remain encouraged by our commercial initiatives and feel well placed for future growth", says CEO Phil Daniele.
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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. 
