AutoZone, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended May 07, 2022
May 24, 2022 at 06:55 am EDT
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AutoZone, Inc. reported earnings results for the third quarter and nine months ended May 07, 2022. For the third quarter, the company reported sales was USD 3,865.22 million compared to USD 3,651.02 million a year ago. Net income was USD 592.57 million compared to USD 596.16 million a year ago. Basic earnings per share from continuing operations was USD 29.93 compared to USD 27.15 a year ago. Diluted earnings per share from continuing operations was USD 29.03 compared to USD 26.48 a year ago.
For the nine months, sales was USD 10,903.88 million compared to USD 9,716.1 million a year ago. Net income was USD 1,619.56 million compared to USD 1,384.54 million a year ago. Basic earnings per share from continuing operations was USD 79.26 compared to USD 61.24 a year ago. Diluted earnings per share from continuing operations was USD 76.9 compared to USD 59.8 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. 
