iHub News
3週前
AutoZone shares decline after revenue misses forecasts despite profit beat (AZO)May 26, 2026 9:21 AM
IH Market News Shares of AutoZone (NYSE:AZO) fell 3.95% in premarket trading after the company reported third-quarter results that exceeded earnings expectations but came in slightly below revenue forecasts. Earnings top expectations while revenue falls short For the quarter ended May 9, 2026, AutoZone posted adjusted earnings per share of $38.07, beating analyst expectations of $36.22 by $1.85. Revenue rose 8.4% year-over-year to $4.84 billion from $4.46 billion in the prior-year period, although the figure missed analyst estimates of $4.86 billion. Domestic same-store sales increased 4.1% during the quarter, while company-wide same-store sales grew 3.9% on a constant currency basis. Gross margin pressured by inventory accounting impact The market reaction appeared to focus primarily on the revenue miss despite the stronger-than-expected earnings performance. Gross margin declined by 57 basis points to 52.2%, mainly due to a 77 basis point non-cash LIFO inventory accounting impact. Meanwhile, operating expenses as a percentage of sales improved slightly to 33.1%, compared with 33.3% in the same period last year, supported by sales growth and cost management efforts. CEO highlights strong execution and customer service “I want to thank our AutoZoners across the globe for delivering on our promise of ‘WOW’ customer service and strong financial results this past quarter,” said Phil Daniele, President and Chief Executive Officer. “Along with strong domestic sales results, we managed our expenses well and returned to an operating margin north of 19% for the quarter.” Net income and store footprint continue to expand Net income increased to $641.5 million during the quarter, up from $608.4 million a year earlier. AutoZone opened 82 new stores globally over the period, including 57 locations in the United States, 20 in Mexico and five in Brazil. The company’s total store count reached 7,856 locations worldwide. AutoZone stock price Original: AutoZone shares decline after revenue misses forecasts despite profit beat (AZO)
US Market News
2月前
AutoZone Completes Three-Year Cloud Migration with Google CloudApril 22, 2026 7:58 AM
PR Newswire (US)
LAS VEGAS, April 22, 2026 /PRNewswire/ -- Cloud Next '26 -- AutoZone, Inc. (NYSE: AZO), a leading retailer and distributor of automotive aftermarket parts and accessories in the Americas, and Google Cloud today announced a strategic expansion of their partnership. AutoZone recently completed a full-stack migration to Google Cloud—exiting legacy data centers in under three years.
AutoZone transitioned most of its applications to Google Cloud and looks to enhance performance, observability, and long-term flexibility."Completing our cloud migration is a significant milestone, and our partnership with Google has been instrumental to this success. But it's not the finish line," said Michelle Borninkhof, senior vice president and chief information officer, AutoZone. "We are now looking to leverage Google AI Cloud to help us enhance system monitoring, accelerate development, and enable faster decision making. In addition, we are in the early stages of using Gemini Enterprise to automate high volume tasks and improve productivity.""AutoZone has moved beyond modernizing infrastructure. By transitioning to an agentic architecture, AutoZone is able to make the most of its data and empower AutoZoners to improve the experience for customers and employees alike," said Jose Gomes, vice president, Retail and Consumer Packaged Goods, Google Cloud.About AutoZone
As of February 14, 2026, the Company had 6,709 stores in the U.S., 913 in Mexico and 152 in Brazil for a total store count of 7,774.AutoZone is a leading retailer and distributor of automotive replacement parts and accessories in the Americas. Each store carries an extensive product line for cars, sport utility vehicles, vans and light duty trucks, including new and remanufactured automotive hard parts, maintenance items, accessories, and non-automotive products. The majority of stores have a commercial sales program that provides prompt delivery of parts and other products and commercial credit to local, regional and national repair garages, dealers, service stations, fleet owners and other accounts. AutoZone also sells automotive hard parts, maintenance items, accessories and non-automotive products through www.autozone.com, and our commercial customers can make purchases through www.autozonepro.com. Additionally, we sell the ALLDATA brand of automotive diagnostic, repair, collision and shop management software through www.alldata.com. We also provide product information on our Duralast branded products through www.duralastparts.com. AutoZone does not derive revenue from automotive repair or installation services.About Google Cloud
Google Cloud offers a powerful, optimized AI stack — including AI infrastructure, leading models like Gemini, data management capabilities, multicloud security solutions, developer tools and platform, as well as agents and applications — that enables organizations to transform their business for the Agentic Era. Customers in more than 200 countries and territories turn to Google Cloud as their trusted technology partner.
View original content to download multimedia:https://www.prnewswire.com/news-releases/autozone-completes-three-year-cloud-migration-with-google-cloud-302749756.htmlSOURCE Google Cloud
Original: AutoZone Completes Three-Year Cloud Migration with Google Cloud
iHub News
3月前
AutoZone Shares Drop After Revenue Miss in Fiscal Q2March 3, 2026 9:46 AM
IH Market News
AutoZone (NYSE:AZO) shares fell sharply Tuesday after the auto parts retailer reported fiscal second-quarter results that beat earnings expectations but came in slightly short on revenue.The company posted earnings per share of $27.63, ahead of the analyst consensus of $27.17. However, revenue totaled $4.27 billion, missing forecasts of $4.31 billion.Shares declined more than 7% in premarket trading following the announcement.Net sales rose 8.1% year over year during the quarter. Comparable sales—covering domestic and international stores open for at least one year—increased 3.3% on a constant-currency basis.In the U.S., comparable sales advanced 3.4% in constant currency, while international same-store sales grew 2.5%.“I want to thank our AutoZoners across the company for delivering solid financial results this past quarter. We continue to be pleased with our strategies to grow sales,” said Phil Daniele, President and CEO of AutoZone.“While our international sales, in constant currency, were slightly below our expectations, we believe our market share continues to grow as we outpace our competition in both Mexico and Brazil.”Operating profit edged down 1.2% year over year to $698.5 million, reflecting ongoing cost pressures despite solid top-line growth.AutoZone stock price
Original: AutoZone Shares Drop After Revenue Miss in Fiscal Q2
TFMG
7年前
$AZO BULLS STILL IN CONTROL $1100 PRICE TARGET
AutoZone’s strategy of fast delivery of high-quality products is expected to drive third-quarter fiscal 2019 results. Besides having a growing physical presence through ramping up store openings, its online platform is adding to a impressive growth performance, these online initiatives will further improve sales and market share for the leading retailer and distributor of automotive replacement parts and accessories in the soon-to-be-released quarter.
This is one company that has not let AMAZON walk all over it, specialist companies have loyal and long standing relationships with suppliers and customers.
ANALYSTS RATING OVERWEIGHT
ANALYSTS PRICE TARGET $1050
AutoZone , Inc. engages in the provision of retail and distribution of automotive replacement parts and accessories. It operates through the Auto Parts Locations and Other segments. The Auto Parts Locations segment provides automotive parts and accessories through the company's stores in the U.S., Puerto Rico , Mexico, and Brazil. The Other segment consists of ALLDATA, which produces, sells, and maintains diagnostic and repair information software used in the automotive repair industry.
GuruTrader
17年前
AutoZone 4Q profit slips, misses view
Auto parts retailer AutoZone posts 3.1 pct dip in 4Q profit, missing view as sales rise
On Wednesday September 23, 2009, 8:51 am EDT
Buzz up! 0 Print.Companies:AutoZone Inc.
MEMPHIS, Tenn. (AP) -- Auto parts retailer AutoZone Inc. said Wednesday its fiscal fourth-quarter profit fell 3.1 percent, missing Wall Street expectations on tough comparisons to a prior-year period that included an extra week of sales.
AP - In this May 26, 2009 file photo, Pat Wortwick, an Auto Zone employee, works on a store display ...
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Symbol Price Change
AZO 152.92 0.00
{"s" : "azo","k" : "c10,l10,p20,t10","o" : "","j" : ""} The company said its gross margin got a boost from improved distribution efficiencies and lower fuel costs, but said that was offset by a shift in its merchandise sales mix to lower margin products.
Its shares fell $3.42, or 2.2 percent, to $149.50 in premarket trading.
For the quarter ended Aug. 29, the Memphis, Tenn.-based company earned $236.1 million, or $4.33 per share, down from $243.7 million, or $3.88 per share, a year ago. The per-share figures rose because it had fewer shares outstanding in the latest period.
Analysts polled by Thomson Reuters expected a profit of $4.45 per share for the latest quarter.
Sales rose 1 percent to $2.23 billion from $2.21 billion and matched analysts' estimates.
Excluding sales from the additional week included in the prior year's quarter, AutoZone said sales rose 7.1 percent and domestic same-store sales -- or sales at stores open at least a year -- increased 5.4 percent.
For the full fiscal year, AutoZone earned $657 million, or $11.73 per share, up from $641.6 million, or $10.04 per share, in the pervious year. Sales rose to $6.82 billion from $6.52 billion.
During the quarter AutoZone opened 58 new stores, closed one store, and replaced three stores in the United States. It also opened 20 stores in Mexico. As of Aug. 29, AutoZone had 4,229 stores in the U.S. and 188 stores in Mexico.
roger wilco
17年前
AutoZone, Inc. operates as a specialty retailer of automotive parts and accessories in the United States. As of February 11, 2006, the company operated 3,655 stores in the United States and 88 stores in Mexico. These stores offer various products for cars, sport utility vehicles, vans, and light trucks, including new and remanufactured automotive hard parts, maintenance items, and accessories and nonautomotive products. The automotive hard parts product line includes A/C compressors, alternators, batteries and accessories, carburetors, clutches, CV axles, engines, fuel pumps, mufflers, shock absorbers and struts, starters, and water pumps. The maintenance items product line consists of antifreeze and windshield washer, belts and hoses, fuses, lighting, oil and transmission fluid, oxygen sensors, protectants and cleaners, refrigerant and accessories, sealants and adhesives, sealants and adhesives, wash and wax, and windshield wipers. The accessories and nonautomotive product line comprises air fresheners, cell phone accessories, drinks and snacks, floor mats, hand cleaner, neon, mirrors, paint and accessories, performance products, seat covers, steering wheel covers, stereos, and tools. AutoZone also offers commercial sales program that provides commercial credit, and delivery of parts and other products to local, regional, and national repair garages, dealers, and service stations. The company also sells the ALLDATA brand diagnostic and repair software, as well as diagnostic and repair information, auto and light truck parts, and accessories. In addition, the company provides free services, including check engine light readings; battery charging; oil recycling; and testing of starters, alternators, batteries, sensors, and actuators. The company was founded in 1979 and is based in Memphis, Tennessee.
roger wilco
17年前
Family Dollar, Jos. A. Bank Latest Stores To Deliver Strong Results In Soft Economy
* Brad Kelly
* Wednesday April 8, 2009, 7:21 pm EDT
Family Dollar (NYSE:FDO - News) said Wednesday that its Q2 profit rose 33% as shoppers sought out value. The specialty discounter also raised full-year guidance. Its shares rose 6% to a new high.
Jos. A. Bank (NasdaqGS:JOSB - News) easily beat fiscal Q4 EPS targets as the menswear retailer's sales grew by the most in three years. Its shares jumped 20%.
After the close, California Pizza Kitchen (NasdaqGS:CPKI - News) said Q1 profit likely was twice as strong as Wall Street expected. Youth apparel chain Hot Topic (NasdaqGS:HOTT - News) raised EPS guidance on strong March sales. Shares of both rose in late trading.
Earlier, shares of Bed Bath & Beyond (NasdaqGS:BBBY - News) shot up 24%. The housewares chain late Tuesday reported Q4 profit that easily beat estimates. Sales fell just 0.5%.
"It is still extremely too early to tell, but this might be the beginning of the bottoming process," said Ken Perkins, president of Retail Metrics. "The worst is behind us, though."
Liquidations of Circuit City, Linens 'n Things and Mervyn's have let rivals such as Bed Bath & Beyond, Best Buy (NYSE:BBY - News) and GameStop (NYSE:GME - News) pick up market share and post better results.
"Those closings have funneled millions of dollars in sales to those still standing with no additional costs," said Richard Hastings, a consumer strategist with Global Hunter Securities. "That certainly helps."
Consumers are pinching pennies amid the recession. That's helped discounters from Wal-Mart (NYSE:WMT - News) to Ross Stores (NasdaqGS:ROST - News). Warehouse club PriceSmart (NasdaqGS:PSMT - News) said Wednesday that quarterly profit climbed 34%.
Meanwhile, AutoZone (NYSE:AZO - News) and its peers are benefiting as people hang on to old cars longer and try to do more maintenance themselves.
But the strength of casual eateries like Buffalo Wild Wings (NasdaqGS:BWLD - News) and teen apparel chains such as Aeropostale (NYSE:ARO - News) signals consumers have not cut out discretionary spending entirely.
Overall, consumers have been surprisingly resilient in 2009, economic data show. That's made it easier for retailers to top sharply lowered analyst forecasts.
"The bar is not that high for them to jump over, but we'll take any upside right now," Perkins said.
Q4 earnings among 125 publicly traded U.S. retailers likely fell 25% vs. a year earlier, according to Retail Metrics. Q1 profits are expected to show a 25% dive -- 35% excluding Wal-Mart.
While many retailers are doing well -- 36 have a Composite Rating of 95 or better -- many are struggling mightily.
The economic head winds remain intense. Heavy job losses will continue for several months. Banks are still reeling and reluctant to extend credit to consumers and small businesses.
"After the first quarter, the comparisons get much easier," Perkins said. "But there will continue to be winners and losers; there's no other way around it."
Most retailers report March same-store sales on Thursday. Retail Metrics expects a 0.4% drop vs. a year ago. But sales are expected to fall 4.4% excluding Wal-Mart.
Discretionary retailers, such as specialty and department stores, are most at risk.
But help is on the way, Perkins says. He cites a rebound in consumer confidence, robust promotions, tax refunds and a refinancing boom on record low rates that will put more money into homeowners' wallets.
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