AutoZone Results: A Look into Q4 2024 Earnings and Performance
AutoZone Results: Q4 2024 Earnings Report
AutoZone, Inc. (NYSE: AZO) has announced its Q4 2024 earnings results, providing crucial details about their performance. During this quarter, net sales reached $6.2 billion, marking an increase of 9% compared to the previous year. Despite the growth in sales, same-store sales rose only 0.7%, indicating potential challenges in consumer demand.
Performance Analysis
- Net income stood at $902.2 million, up from $864.8 million last year, reflecting a strong performance boost.
- EPS increased by 11% year-over-year, reaching $51.58.
- Despite positive year-over-year growth, the revenue and earnings fell short of analyst expectations, resulting in a 2% decline in AZO stock during premarket trading.
Expansion Efforts
In response to market demands, AutoZone opened 117 new stores during the quarter—68 in the US, 31 in Mexico, and 18 in Brazil—demonstrating its commitment to growth.
This report on AutoZone's earnings results is a crucial update for investors and analysts alike. Stay tuned for further updates as more details become available.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.