On Dec. 5, auto-parts retailer AutoZone
- Sales grew 4.1% to $1.4 billion for the quarter, while same-store sales advanced a meager 0.3%.
- Net income advanced 8.3%, but earnings per share advanced 16.9% as the company maintained its steady repurchase program.
- Inventory grew 12% quarter over quarter.
(Figures in thousands, except per-share data)
Income Statement Highlights
Q1 2007 |
Q1 2006 |
Change |
|
---|---|---|---|
Sales |
$1,393,069 |
$1,338,076 |
4.1% |
Net Profit |
$123,889 |
$114,374 |
8.3% |
EPS |
$1.73 |
$1.48 |
16.9% |
Diluted Shares |
71,813 |
77,152 |
(6.9%) |
Get back to basics with a look at the income statement.
Margin Checkup
Q1 2007 |
Q1 2006 |
Change* |
|
---|---|---|---|
Gross Margin |
49.2% |
49.0% |
0.2 |
Operating Margin |
16.0% |
15.3% |
0.7 |
Net Margin |
8.9% |
8.6% |
0.3 |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
Assets |
Q1 2007 |
Q1 2006 |
Change |
---|---|---|---|
Inventory |
$1,883,348 |
$1,681,015 |
12.0% |
Liabilities |
Q1 2007 |
Q1 2006 |
Change |
---|---|---|---|
Accounts Payable |
$1,649,632 |
$1,514,571 |
8.9% |
Long-Term Debt |
$1,858,921 |
$1,789,775 |
3.9% |
Learn the ways of the balance sheet.
Cash Flow Highlights
AutoZone did not issue a cash flow statement with the press release.
Find out why Fools always follow the money.
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Related Foolishness:
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Fool contributor Ryan Fuhrmann has no financial interest in any company mentioned. Feel free to email him with feedback or to discuss any companies mentioned further. The Fool has an ironclad disclosure policy.