Categories Earnings, Industrials

AutoZone (AZO) Q2 2020 Earnings Snapshot

— AutoZone (NYSE: AZO) reported second quarter 2020 earnings of $12.39 per share vs. $11.77 expected.

— Sales rose 2.6% to $2.51 billion vs. $2.57 billion expected.

AutoZone (AZO) surpasses Q2 2020 earnings targets; misses on sales

— Domestic same store sales decreased 0.8% for the quarter ended February 15, 2020

— Net income increased 1.6% year-over-year to $299.3 million and operating profit rose 2% to $407.9 million.

Also Read: AutoZone (AZO) Q2 2020 Earnings Call Transcript

— In Q2 2020, AutoZone opened 25 new stores in the U.S., two in Mexico and one in Brazil.

— As of February 15, 2020, the Company had 5,815 stores in the U.S., 608 stores in Mexico and 38 stores in Brazil for a total store count of 6,461.

— During the second quarter, the company repurchased 267,000 shares of its common stock for $314.8 million.

Listen to on-demand earnings calls and hear how management responds to analysts’ questions

Also Read:  Infographic: Chewy (CHWY) Q2 2020 earnings in a nutshell

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