AutoZone: Fiscal 2022 Fourth Quarter Conference Call Presentation







Release of fourth quarter results, fiscal 2022

AUTOZONE, INC., © 2022 ALL RIGHTS RESERVED.

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Forward-looking statements

Certain statements contained in this presentation constitute forward-looking statements subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally use words such as “believe”, “anticipate”, “should”, “have intend to”, “plan”, “will”, “expect”, “estimate”, “project”, “positioned”, “strategy”, “seek”, “may”, “might” and expressions similar. These are based on assumptions and assessments made by our management in light of experience and perception of historical trends, current conditions, expected future developments and other factors we deem appropriate. These forward-looking statements are subject to a number of risks and uncertainties, including, without limitation: demand for products, due to changes in fuel prices, miles driven or otherwise; energy prices; Weather report; competition; credit market conditions; cash flow; access to available and feasible financing; future share buybacks; the impact of recessionary conditions; consumer debt levels; changes in laws or regulations; risks associated with self-insurance; war and the prospect of war, including terrorist activities; the impact of public health issues, such as the current global coronavirus pandemic; inflation; the ability to hire, train and retain qualified employees; construction delays; compromise of the confidentiality, availability or integrity of information, including due to cyberattacks; sustainability of historical growth rate; deterioration in our credit ratings; damage to our reputation; challenges in international markets; failure or interruption of our computer systems; origin and costs of raw materials from suppliers; stock availability; disruption to our supply chain; tariff impact; the anticipated impact of new accounting standards; and business interruptions. Certain of these risks and uncertainties are discussed in more detail in the “Risk Factors” section contained in Item 1A of Part 1 of our Annual Report on Form 10-K for the fiscal year ended August 28, 2021, and these factors of risk should be read carefully. Forward-looking statements are not guarantees of future performance, actual results, developments and business decisions may differ from those contemplated by such forward-looking statements, and the events described above and in the “Risk Factors” could have a material and adverse effect on our business. However, it should be understood that it is not possible to identify or predict all of these risks and other factors that could affect these forward-looking statements. Forward-looking statements speak only as of the date they are made. Except as required by applicable law, we undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise.

AUTOZONE, INC., © 2022 ALL RIGHTS RESERVED.

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Fourth Quarter Fiscal 2022 Conference Call

September 19, 2022

AUTOZONE, INC., © 2022 ALL RIGHTS RESERVED.

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AUTOZONE, INC., © 2022 ALL RIGHTS RESERVED.

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P&L for the fourth quarter of fiscal 2022

16 weeks completed

16 weeks completed

in millions (excluding EPS and percentages)

August 27, 2022

August 28, 2021

N/(W)

Net sales

$

5,348

$

4,913

8.9%

Gross margin

51.5%

52.3%

(73 basis points)

Operating expense ratio

30.9%

31.0%

12 basis points

Operating profit (EBIT)

$

1,104

$

1,044

5.7%

Operating margin (EBIT)

20.6%

21.3%

(61 basis points)

Interest

$

64.0

$

58.1

(10.1%)

Tax rate

22.1%

20.3%

(180 basis points)

Net revenue

$

810

$

786

3.1%

Diluted shares

20.0

22.0

9.1%

Diluted EPS

$

40.51

$

35.72

13.4%

AUTOZONE, INC., © 2022 ALL RIGHTS RESERVED.

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AutoZone Inc. published this content on September 19, 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unmodified, on September 19, 2022 14:49:02 UTC.

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All the news about AUTOZONE, INC.

Analyst Recommendations for AUTOZONE, INC.

2022 sales 16,063 million

Net income 2022 2,392 million

Net debt 2022 5,714 million

PER 2022 ratio 18.8x
2022 return
Capitalization 42,203M
42,203M
EV / Sales 2022 2.98x
EV / Sales 2023 2.83x
# of employees 85,050
Floating 94.1%


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Trends Technical Analysis AUTOZONE, INC.

Short term Middle term Long term
Tendencies Bearish Bullish Bullish




Evolution of the income statement

Sale

To buy

Medium consensus SURPASS
Number of analysts 24
Last closing price $2,165.65
Average target price $2,240.26
Average Spread / Target 3.45%


Michael P. Boser