AutoZone: Second Quarter Fiscal 2022 Conference Call Presentation







Publication of second quarter results, fiscal year 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: product demand; energy prices; weather; competetion; 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 such 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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Second Quarter Fiscal 2022 Conference Call

March 1, 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 second quarter of fiscal 2022

12 weeks completed

12 weeks completed

in millions (excluding EPS and percentages)

02/12/2022

02/13/2021

N/(W)

Net sales

$

3,370

$

2,911

15.8%

Gross margin

53.0%

53.6%

(59 basis points)

Operating expense ratio

34.4%

37.0%

264 basis points

Operating profit (EBIT)

$

627

$

482

30.1%

Operating margin (EBIT)

18.6%

16.6%

205 basis points

Interest

$

42.5

$

46.0

7.7%

Tax rate

19.3%

20.6%

135 basis points

Net revenue

$

472

$

346

36.4%

Diluted shares

21.2

23.2

8.7%

Diluted EPS

$

10:30 p.m.

$

14.93

49.4%

AUTOZONE, INC., © 2022 ALL RIGHTS RESERVED.

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AutoZone Inc. published this content on March 01, 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unmodified, on March 01, 2022 15:07:42 UTC.

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All the news about AUTOZONE, INC.

Analyst Recommendations for AUTOZONE, INC.

2022 sales 15,507 million

2022 net income 2,231 million

Net debt 2022 4,698 million

PER 2022 ratio 17.2x
2022 return
Capitalization 37,494 million
37,494 million
EV / Sales 2022 2.72x
EV / Sales 2023 2.62x
# of employees 85,050
Floating


Duration :

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AutoZone, Inc. Technical Analysis Chart |  MarketScreener

Trends Technical Analysis AUTOZONE, INC.

Short term Middle term Long term
Tendencies Bearish Neutral Bullish



Evolution of the income statement

To sell

To buy

Medium consensus SURPASS
Number of analysts 25
Last closing price

$1,817.06

Average target price

$2,144.16

Average Spread / Target 18.0%


Michael P. Boser