Financials
AutoZone’s Commercial Sales Grow 14% In Fiscal First Quarter
Overall, AutoZone reported net sales of $2.8 billion for its fiscal first quarter, a nearly 6% year-over-year increase.
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Overall, AutoZone reported net sales of $2.8 billion for its fiscal first quarter, a nearly 6% year-over-year increase.
While the Trump administration's tariffs on imported Chinese goods haven’t had an impact on AutoZone's bottom line, customers can expect to pay higher prices for auto parts as the trade war drags on.
AutoZone is ringing in its fiscal new year with plenty to toast, after the company reported record sales and continued to make inroads with commercial customers during its fiscal 2019, which ended Aug. 31.
CEO Tom Greco made it clear the company needs to address “some internal factors” to rev up the do-it-yourself side of the business.
Comparable store sales for the second quarter, which ended July 13, were flat year-over-year.
Sales for the first six months of 2019 increased to $5 billion, up 6% from $4.74 billion for the first six months of 2018.
Advance reported Q1 net sales of nearly $3 billion, up from nearly $2.9 billion in Q1 2018.
AutoZone CEO Bill Rhodes said it’s “too early for us to know the implications” of the tariff increase on the $200 billion worth of Chinese goods.
AutoZone reported net sales of $2.8 billion for its fiscal third quarter, a year-over-year increase of 4.6%.
The company continues to take a hit from its dispute with U.S. Customs and Border Protection.
