Financials
AutoZone’s Fiscal Q4 Sales Up 9%
For AutoZone’s 2022 fiscal year, sales were up 11.1% to $16.3 billion, while domestic same-store sales were up 8.4%.
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For AutoZone’s 2022 fiscal year, sales were up 11.1% to $16.3 billion, while domestic same-store sales were up 8.4%.
Advance CEO Tom Greco acknowledged that it was “a more challenging quarter on the top line than we expected.”
Second-quarter sales were up 6% to $3.7 billion.
Sales for the Automotive Parts Group were up 8.5% to $3.5 billion.
Comparable-store sales increased by 0.6%.
DIFM sales continue to rebound from the lows of the pandemic.
Sales in the Automotive Parts Group were $3.3 billion, up nearly 11%.
Comparable-store sales were up 4.8%.
Domestic same-store sales for the quarter, which ended Feb. 12, increased 13.8%.
Full-year sales for GPC’s Automotive Parts Group were $12.5 billion, up from $10.9 billion in 2021.
