Analysis of Revenues
Revenues as Reported
AutoZone Inc., income statement, revenues
US$ in thousands
Based on: 10-K (reporting date: 2023-08-26), 10-K (reporting date: 2022-08-27), 10-K (reporting date: 2021-08-28), 10-K (reporting date: 2020-08-29), 10-K (reporting date: 2019-08-31), 10-K (reporting date: 2018-08-25).
- Failure Costs
- The failure costs exhibit a consistent upward trend over the six-year period. Beginning at approximately $5.34 billion in 2018, these costs have steadily increased each year, reaching about $8.41 billion by 2023. This represents a significant growth, indicating rising expenses related to product or service failures.
- Maintenance Items
- The maintenance items category also shows a steady increase from $3.91 billion in 2018 to $6.22 billion in 2023. This consistent rise suggests increasing investments or expenses in maintenance-related activities, reflecting possibly greater upkeep demands or expansions in maintenance services over time.
- Discretionary Spending
- Discretionary spending rose from roughly $1.70 billion in 2018 to $2.51 billion in 2023. While there is a general upward movement, the growth rate slows down notably after 2021, indicating a potential stabilization in discretionary expense levels or a strategic control on such spending in recent years.
- Auto Parts Stores Revenue
- Revenue from auto parts stores demonstrates robust growth, increasing from about $10.95 billion in 2018 to $17.15 billion in 2023. This strong upward trajectory reflects expansion in sales volume or pricing enhancements within the auto parts sector, contributing substantially to overall sales growth.
- Other Revenue
- The other revenue category remains relatively minor but shows a gradual increase from $270 million in 2018 to $312 million in 2023. Despite its small size compared to other categories, it maintains a slow, positive growth trend.
- Net Sales
- Net sales present a clear and consistent increasing trend, rising from approximately $11.22 billion in 2018 to $17.46 billion in 2023. This growth mirrors the trends observed in the auto parts stores segment and aligns with rising maintenance and failure-related costs, indicating overall business expansion and increased market activity.