Stock Analysis on Net
Stock Analysis on Net

AutoZone Inc. (NYSE:AZO)

This company has been moved to the archive! The financial data has not been updated since December 18, 2023.

Common-Size Income Statement

AutoZone Inc., common-size consolidated income statement

Microsoft Excel
12 months ended: Aug 26, 2023 Aug 27, 2022 Aug 28, 2021 Aug 29, 2020 Aug 31, 2019 Aug 25, 2018
Net sales 100.00 100.00 100.00 100.00 100.00 100.00
Cost of sales, including warehouse and delivery expenses -48.04 -47.87 -47.25 -46.40 -46.35 -46.76
Gross profit 51.96% 52.13% 52.75% 53.60% 53.65% 53.24%
Operating, selling, general and administrative expenses -32.06 -32.01 -32.63 -34.46 -34.97 -37.10
Operating profit 19.90% 20.12% 20.13% 19.14% 18.68% 16.14%
Interest expense, less capitalized interest -1.82 -1.22 -1.37 -1.64 -1.62 -1.61
Interest income 0.07 0.04 0.04 0.05 0.06 0.05
Interest expense, net -1.75% -1.18% -1.34% -1.59% -1.56% -1.56%
Income before income taxes 18.15% 18.95% 18.79% 17.55% 17.12% 14.58%
Income tax expense -3.66 -4.00 -3.96 -3.83 -3.49 -2.66
Net income 14.48% 14.95% 14.84% 13.72% 13.63% 11.92%

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).

Income statement item Description The company
Operating profit The net result for the period of deducting operating expenses from operating revenues. AutoZone Inc. operating profit as a percentage of net sales decreased from 2021 to 2022 and from 2022 to 2023.
Income before income taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. AutoZone Inc. income before income taxes as a percentage of net sales increased from 2021 to 2022 but then decreased significantly from 2022 to 2023.
Net income The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. AutoZone Inc. net income as a percentage of net sales increased from 2021 to 2022 but then decreased significantly from 2022 to 2023.