Income Statement
Quarterly Data

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

AutoZone Inc., consolidated income statement (quarterly data)

US$ in thousands

3 months ended:	Nov 18, 2023	Aug 26, 2023	May 6, 2023	Feb 11, 2023	Nov 19, 2022	Aug 27, 2022	May 7, 2022	Feb 12, 2022	Nov 20, 2021	Aug 28, 2021	May 8, 2021	Feb 13, 2021	Nov 21, 2020	Aug 29, 2020	May 9, 2020	Feb 15, 2020	Nov 23, 2019	Aug 31, 2019	May 4, 2019	Feb 9, 2019	Nov 17, 2018	Aug 25, 2018	May 5, 2018	Feb 10, 2018	Nov 18, 2017
Net sales	4,190,277)	5,690,619)	4,090,541)	3,690,982)	3,985,067)	5,348,354)	3,865,222)	3,369,750)	3,668,904)	4,913,483)	3,651,023)	2,910,818)	3,154,261)	4,545,967)	2,779,299)	2,513,663)	2,793,038)	3,988,436)	2,783,006)	2,450,568)	2,641,733)	3,558,768)	2,660,152)	2,413,026)	2,589,131)
Cost of sales, including warehouse and delivery expenses	(1,976,261)	(2,690,948)	(1,944,415)	(1,760,979)	(1,990,445)	(2,592,504)	(1,858,808)	(1,584,524)	(1,743,744)	(2,345,644)	(1,736,077)	(1,351,435)	(1,478,644)	(2,132,993)	(1,288,651)	(1,147,600)	(1,291,970)	(1,858,036)	(1,290,986)	(1,125,461)	(1,224,259)	(1,650,890)	(1,237,178)	(1,135,980)	(1,223,283)
Gross profit	2,214,016)	2,999,671)	2,146,126)	1,930,003)	1,994,622)	2,755,850)	2,006,414)	1,785,226)	1,925,160)	2,567,839)	1,914,946)	1,559,383)	1,675,617)	2,412,974)	1,490,648)	1,366,063)	1,501,068)	2,130,400)	1,492,020)	1,325,107)	1,417,474)	1,907,878)	1,422,974)	1,277,046)	1,365,848)
Operating, selling, general and administrative expenses	(1,365,412)	(1,777,176)	(1,287,645)	(1,260,026)	(1,271,589)	(1,652,036)	(1,220,744)	(1,158,466)	(1,170,675)	(1,523,809)	(1,111,441)	(1,077,616)	(1,060,392)	(1,394,929)	(998,975)	(958,125)	(1,001,045)	(1,349,624)	(944,497)	(925,087)	(929,656)	(1,316,639)	(877,209)	(1,071,948)	(897,094)
Operating profit	848,604)	1,222,495)	858,481)	669,977)	723,033)	1,103,814)	785,670)	626,760)	754,485)	1,044,030)	803,505)	481,767)	615,225)	1,018,045)	491,673)	407,938)	500,023)	780,776)	547,523)	400,020)	487,818)	591,239)	545,765)	205,098)	468,754)
Interest expense, net	(91,384)	(108,727)	(74,313)	(65,609)	(57,723)	(63,995)	(41,888)	(42,471)	(43,284)	(58,120)	(45,026)	(46,012)	(46,179)	(65,637)	(47,450)	(44,335)	(43,743)	(61,197)	(43,239)	(41,362)	(39,006)	(54,340)	(41,958)	(39,340)	(38,889)
Income before income taxes	757,220)	1,113,768)	784,168)	604,368)	665,310)	1,039,819)	743,782)	584,289)	711,201)	985,910)	758,479)	435,755)	569,046)	952,408)	444,223)	363,603)	456,280)	719,579)	504,284)	358,658)	448,812)	536,899)	503,807)	165,758)	429,865)
Income tax expense	(163,757)	(248,927)	(136,445)	(127,824)	(125,992)	(229,776)	(151,211)	(112,534)	(155,966)	(200,139)	(162,315)	(89,809)	(126,613)	(211,952)	(101,327)	(64,321)	(105,942)	(154,351)	(98,335)	(64,020)	(97,406)	(136,617)	(137,086)	123,772)	(148,862)
Net income	593,463)	864,841)	647,723)	476,544)	539,318)	810,043)	592,571)	471,755)	555,235)	785,771)	596,164)	345,946)	442,433)	740,456)	342,896)	299,282)	350,338)	565,228)	405,949)	294,638)	351,406)	400,282)	366,721)	289,530)	281,003)

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Income statement item	Description	The company
Net sales	Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise.	AutoZone Inc. net sales increased from Q3 2023 to Q4 2023 but then slightly decreased from Q4 2023 to Q1 2024 not reaching Q3 2023 level.
Operating profit	The net result for the period of deducting operating expenses from operating revenues.	AutoZone Inc. operating profit increased from Q3 2023 to Q4 2023 but then decreased significantly from Q4 2023 to Q1 2024.
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 increased from Q3 2023 to Q4 2023 but then decreased significantly from Q4 2023 to Q1 2024.
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 increased from Q3 2023 to Q4 2023 but then decreased significantly from Q4 2023 to Q1 2024.

AutoZone Inc. (NYSE:AZO)

Income StatementQuarterly Data

Income Statement
Quarterly Data