=AutoZone (AZO) reported earnings on Tue 18 Sept 18 (b/o)

AutoZone beats by $0.63, misses on revs 

• Reports Q4 (Aug) earnings of $18.54 per share, excluding non-recurring items, $0.63 better than the S&P Capital IQ Consensus of $17.91; revenues rose 1.3% year/year to $3.56 bln vs the $3.6 bln S&P Capital IQ Consensus.
• Domestic same store sales, or sales for stores open at least one year, increased 2.2% for the quarter.
• For the quarter, gross profit, as a percentage of sales, was 53.6% (versus 52.8% the same period last year). The increase in gross margin was attributable to the impact of the sale of two business units completed during the year (+72 bps) and higher merchandise margins, partially offset by higher supply chain costs. Operating expenses, as a percentage of sales, were 37.0% (versus 32.6% the same period last year). The increase was primarily due to the charges related to the termination of the pension plans of $130.3 million (-366 bps) and domestic store payroll.

Earnings expected this week : Sept 17 - 21, 18 (wk 38)

Earnings confirmed for this week

Monday (Sept 17) 

• Morning: None
• Afternoon: FDX  ORCL

Tuesday (Sept 18)

• Morning: APOG AZO CBRL GIS 
• Afternoon: None

Wednesday (Sept 19)

• Morning: CPRT
• Afternoon: MLHR  RHT

Thursday (Sept 20)

• Morning: DRI   THO
• Afternoon: MU  SCS  UNFI

Friday (Sept 21)

• Morning: None

-=AutoZone (AZO) reported earnings on Tue 22 May 18 (b/o)

AutoZone beats by $0.43, misses on revs 
Reports Q3 (May) earnings of $13.42 per share, $0.43 better than the Capital IQ Consensus of $12.99; revenues increased 1.5% year/year to $2.66 bln vs the $2.71 bln Capital IQ Consensus. For the quarter, gross profit, as a percentage of sales, was 53.5% (versus 52.6% for the same period last year). 

=O'Reilly Automotive (ORLY) warns of weaker-than-expected comps

• Worst day ever for ORLY

O'Reilly Auto sees Q2 comps +1.7% vs. +3-5% guidance :

• comparable store sales results of 1.7%, which fell short of previously issued second quarter comparable store sales guidance of 3% to 5%, and announced the release date for its full second quarter 2017 results as Wednesday, July 26, 2017, with a conference call to follow on Thursday, July 27, 2017.
• Greg Henslee, O'Reilly's CEO stated, "After exiting the first quarter and entering April on an improved sales trend, we faced a more challenging sales environment than we expected for the remainder of the quarter. Our second quarter comparable store sales results of 1.7% represent an improvement over our first quarter, but fell below our guidance of 3% to 5%, due to what we believe were continued headwinds from a second consecutive mild winter and overall weak consumer demand. The comparable store sales shortfall will also have a consequent impact on our operating profitability, which we will report in our full second quarter earnings release on July 26th." Mr. Henslee added, "While we are disappointed with our sales results in the first half of the year, we remain confident in the long-term health of our industry and our team's ability to provide exceptional customer service and take market share in this challenging demand environment."
• Peers: AAP, AZO, GPC

=AutoZone (AZO) reported earnings on Tue 23 May 2017 (b/o)

AutoZone misses by $0.51, misses on revs :

• Reports Q3 (May) earnings of $11.44 per share, $0.51 worse than the Capital IQ Consensus of $11.95; revenues rose 1.0% year/year to $2.62 bln vs the $2.7 bln Capital IQ Consensus. Domestic comps -0.8%.
• For the quarter, gross profit, as a percentage of sales, was 52.6% (21 bps deleverage versus the same period last year). The decrease in gross margin was attributable to higher supply chain costs associated with current year inventory initiatives (-28 bps) and higher inventory shrink results (-20 bps), partially offset by lower acquisition costs. Operating expenses, as a percentage of sales, were 32.4% (25 bps deleverage versus the same period last year). Operating expenses, as a percentage of sales, were higher than last year primarily from fixed cost deleverage due to our comparable stores sales decline, higher self-insurance cost and increasing wage pressures, partially offset by favorability from last year's discrete legal charge and lower incentive compensation. Under its share repurchase program, AutoZone repurchased 396 thousand shares of its common stock for $284 million during the third quarter, at an average price of $716 per share.
• At the end of the third quarter, the Company had $1.051 billion remaining under its current share repurchase authorization. The Company's inventory increased 7.3% over the same period last year, driven by new stores and increased product placement.

AutoZone (AZO) reported earnings Tue 8 Dec 2015 (before open)

** chart 2 days before earnings **

** charts after earnings **

AutoZone beats by $0.05, reports revs in-line :

• Reports Q1 (Nov) earnings of $8.29 per share, $0.05 better than the Capital IQ Consensus of $8.24; revenues rose 5.6% year/year to $2.39 bln vs the $2.39 bln Capital IQ Consensus.
• Domestic comps +3.5%.
• For the quarter, gross profit, as a percentage of sales, was 52.5% (versus 52.1% for last year's quarter). The improvement in gross margin was attributable to higher merchandise margins, partially offset by higher supply chain costs associated with current year inventory initiatives (-37 bps).
• Under its share repurchase program, AutoZone repurchased 537 thousand shares of its common stock for $400 million during the first quarter, at an average price of $746 per share. At the end of the first quarter, the Company had $698 million remaining under its current share repurchase authorization.