AutoZone EPS beats by $4.73, beats on revenue

• AutoZone (NYSE:AZO): FQ1 GAAP EPS of $25.69 beats by $4.73.
• Revenue of $3.67B (+16.5% Y/Y) beats by $290M.
• Press Release
• Domestic same store sales, or sales for stores open at least one year, increased 13.6% for the quarter.
• For the quarter, gross profit, as a percentage of sales, was 52.5%, a decrease of 65 basis points versus the prior year.
• During the quarter ended November 20, 2021, AutoZone opened 15 new stores in the U.S., two stores in Mexico and one store in Brazil.
• As of November 20, 2021, the Company had 6,066 stores in the U.S., 666 in Mexico and 53 in Brazil for a total store count of 6,785.