Autozone Inc. Files 10-Q for Period Ending February 10, 2024

TL;DR

<b>Autozone Inc. filed its quarterly report (10-Q) on March 15, 2024, detailing financial data for the period ending February 10, 2024.</b>

AI Summary

AUTOZONE INC (AZO) filed a Quarterly Report (10-Q) with the SEC on March 15, 2024. Autozone Inc. filed a 10-Q with the SEC on March 15, 2024, for the period ending February 10, 2024. The filing includes data related to treasury stock, common stock, retained earnings, and additional paid-in capital as of February 10, 2024. It also references subsequent events occurring between February 11, 2024, and March 8, 2024. The company's fiscal year ends on August 31. Autozone Inc. is classified under SIC code 5531 for Auto & Home Supply Stores.

Why It Matters

For investors and stakeholders tracking AUTOZONE INC, this filing contains several important signals. This filing provides investors with updated financial information, including changes in equity accounts and details on subsequent events, crucial for assessing the company's financial health and recent performance. The inclusion of specific dates for stock transactions and equity balances allows for a precise analysis of capital structure changes and potential impacts on shareholder value.

Risk Assessment

Risk Level: low — AUTOZONE INC shows low risk based on this filing. The filing is a standard 10-Q report, which typically contains routine financial information and does not indicate any unusual or significant risks beyond normal business operations.

Analyst Insight

Monitor future filings for specific revenue, net income, and EPS figures to gauge Autozone's ongoing financial performance and growth trajectory.

Key Numbers

• 2024-02-10 — Reporting Period End Date (Conformed Period of Report)
• 2024-03-15 — Filing Date (Filed as of Date)
• 08-31 — Fiscal Year End (Fiscal Year End)
• 5531 — SIC Code (Standard Industrial Classification)

Key Players & Entities

• AUTOZONE INC (company) — Filer name
• 0000866787 (company) — Central Index Key
• NV (company) — State of Incorporation
• MEMPHIS (company) — Business Address City
• TN (company) — Business Address State
• 9014956500 (company) — Business Phone

FAQ

Industry Context

Autozone operates in the retail auto and home supply stores industry, a sector focused on providing automotive parts, accessories, and related services.

Regulatory Implications

The filing is a 10-Q, a quarterly report required by the Securities and Exchange Commission (SEC) for publicly traded companies to provide updates on their financial condition.

What Investors Should Do

1. Review the full 10-Q filing for detailed financial statements and management's discussion and analysis.
2. Track future earnings reports to compare performance against this period.
3. Analyze the impact of any disclosed subsequent events on the company's outlook.

Key Dates

• 2024-02-10: Period End Date — End of the reporting quarter for financial data.
• 2024-03-15: Filing Date — Date the 10-Q was officially filed with the SEC.
• 2024-02-11: Subsequent Event Start Date — Beginning of the period for subsequent events.
• 2024-03-08: Subsequent Event End Date — End of the period for subsequent events.

Year-Over-Year Comparison

This is the first 10-Q filing for the period ending February 10, 2024, and provides updated financial information compared to previous filings.

Key Financial Figures

• $0.01 — ange on which Registered Common Stock ($0.01 par value) AZO New York Stock Excha

Filing Documents

• azo-20240210x10q.htm (10-Q) — 1905KB
• azo-20240210xex10d2.htm (EX-10.2) — 50KB
• azo-20240210xex15d1.htm (EX-15.1) — 5KB
• azo-20240210xex31d1.htm (EX-31.1) — 10KB
• azo-20240210xex31d2.htm (EX-31.2) — 10KB
• azo-20240210xex32d1.htm (EX-32.1) — 6KB
• azo-20240210xex32d2.htm (EX-32.2) — 7KB
• azo-20240210x10q001.jpg (GRAPHIC) — 11KB
• 0001558370-24-003413.txt (&nbsp;) — 6629KB
• azo-20240210.xsd (EX-101.SCH) — 31KB
• azo-20240210_cal.xml (EX-101.CAL) — 46KB
• azo-20240210_def.xml (EX-101.DEF) — 131KB
• azo-20240210_lab.xml (EX-101.LAB) — 272KB
• azo-20240210_pre.xml (EX-101.PRE) — 230KB
• azo-20240210x10q_htm.xml (XML) — 1168KB

Financial Statements

Financial Statements 3 CONDENSED CONSOLIDATED BALANCE SHEETS 3 CONDENSED CONSOLIDATED STATEMENTS OF INCOME 4 CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME 4 CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS 5 CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' DEFICIT 6 NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 7 REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM 17 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 18 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 27 Item 4.

Controls and Procedures

Controls and Procedures 27 PART II. OTHER INFORMATION 27 Item 1.

Legal Proceedings

Legal Proceedings 27 Item 1A.

Risk Factors

Risk Factors 28 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 28 Item 3. Defaults Upon Senior Securities 28 Item 4. Mine Safety Disclosures 28 Item 5. Other Information 28 Item 6. Exhibits 28

SIGNATURES

SIGNATURES 30 2 Table of Contents

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION

Financial Statements

Item 1. Financial Statements. AUTOZONE, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) February 10, August 26, (in thousands) 2024 2023 Assets Current assets: Cash and cash equivalents $ 304,096 $ 277,054 Accounts receivable 501,117 520,385 Merchandise inventories 5,970,175 5,764,143 Other current assets 381,668 217,844 Total current assets 7,157,056 6,779,426 Property and equipment: Property and equipment 10,847,940 10,337,890 Less: Accumulated depreciation and amortization ( 4,940,456 ) ( 4,741,342 ) 5,907,484 5,596,548 Operating lease right-of-use assets 2,999,294 2,998,097 Goodwill 302,645 302,645 Deferred income taxes 84,700 86,002 Other long-term assets 266,475 223,160 Total long-term assets 3,653,114 3,609,904 Total assets $ 16,717,654 $ 15,985,878 Liabilities and Stockholders' Deficit Current liabilities: Accounts payable $ 7,149,882 $ 7,201,281 Current portion of operating lease liabilities 296,509 257,256 Accrued expenses and other 1,214,996 1,000,841 Income taxes payable 111,222 52,478 Total current liabilities 8,772,609 8,511,856 Long-term debt 8,630,553 7,668,549 Operating lease liabilities, less current portion 2,901,636 2,917,046 Deferred income taxes 539,911 536,278 Other long-term liabilities 710,266 702,043 Commitments and contingencies Stockholders' deficit: Preferred stock, authorized 1,000 shares; no shares issued — — Common stock, par value $ .01 per share, authorized 200,000 shares; 17,351 shares issued and 17,312 shares outstanding as of February 10, 2024; 18,936 shares issued and 17,857 shares outstanding as of August 26, 2023 174 189 Additional paid-in capital 1,485,789 1,484,992 Retained deficit ( 5,978,916 ) ( 2,959,278 ) Accumulated other comprehensive loss ( 204,899 ) ( 190,836 ) Treasury stock, at cost ( 139,469 ) ( 2,684,961 ) Total stockholders' deficit ( 4,837,3

View Full Filing

View this 10-Q filing on SEC EDGAR