AutoZone (AZO) 10-K Summary — Year Ended Aug 31, 2024
AutoZone is an automotive parts retailer. The company reported higher revenue and profitability for the period, with operating cash flow increasing.
Key takeaway
Year ended Aug 31, 2024 · FY2025 10-K
AutoZone is an automotive parts retailer. The company reported higher revenue and profitability for the period, with operating cash flow increasing.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$18.5B
Revenue reported for the fiscal year.
Operating income
$3.8B
Income from operations reported for the year.
Net income
$2.7B
Net income reported for the year.
Operating cash flow
$3B
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Aug 28, 2021 | $14.6B | n/a |
| Aug 27, 2022 | $16.3B | +11.1% |
| Aug 26, 2023 | $17.5B | +7.4% |
| Aug 31, 2024 | $18.5B | +5.9% |
Business overview
AutoZone sells automotive parts, products, and accessories through its retail stores and commercial programs. The company operates a network of stores and a commercial sales channel. Its marketing, merchandising, purchasing, supply chain, and store development activities support its operations.
Financial performance
Revenue for the period increased compared to the prior year. Operating income and net income also rose. Operating cash flow improved, driven by higher net income including the benefit of an additional week of sales.
Material risks
The filing identifies risk factors that could affect the company's business. However, the supplied context does not provide detailed descriptions of these risks. Readers should refer to the full filing for specifics.
Liquidity and capital
The company's primary liquidity source is cash from sales of automotive parts. It maintains cash reserves and a revolving credit facility to fund operations, strategic investments, and share repurchases.
What to watch
Monitor changes in capital expenditure levels, as they increased in the reported period.