AutoZone (AZO) Revenue — Quarter Ended Nov 18, 2023
Revenue for the quarter increased compared to both the prior quarter and the same period last year. The company noted that its primary liquidity source remains cash flows from sales.
Key takeaway
Quarter ended Nov 18, 2023 · FY2024 Q1
Revenue for the quarter increased compared to both the prior quarter and the same period last year. The company noted that its primary liquidity source remains cash flows from sales.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$4.2B
Revenue reported for this quarter.
Quarter-over-quarter
+2.4%
Change from the immediately preceding quarter.
Year-over-year
+5.1%
Change from the comparable year-ago quarter.
Trailing four quarters
$16B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Nov 19, 2022 | $4B | +8.6% |
| Feb 11, 2023 | $3.7B | +9.5% |
| May 6, 2023 | $4.1B | +5.8% |
| Nov 18, 2023 | $4.2B | +5.1% |
Revenue performance
Reported revenue rose relative to the preceding quarter. The year-over-year comparison also showed an increase.
Quarterly comparison
When compared to the immediately preceding quarter, revenue was higher. Against the same quarter one year earlier, revenue also showed an improvement.
What to watch
The filing contains a risk factor noting that decreased product demand or changes in customer buying patterns could negatively affect cash generation.