AutoZone Inc (AZO)
Gross profit margin
| Aug 26, 2023 | Aug 27, 2022 | Aug 28, 2021 | Aug 29, 2020 | Aug 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 9,070,420 | 8,472,650 | 7,717,780 | 6,770,750 | 6,365,000 |
| Revenue | US$ in thousands | 17,457,200 | 16,252,200 | 14,629,600 | 12,632,000 | 11,863,700 |
| Gross profit margin | 51.96% | 52.13% | 52.75% | 53.60% | 53.65% |
August 26, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $9,070,420K ÷ $17,457,200K
= 51.96%
The gross profit margin of Autozone Inc. has exhibited a declining trend over the past five years, decreasing from 53.65% in 2019 to 51.96% in 2023. This suggests a reduction in the percentage of revenue left after accounting for cost of goods sold. Factors contributing to this trend may include changes in product pricing, cost of goods sold, or a shift in product mix. It is essential for stakeholders to closely monitor this metric to assess the company's ability to effectively manage its production and distribution costs.
Peer comparison
Aug 26, 2023
Company name
Symbol
Gross profit margin
AutoZone Inc
AZO
51.96%
Advance Auto Parts Inc
AAP
40.09%
MarineMax Inc
HZO
34.88%
O’Reilly Automotive Inc
ORLY
51.91%