AutoZone Inc (AZO)

Gross profit margin

		Aug 31, 2024	May 4, 2024	Feb 10, 2024	Nov 18, 2023	Aug 26, 2023	May 6, 2023	Feb 11, 2023	Nov 19, 2022	Aug 27, 2022	May 7, 2022	Feb 12, 2022	Nov 20, 2021	Aug 28, 2021	May 8, 2021	Feb 13, 2021	Nov 21, 2020	Aug 29, 2020	May 9, 2020	Nov 23, 2019	Aug 31, 2019
Gross profit (ttm)	US$ in thousands	9,817,050	9,558,860	9,439,470	9,289,820	9,070,420	8,826,600	8,686,880	8,542,110	8,472,650	8,284,640	8,193,180	7,967,330	7,717,790	7,562,930	7,138,630	7,080,320	7,535,100	6,614,140	6,448,600	6,365,000
Revenue (ttm)	US$ in thousands	18,490,270	17,975,510	17,830,570	17,662,420	17,457,210	17,114,950	16,889,630	16,568,400	16,252,230	15,817,350	15,603,150	15,144,220	14,629,580	14,262,070	13,390,350	13,272,570	14,106,750	12,343,790	12,015,060	11,863,750
Gross profit margin		53.09%	53.18%	52.94%	52.60%	51.96%	51.57%	51.43%	51.56%	52.13%	52.38%	52.51%	52.61%	52.75%	53.03%	53.31%	53.35%	53.41%	53.58%	53.67%	53.65%

August 31, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $9,817,050K ÷ $18,490,270K
= 53.09%

AutoZone Inc's gross profit margin has shown relative stability over the historical period provided, ranging from 51.43% to 53.67%. The company managed to maintain its gross profit margin above 50% consistently, indicating a strong ability to generate profits from its core operations. The upward trend in gross profit margin from 2019 to 2021 suggests improved cost management and pricing strategies. However, the slight fluctuations seen in recent quarters may indicate some variability in the cost of goods sold or pricing strategies. Overall, AutoZone Inc's gross profit margin reflects a healthy level of operational efficiency and profitability in its business.