9/20/11

AutoZone’s web sales outpace store growth

Web and same-store sales rose 11.7% and 6.3%, respectively, for the auto parts retailer.

Bill Briggs , Senior Editor

AutoZone Inc. saw sales and earnings grow in fiscal 2011.

For the year ended Aug. 27, AutoZone, No. 121 in the Internet Retailer Top 500 Guide, reported:

Internet Retailer calculates the web represented 2.1% of total sales, compared with 2.0% in 2010.

“For fiscal 2011, we delivered 30% growth in earnings per share,” says Bill Rhodes, chairman, president and CEO. “We also achieved several all-time company records: exceeded $8 billion in sales, surpassed $1 billion in commercial sales, grew fiscal year EBIT margin to 18.5% and exceeded 30% return on invested capital ending the year at 31.3%.”

EBIT refers to earnings before interest and taxes.

For the fourth quarter, AutoZone reported:

Internet Retailer calculates the web represented 2.0% of total sales, the same as in the prior year quarter.

Topics:

2011 earnings, 2011 financials, auto parts retailer, AutoZone, AutoZone financials, Bill Rhodes, online auto parts, Q4 2011 earnings, Top 500

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