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

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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