AutoZone Reports Strong 4th Quarter and Fiscal 2023 Results
Net Income Rises to $864.8 Million in Q4, Reaching $2.5 Billion for the Fiscal Year
By USInMinutes
Published - Sep 19, 2023, 01:04 PM ET
Last Updated - Sep 19, 2023, 01:04 PM EDT
AutoZone,(AZO) a leading autom otive parts and accessories retailer, has announced impressive financial results for the fourth quarter of fiscal 2023. The company reported a net income of $864.8 million for the 16 weeks ending on August 26, 2023, marking a significant increase compared to the same period last year when the net income was $810.0 million.
Revenue Growth in Fiscal 2023
Throughout fiscal 2023, AutoZone experienced robust revenue growth, with net sales reaching $17.5 billion. This represents a notable increase from the previous fiscal year, during which the company reported net sales of $16.3 billion.
