AutoZone reported that its fiscal third-quarter sales rose 1.0% from year-earlier levels, but domestic same store sales slipped 0.8% for the quarter
The comparable sales decline struck a sour note for the company, continuing a downward trend from the second quarter, when same same-store sales were flat after a steady string of quarterly gains. The company said the performance was weaker in the first part of the latest quarter, with a rebound in later weeks, signaling that the comparable-store decline may have been stemmed.
As of Feb 11, 2017, the company operated 5,872 total stores, most of them in the US. A bit less than 10% are in Mexico. In terms of total stores and revenue, AutoZone is the largest company in eMarketer's Auto & Marine Parts Stores sector, trailed closely by Canadian Tire, Advance Auto Parts and O'Reilly Auto Parts.
Below are some key data points about AutoZone drawn from eMarketer's Retail & Ecommerce database:
Store productivity: Average sales per square foot have risen in each of the past five years, rising 4.4% in fiscal 2016.
Comparable sales: Same-store sales have been up in four of the past five fiscal years, with the lone exception being fiscal 2013, when sales were flat.
Real estate: The total number of stores has edged higher each year since 2012, rising between 3.4% and 4.0% each year.