AutoZone 2010 Annual Report Download - page 154

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Quarterly Summary
(1)
(Unaudited)
(in thousands, except pershare data)
November 21,
2009
February 13,
2010
May 8,
2010
August 28,
2010
(2)
Twelve Weeks Ended
Sixteen
Weeks Ended
Net sales ......................................................... $1,589,244 $1,506,225 $1,821,990 $2,445,159
Gross profit .................................................... 799,924 753,736 923,121 1,234,963
Operating profit .............................................. 260,428 230,381 355,865 472,740
Income before income taxes .......................... 224,088 194,072 319,032 423,313
Net income ..................................................... 143,300 123,333 202,745 268,933
Basic earnings per share ................................ 2.86 2.49 4.19 5.77
Diluted earnings per share ............................. 2.82 2.46 4.12 5.66
(in thousands, except per share data)
November 22,
2008
February 14,
2009
May 9,
2009
August 29,
2009
(2)
Twelve Weeks Ended
Sixteen
Weeks Ended
Net sales ......................................................... $1,478,292 $1,447,877 $1,658,160 $2,232,494
Gross profit .................................................... 741,191 719,298 832,907 1,123,053
Operating profit .............................................. 238,539 214,696 305,232 417,596
Income before income taxes .......................... 207,373 182,789 273,750 369,834
Net income ..................................................... 131,371 115,864 173,689 236,126
Basic earnings per share ................................ 2.25 2.05 3.18 4.49
Diluted earnings per share ............................. 2.23 2.03 3.13 4.43
(1) The sum of quarterly amounts may not equal the annual amounts reported due to rounding and due to per
share amounts being computed independently for each quarter while the full year is based on the annual
weighted average shares outstanding.
(2) The fourth quarter for fiscal 2010 and fiscal 2009 are based on a 16-week period. All other quarters pre-
sented are based on a 12-week period.
Item 9. Changes In and Disagreements with Accountants on Accounting and Financial Disclosure
Not applicable.
Item 9A. Controls and Procedures
As of August 28, 2010, an evaluation was performed under the supervision and with the participation of
AutoZone’s management, including the Chief Executive Officer and the Chief Financial Officer, of the
effectiveness of the design and operation of our disclosure controls and procedures, as defined in
Rules 13a-15(e) and 15d-15(e) under the Exchange Act, as amended. Based on that evaluation, our
management, including the Chief Executive Officer and the Chief Financial Officer, concluded that our
disclosure controls and procedures were effective. During our fiscal fourth quarter ended August 28, 2010,
there were no changes in our internal controls that have materially affected or are reasonably likely to
materially affect internal controls over financial reporting.
Item 9B. Other Information
Not applicable.
64
10-K