AutoZone 2013 Annual Report Download - page 132

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70
Note S – Quarterly Summary (1)
(Unaudited)
Twelve Weeks Ended
Seventeen
Weeks Ended
(in thousands, except per share data)
November 17,
2012
February 9,
2013
May 4,
2013
August 31,
2013(2)
Net sales ..........................................
.
$ 1,991,040 $ 1,855,198 $ 2,205,878 $ 3,095,414
Gross profit .....................................
.
1,031,866 961,981 1,142,713 1,604,376
Operating profit ...............................
.
363,276 317,571 456,030 636,220
Income before income taxes............
.
322,172 276,248 413,939 575,324
Net income ......................................
.
203,452 176,247 265,583 371,199
Basic earnings per share ..................
.
5.52 4.86 7.39 10.59
Diluted earnings per share ...............
.
5.41 4.78 7.27 10.42
Twelve Weeks Ended
Sixteen
Weeks Ended
(in thousands, except per share data)
November 19,
2011
February 11,
2012
May 5,
2012
August 25,
2012(2)
Net sales ..........................................
.
$ 1,924,341 $ 1,804,069 $ 2,111,866 $ 2,763,585
Gross profit .....................................
.
983,627 926,215 1,089,799 1,432,394
Operating profit ...............................
.
340,934 300,651 427,250 560,056
Income before income taxes............
.
301,840 261,728 387,507 501,911
Net income ......................................
.
191,125 166,930 248,586 323,733
Basic earnings per share ..................
.
4.79 4.25 6.43 8.65
Diluted earnings per share ...............
.
4.68 4.15 6.28 8.46
(1) The sum of quarterly amounts may not equal the annual amounts reported due to rounding. In addition, the
earnings per share amounts are computed independently for each quarter while the full year is based on the
annual weighted average shares outstanding.
(2) The fourth quarter for fiscal 2013 is based on a 17-week period while fiscal 2012 is based on a 16-week
period. All other quarters presented 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 31, 2013, 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 31, 2013, 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.
10-K