Subtext

AutoZone, Inc. AZO

SectorConsumer Discretionary
Transcripts78
Date range2005-12-08 – 2025-03-04
Calls charted78

Sentiment timeline

Net Loughran-McDonald sentiment per call (×1000), earliest → latest.

-23-11+0+11+232006 Q12008 Q32011 Q12013 Q32016 Q12018 Q32021 Q12023 Q32006 Q1 · Overall: +15.12006 Q2 · Overall: +12.82006 Q3 · Overall: +15.22006 Q4 · Overall: +17.32007 Q1 · Overall: +11.42007 Q2 · Overall: +15.42007 Q3 · Overall: +15.02007 Q4 · Overall: +16.22008 Q1 · Overall: +9.72008 Q2 · Overall: +13.52008 Q3 · Overall: +14.32008 Q4 · Overall: +12.02009 Q1 · Overall: +7.22009 Q2 · Overall: +10.92009 Q3 · Overall: +11.52009 Q4 · Overall: +10.52010 Q1 · Overall: +13.62010 Q2 · Overall: +12.52010 Q3 · Overall: +14.72010 Q4 · Overall: +19.72011 Q1 · Overall: +14.22011 Q2 · Overall: +13.42011 Q3 · Overall: +13.22011 Q4 · Overall: +14.42012 Q1 · Overall: +11.72012 Q2 · Overall: +13.72012 Q3 · Overall: +10.32012 Q4 · Overall: +9.92013 Q1 · Overall: +9.42013 Q2 · Overall: +8.12013 Q3 · Overall: +11.42013 Q4 · Overall: +14.32014 Q1 · Overall: +9.02014 Q2 · Overall: +5.72014 Q3 · Overall: +8.22014 Q4 · Overall: +12.92015 Q1 · Overall: +12.62015 Q2 · Overall: +11.52015 Q3 · Overall: +12.62015 Q4 · Overall: +12.02016 Q1 · Overall: +12.02016 Q2 · Overall: +8.92016 Q3 · Overall: +5.52016 Q4 · Overall: +9.42017 Q1 · Overall: +6.52017 Q2 · Overall: +3.22017 Q3 · Overall: +4.32017 Q4 · Overall: +8.92018 Q1 · Overall: +8.92018 Q2 · Overall: +6.92018 Q3 · Overall: +9.02018 Q4 · Overall: +8.22019 Q1 · Overall: +9.72019 Q2 · Overall: +10.02019 Q3 · Overall: +13.82019 Q4 · Overall: +13.82020 Q1 · Overall: +12.72020 Q2 · Overall: +7.42020 Q3 · Overall: -1.02020 Q4 · Overall: +4.12021 Q1 · Overall: +10.72021 Q2 · Overall: +7.82021 Q3 · Overall: +13.82021 Q4 · Overall: +14.52022 Q1 · Overall: +12.02022 Q2 · Overall: +16.82022 Q3 · Overall: +10.72022 Q4 · Overall: +11.22023 Q1 · Overall: +11.62023 Q2 · Overall: +13.82023 Q3 · Overall: +9.02023 Q4 · Overall: +14.42024 Q1 · Overall: +10.12024 Q2 · Overall: +11.22024 Q3 · Overall: +9.12024 Q4 · Overall: +12.72025 Q1 · Overall: +10.52025 Q2 · Overall: +12.4
Overall

CEO vs CFO

Average sentiment of each executive's remarks per call. Divergence is a signal.

-29-14+0+14+292006 Q12008 Q32011 Q12013 Q32016 Q12018 Q32021 Q12023 Q32006 Q1 · CEO: +18.72006 Q2 · CEO: +19.32006 Q3 · CEO: +21.72006 Q4 · CEO: +19.72007 Q1 · CEO: +16.42007 Q2 · CEO: +22.32007 Q3 · CEO: +17.42007 Q4 · CEO: +20.02008 Q1 · CEO: +15.32008 Q2 · CEO: +17.42008 Q3 · CEO: +19.12008 Q4 · CEO: +21.22009 Q1 · CEO: +14.12009 Q2 · CEO: +16.22009 Q3 · CEO: +15.92009 Q4 · CEO: +18.42010 Q1 · CEO: +18.12010 Q2 · CEO: +18.22010 Q3 · CEO: +18.12010 Q4 · CEO: +24.72011 Q1 · CEO: +18.72011 Q2 · CEO: +18.32011 Q3 · CEO: +18.82011 Q4 · CEO: +20.72012 Q1 · CEO: +19.32012 Q2 · CEO: +18.62012 Q3 · CEO: +18.92012 Q4 · CEO: +14.82013 Q1 · CEO: +16.62013 Q2 · CEO: +14.52013 Q3 · CEO: +23.02013 Q4 · CEO: +25.22014 Q1 · CEO: +16.22014 Q2 · CEO: +16.52014 Q3 · CEO: +17.32014 Q4 · CEO: +21.92015 Q1 · CEO: +16.82015 Q4 · CEO: +20.82016 Q1 · CEO: +17.72016 Q2 · CEO: +15.92016 Q3 · CEO: +10.12016 Q4 · CEO: +17.32017 Q1 · CEO: +11.72017 Q3 · CEO: +8.52017 Q4 · CEO: +13.02018 Q1 · CEO: +14.42018 Q2 · CEO: +13.92018 Q3 · CEO: +19.22018 Q4 · CEO: +16.22019 Q1 · CEO: +14.72019 Q2 · CEO: +16.82019 Q3 · CEO: +20.42019 Q4 · CEO: +20.82020 Q1 · CEO: +18.92020 Q2 · CEO: +12.22020 Q3 · CEO: +0.42020 Q4 · CEO: +3.92021 Q1 · CEO: +11.12021 Q2 · CEO: +6.42021 Q3 · CEO: +15.22022 Q1 · CEO: +11.92022 Q2 · CEO: +15.22022 Q3 · CEO: +8.22022 Q4 · CEO: +17.42023 Q1 · CEO: +15.72023 Q2 · CEO: +17.72023 Q3 · CEO: +7.82023 Q4 · CEO: +18.72024 Q1 · CEO: +10.42024 Q3 · CEO: +10.62024 Q4 · CEO: +18.22006 Q3 · CFO: +16.22006 Q4 · CFO: +18.82007 Q1 · CFO: +16.42007 Q2 · CFO: +15.32007 Q3 · CFO: +24.92007 Q4 · CFO: +25.02008 Q1 · CFO: +6.22008 Q3 · CFO: +14.32008 Q4 · CFO: +8.02009 Q1 · CFO: +11.72009 Q2 · CFO: +11.52009 Q3 · CFO: +12.02009 Q4 · CFO: +9.62010 Q1 · CFO: +18.32010 Q2 · CFO: +13.92010 Q3 · CFO: +19.22010 Q4 · CFO: +18.52011 Q1 · CFO: +13.62011 Q2 · CFO: +15.02011 Q3 · CFO: +14.02011 Q4 · CFO: +12.72012 Q1 · CFO: +15.12012 Q2 · CFO: +17.32012 Q3 · CFO: +14.62012 Q4 · CFO: +11.02013 Q1 · CFO: +10.02013 Q2 · CFO: +9.22013 Q3 · CFO: +6.92013 Q4 · CFO: +11.42014 Q1 · CFO: +9.12014 Q2 · CFO: +1.92014 Q3 · CFO: +9.72014 Q4 · CFO: +10.52015 Q1 · CFO: +17.02015 Q4 · CFO: +8.12016 Q2 · CFO: +5.12016 Q3 · CFO: +7.12016 Q4 · CFO: +4.52017 Q1 · CFO: +4.42017 Q2 · CFO: +9.92017 Q3 · CFO: +9.42017 Q4 · CFO: +12.52018 Q1 · CFO: +9.02018 Q2 · CFO: +1.02018 Q3 · CFO: +5.72018 Q4 · CFO: +0.02019 Q1 · CFO: +9.42019 Q2 · CFO: +5.52019 Q3 · CFO: +12.72019 Q4 · CFO: +15.22020 Q1 · CFO: +7.52020 Q2 · CFO: +6.82020 Q3 · CFO: +3.22020 Q4 · CFO: +13.92021 Q1 · CFO: +18.62021 Q2 · CFO: +14.82021 Q3 · CFO: +23.72021 Q4 · CFO: +22.92022 Q1 · CFO: +18.22022 Q2 · CFO: +21.72022 Q3 · CFO: +17.12022 Q4 · CFO: +12.62023 Q1 · CFO: +11.92023 Q2 · CFO: +16.52023 Q3 · CFO: +16.42023 Q4 · CFO: +14.72024 Q1 · CFO: +23.22024 Q2 · CFO: +11.32024 Q3 · CFO: +15.62024 Q4 · CFO: +12.02025 Q1 · CFO: +12.82025 Q2 · CFO: +13.8
CEOCFO

Prepared remarks vs Q&A

Scripted tone vs unscripted answers. The gap is information.

-29-14+0+14+292006 Q12008 Q32011 Q12013 Q32016 Q12018 Q32021 Q12023 Q32006 Q1 · Prepared remarks: +15.52006 Q2 · Prepared remarks: +17.32006 Q3 · Prepared remarks: +15.52006 Q4 · Prepared remarks: +23.42007 Q1 · Prepared remarks: +13.52007 Q2 · Prepared remarks: +21.52007 Q3 · Prepared remarks: +22.32007 Q4 · Prepared remarks: +23.02008 Q1 · Prepared remarks: +16.42008 Q2 · Prepared remarks: +17.62008 Q3 · Prepared remarks: +18.32008 Q4 · Prepared remarks: +20.32009 Q1 · Prepared remarks: +16.42009 Q2 · Prepared remarks: +13.02009 Q3 · Prepared remarks: +16.12009 Q4 · Prepared remarks: +17.22010 Q1 · Prepared remarks: +17.72010 Q2 · Prepared remarks: +19.22010 Q3 · Prepared remarks: +18.82010 Q4 · Prepared remarks: +24.82011 Q1 · Prepared remarks: +18.82011 Q2 · Prepared remarks: +16.32011 Q3 · Prepared remarks: +18.52011 Q4 · Prepared remarks: +19.02012 Q1 · Prepared remarks: +19.32012 Q2 · Prepared remarks: +18.82012 Q3 · Prepared remarks: +19.12012 Q4 · Prepared remarks: +15.12013 Q1 · Prepared remarks: +12.92013 Q2 · Prepared remarks: +13.22013 Q3 · Prepared remarks: +19.42013 Q4 · Prepared remarks: +21.02014 Q1 · Prepared remarks: +16.22014 Q2 · Prepared remarks: +14.72014 Q3 · Prepared remarks: +18.42014 Q4 · Prepared remarks: +19.42015 Q1 · Prepared remarks: +18.62015 Q2 · Prepared remarks: +15.62015 Q3 · Prepared remarks: +16.12015 Q4 · Prepared remarks: +16.12016 Q1 · Prepared remarks: +17.62016 Q2 · Prepared remarks: +13.72016 Q3 · Prepared remarks: +11.22016 Q4 · Prepared remarks: +13.92017 Q1 · Prepared remarks: +9.92017 Q2 · Prepared remarks: +7.82017 Q3 · Prepared remarks: +7.92017 Q4 · Prepared remarks: +13.22018 Q1 · Prepared remarks: +12.42018 Q2 · Prepared remarks: +12.32018 Q3 · Prepared remarks: +17.52018 Q4 · Prepared remarks: +13.02019 Q1 · Prepared remarks: +12.82019 Q2 · Prepared remarks: +14.42019 Q3 · Prepared remarks: +19.92019 Q4 · Prepared remarks: +17.22020 Q1 · Prepared remarks: +13.62020 Q2 · Prepared remarks: +12.02020 Q3 · Prepared remarks: -4.12020 Q4 · Prepared remarks: +2.12021 Q1 · Prepared remarks: +9.62021 Q2 · Prepared remarks: +9.42021 Q3 · Prepared remarks: +19.32021 Q4 · Prepared remarks: +22.62022 Q1 · Prepared remarks: +22.72022 Q2 · Prepared remarks: +20.62022 Q3 · Prepared remarks: +16.62022 Q4 · Prepared remarks: +18.02023 Q1 · Prepared remarks: +17.82023 Q2 · Prepared remarks: +22.32023 Q3 · Prepared remarks: +16.82023 Q4 · Prepared remarks: +17.92024 Q1 · Prepared remarks: +14.62024 Q2 · Prepared remarks: +16.92024 Q3 · Prepared remarks: +13.02024 Q4 · Prepared remarks: +17.52025 Q1 · Prepared remarks: +15.72025 Q2 · Prepared remarks: +13.22006 Q2 · Q&A responses: +15.22006 Q4 · Q&A responses: +11.52007 Q2 · Q&A responses: +18.52007 Q3 · Q&A responses: +14.92007 Q4 · Q&A responses: +17.62008 Q1 · Q&A responses: +4.22008 Q2 · Q&A responses: +13.62008 Q3 · Q&A responses: +15.72008 Q4 · Q&A responses: +6.72009 Q1 · Q&A responses: +4.82009 Q2 · Q&A responses: +14.42009 Q3 · Q&A responses: +11.22009 Q4 · Q&A responses: +12.92010 Q1 · Q&A responses: +19.12010 Q2 · Q&A responses: +13.62010 Q3 · Q&A responses: +17.72010 Q4 · Q&A responses: +17.12011 Q1 · Q&A responses: +13.72011 Q2 · Q&A responses: +18.32011 Q3 · Q&A responses: +14.62011 Q4 · Q&A responses: +9.72012 Q1 · Q&A responses: +7.22012 Q2 · Q&A responses: +12.82012 Q3 · Q&A responses: +3.42012 Q4 · Q&A responses: +8.42013 Q1 · Q&A responses: +9.92013 Q2 · Q&A responses: +5.72013 Q3 · Q&A responses: +5.72013 Q4 · Q&A responses: +9.42014 Q1 · Q&A responses: +5.22014 Q2 · Q&A responses: +4.22014 Q3 · Q&A responses: +9.82014 Q4 · Q&A responses: +14.82015 Q1 · Q&A responses: +11.62015 Q2 · Q&A responses: +9.12015 Q3 · Q&A responses: +10.72015 Q4 · Q&A responses: +10.62016 Q1 · Q&A responses: +9.42016 Q2 · Q&A responses: +9.42016 Q3 · Q&A responses: +3.62016 Q4 · Q&A responses: +8.82017 Q1 · Q&A responses: +5.62017 Q2 · Q&A responses: +0.52017 Q3 · Q&A responses: +8.22017 Q4 · Q&A responses: +9.32018 Q1 · Q&A responses: +11.52018 Q2 · Q&A responses: +5.62018 Q3 · Q&A responses: +9.22018 Q4 · Q&A responses: +8.82019 Q1 · Q&A responses: +10.32019 Q2 · Q&A responses: +10.12019 Q3 · Q&A responses: +12.32019 Q4 · Q&A responses: +14.32020 Q1 · Q&A responses: +15.62020 Q2 · Q&A responses: +8.62020 Q3 · Q&A responses: +6.12020 Q4 · Q&A responses: +11.82021 Q1 · Q&A responses: +20.02021 Q2 · Q&A responses: +8.42021 Q3 · Q&A responses: +14.42021 Q4 · Q&A responses: +12.52022 Q1 · Q&A responses: +5.42022 Q2 · Q&A responses: +13.92022 Q3 · Q&A responses: +4.12022 Q4 · Q&A responses: +8.22023 Q1 · Q&A responses: +7.92023 Q2 · Q&A responses: +9.52023 Q3 · Q&A responses: +6.22023 Q4 · Q&A responses: +13.12024 Q1 · Q&A responses: +9.92024 Q2 · Q&A responses: +10.92024 Q3 · Q&A responses: +11.42024 Q4 · Q&A responses: +12.52025 Q1 · Q&A responses: +14.12025 Q2 · Q&A responses: +16.7
Prepared remarksQ&A responses

Tone vs forward expectations

Management tone next to Wall Street's forward-looking numbers (glopardo): the 12-month forward EPS estimate and the forward P/E per call.

Forward EPS estimate

$23.55$99.10$174.652006 Q12008 Q32011 Q12013 Q32016 Q12018 Q32021 Q12023 Q32014 Q1: $33.972014 Q2: $35.042014 Q3: $36.032014 Q4: $37.212015 Q1: $38.442015 Q2: $39.632015 Q3: $40.822015 Q4: $42.262016 Q1: $43.782016 Q2: $44.772016 Q3: $45.952016 Q4: $47.212017 Q1: $48.192017 Q2: $47.632017 Q3: $47.772017 Q4: $48.612018 Q1: $53.862018 Q2: $55.372018 Q3: $57.752018 Q4: $60.542019 Q1: $63.212019 Q2: $64.662019 Q3: $65.742019 Q4: $68.022020 Q1: $69.742020 Q2: $67.952020 Q3: $71.472020 Q4: $78.562021 Q1: $82.752021 Q2: $90.812021 Q3: $93.632021 Q4: $109.472022 Q1: $117.942022 Q2: $123.862022 Q3: $126.812022 Q4: $132.322023 Q1: $138.442023 Q2: $143.442023 Q3: $146.842023 Q4: $154.422024 Q1: $161.242024 Q2: $162.052024 Q3: $164.222024 Q4: $158.94

Forward P/E

10.8915.9721.052006 Q12008 Q32011 Q12013 Q32016 Q12018 Q32021 Q12023 Q32014 Q1: 15.702014 Q2: 15.042014 Q3: 14.902014 Q4: 16.192015 Q1: 17.362015 Q2: 16.992015 Q3: 17.952015 Q4: 18.092016 Q1: 18.102016 Q2: 16.702016 Q3: 16.092016 Q4: 16.712017 Q1: 14.862017 Q2: 12.772017 Q3: 11.922017 Q4: 14.572018 Q1: 12.052018 Q2: 12.332018 Q3: 13.062018 Q4: 13.812019 Q1: 14.882019 Q2: 17.362019 Q3: 17.682019 Q4: 18.052020 Q1: 11.592020 Q2: 16.892020 Q3: 17.202020 Q4: 15.152021 Q1: 15.602021 Q2: 15.312021 Q3: 17.052021 Q4: 18.712022 Q1: 16.712022 Q2: 16.262022 Q3: 16.822022 Q4: 17.842023 Q1: 17.452023 Q2: 16.732023 Q3: 17.242023 Q4: 17.612024 Q1: 19.162024 Q2: 18.322024 Q3: 18.722024 Q4: 20.35

Divergence watch ⚑

Quarters where tone and the forward EPS estimate moved opposite ways.

  • 2014 Q2 tone ↓ -3.3 fwd EPS ↑ +1.07 Tone cooled even as the forward EPS estimate rose.
  • 2016 Q2 tone ↓ -3.1 fwd EPS ↑ +0.98 Tone cooled even as the forward EPS estimate rose.
  • 2016 Q3 tone ↓ -3.4 fwd EPS ↑ +1.19 Tone cooled even as the forward EPS estimate rose.
  • 2017 Q1 tone ↓ -2.9 fwd EPS ↑ +0.98 Tone cooled even as the forward EPS estimate rose.
  • 2020 Q3 tone ↓ -8.4 fwd EPS ↑ +3.52 Tone cooled even as the forward EPS estimate rose.
  • 2021 Q2 tone ↓ -2.9 fwd EPS ↑ +8.05 Tone cooled even as the forward EPS estimate rose.
  • 2022 Q1 tone ↓ -2.5 fwd EPS ↑ +8.47 Tone cooled even as the forward EPS estimate rose.
  • 2022 Q3 tone ↓ -6.1 fwd EPS ↑ +2.95 Tone cooled even as the forward EPS estimate rose.
  • 2023 Q3 tone ↓ -4.8 fwd EPS ↑ +3.40 Tone cooled even as the forward EPS estimate rose.
  • 2024 Q1 tone ↓ -4.2 fwd EPS ↑ +6.83 Tone cooled even as the forward EPS estimate rose.
  • 2024 Q3 tone ↓ -2.1 fwd EPS ↑ +2.18 Tone cooled even as the forward EPS estimate rose.
  • 2024 Q4 tone ↑ +3.6 fwd EPS ↓ -5.29 Tone rose while the forward EPS estimate was cut.

Recent transcripts

CallDateSentiment ×1000Fwd EPSFwd P/E
2025 Q22025-03-04+12.4——View →
2025 Q12024-12-10+10.5——View →
2024 Q42024-09-24+12.7$158.9420.4View →
2024 Q32024-05-21+9.1$164.2218.7View →
2024 Q22024-02-27+11.2$162.0518.3View →
2024 Q12023-12-05+10.1$161.2419.2View →
2023 Q42023-09-19+14.4$154.4217.6View →
2023 Q32023-05-23+9.0$146.8417.2View →