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Understanding the Game:

A soccer team is going through a tournament. The team scores goals (revenues) in each match, but they also concede goals (expenses) - like paying for travel, equipment, and player salaries.

Net Income in a business is like the total "score" a team achieves after a season, considering all the goals scored and conceded. It's the money a company keeps after subtracting all its expenses from its total revenues.

For example, if a team finishes the season with 60 goals scored but has conceded 30 goals, the team's "net goals" would be 30 (60 scored - 30 conceded). Similarly, if a company earns $1 million in revenue but has $700,000 in various expenses (like manufacturing costs, salaries, rent), its Net Income would be $300,000 ($1M - $700,000).

Net Income gives a clear picture of how much a company actually "wins" financially over a period, after considering both its "offensive" (revenues) and "defensive" (expenses) plays. A company's financial success is often judged by its Net Income.