Welcome to our dedicated page for Autozone news (Ticker: AZO), a resource for investors and traders seeking the latest updates and insights on Autozone stock.
AutoZone (AZO) is a leading retailer of automotive aftermarket parts serving DIY customers and commercial clients across the Americas. This page aggregates official news releases and curated analysis covering financial performance, operational developments, and strategic initiatives.
Investors and industry observers will find timely updates on earnings reports, product expansions, leadership announcements, and market positioning. Our collection prioritizes verified information from primary sources to support informed decision-making.
Key content categories include quarterly financial results, store network growth, technological advancements in automotive retail, and partnerships within the supply chain ecosystem. All materials maintain strict editorial standards to ensure accuracy and relevance.
Bookmark this page for streamlined access to AutoZone's evolving business narrative. Check back regularly for essential updates that shape understanding of the company's role in the automotive aftermarket sector.
AutoZone (NYSE: AZO) reported its Q3 fiscal 2024 earnings, showing net sales of $4.2 billion, up 3.5% from last year. While total company same store sales increased by 0.9%, domestic same store sales remained flat. International same store sales saw significant growth at 18.1% (constant currency basis). The gross profit margin rose to 53.5%, bolstered by higher merchandise margins and a 15 basis point non-cash LIFO favorability. Operating expenses increased to 32.2% of sales, primarily due to higher store payroll costs. Operating profit grew by 4.9% to $900.2 million, with a net income of $651.7 million and a 7.5% increase in diluted EPS to $36.69. AutoZone repurchased 242,000 shares for $734.7 million. The company opened 45 new stores, bringing the total count to 7,236.
AutoZone, Inc. (NYSE: AZO) will release its third quarter fiscal 2024 earnings on May 21, 2024. The leading retailer of automotive replacement parts in the Americas will host a conference call to discuss the results. Investors can access the call via webcast or telephone replay.
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