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, Inc. (NYSE: AZO) is the leading retailer and distributor of automotive replacement parts and accessories in the Americas. Founded in 1979, AutoZone operates over 7,100 stores across the United States, Puerto Rico, Mexico, and Brazil. Each store offers an extensive range of products for cars, sport utility vehicles, vans, and light trucks, including new and remanufactured hard parts, maintenance items, and accessories.
AutoZone caters to both do-it-yourself (DIY) and do-it-for-me (DIFM) markets. The company’s vast store network and distribution system ensure a wide array of stock-keeping units applicable to various vehicle makes and models, providing customers with ample product availability. The firm’s team of knowledgeable staff assists consumers with diagnosing vehicle issues, selecting necessary parts, and sometimes even performing installations.
Internationally, AutoZone has expanded its reach with over 750 stores in Mexico and more than 100 stores in Brazil. Additionally, AutoZone sells automotive hard parts, maintenance items, accessories, and non-automotive products through its e-commerce platforms www.autozone.com and www.autozonepro.com.
Financially, AutoZone has demonstrated strong performance. For the fiscal year ending August 26, 2023, the company reported sales of $17.5 billion, a 7.4% increase from the prior year. The company’s net income increased by 4.1% to $2.5 billion, showcasing its robust financial health. AutoZone’s disciplined capital allocation strategy has allowed it to invest significantly in share repurchases, with a total investment of $3.7 billion in the fiscal year 2023.
AutoZone also offers the ALLDATA brand automotive diagnostic, repair, and shop management software through www.alldata.com. In Europe, ALLDATA provides repair data for a wide range of vehicle manufacturers, helping technicians access the most current OEM information. This contributes to safer and more accurate vehicle repairs.
With a history of continuous growth and innovation, AutoZone remains committed to delivering superior customer service and maintaining its status as an industry leader. The company does not derive revenue from automotive repair or installation services, focusing instead on providing quality parts and exceptional service.
AutoZone (NYSE: AZO) will announce its third-quarter financial results on May 24, 2022, prior to market opening. The conference call for discussing these results is scheduled for the same day at 10:00 a.m. (EST). Currently, AutoZone operates 6,815 stores across the Americas, providing a wide range of automotive parts and accessories. Investors can access the webcast and supporting slides through the company's website.
AutoZone, Inc. (NYSE: AZO) announced on March 22, 2022, a $2.0 billion addition to its ongoing share repurchase program, bringing total authorizations since 1998 to $31.2 billion. The CFO highlighted strong financial performance, emphasizing a commitment to returning cash to shareholders while maintaining investment-grade credit ratings. As of February 12, 2022, AutoZone operates 6,815 stores globally, underscoring its leading position in the automotive replacement parts market.
AutoZone (NYSE: AZO) reported net sales of $3.4 billion for Q2, a 15.8% increase year-over-year. Same-store sales grew by 13.8%, with commercial sales up 32.1%. Despite strong sales, gross profit margin decreased to 53.0%, primarily due to commercial growth initiatives. Operating expenses decreased to 34.4% of sales, driven by improved sales performance. Net income rose 36.4% to $471.8 million, and diluted earnings per share increased 49.4% to $22.30. The company repurchased 783k shares for $1.6 billion and opened 26 new stores
AutoZone (NYSE: AZO) appointed Michael George and Brian Hannasch to its Board of Directors, expanding its board to 11 members. Michael George previously led QVC and has extensive marketing experience, including a role at Dell. Brian Hannasch is the President and CEO of Alimentation Couche-Tard, known for operating Circle K. Chairman Bill Rhodes noted that their appointments enhance the board's depth in experience and skills, which is crucial for AutoZone’s growth strategy.
AutoZone, Inc. (NYSE: AZO) will announce its second-quarter results on March 1, 2022, before market open. The conference call to discuss these results will occur at 10:00 a.m. (EST) on the same day. Investors can access the call via AutoZone’s website or by dialing in. As of November 20, 2021, AutoZone operates 6,785 stores across the U.S., Mexico, and Brazil, focusing on automotive parts and accessories, with additional commercial sales programs available.
AutoZone has authorized an additional $1.5 billion for its ongoing share repurchase program, increasing total authorizations since 1998 to $29.2 billion. The CFO highlights strong financial performance enabling cash returns to shareholders and maintaining credit ratings. The company's store count stands at 6,785 across the Americas, underscoring its market leadership in automotive replacement parts.
AutoZone (NYSE:AZO) has announced that its Annual Meeting of Stockholders will take place on December 15, 2021, at 8:00 AM CST. Due to health concerns stemming from the COVID-19 pandemic, the meeting will be held online via live webcast. Stockholders are encouraged to submit questions and vote using their assigned control numbers on the meeting website. As of November 20, 2021, AutoZone operates 6,785 stores across the U.S., Mexico, and Brazil, making it a leading retailer of automotive replacement parts in the Americas.
AutoZone (NYSE: AZO) reported a 16.3% increase in net sales to $3.7 billion for Q1 FY2022, driven by a 13.6% rise in same-store sales. The commercial business saw growth of 29.4%, highlighting strong retail performance. Net income rose 25.5% to $555.2 million, with diluted earnings per share increasing 38.1% to $25.69. Gross profit margin decreased slightly to 52.5%, attributed to investment in commercial growth. The company opened 15 new U.S. stores, bringing the total to 6,785 across the Americas.
AutoZone, Inc. (NYSE: AZO) announced the retirement of Mark Finestone, Executive Vice President, Strategy and Innovation, effective early 2022. Finestone has been with the company for 19 years, contributing significantly to its growth and innovation. Bill Rhodes, the CEO, praised Finestone's leadership and dedication to customer satisfaction, emphasizing his role in positioning the company for future success. As of August 2021, AutoZone operated 6,767 stores across the Americas, solidifying its status as a leading automotive parts retailer.
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