AutoZone, Inc. - AZO STOCK NEWS

AutoZone, Inc. (NYSE:AZO) announced its Annual Meeting of Stockholders will take place on December 16, 2020, at 8:00 AM CST. Due to COVID-19 health concerns, the meeting will be held online via live webcast, ensuring stockholders can participate similarly to an in-person gathering. As of November 21, 2020, AutoZone operates 6,590 stores across the U.S., Mexico, and Brazil, making it a leading retailer of automotive replacement parts and accessories in the Americas. The company offers a wide range of products and services, including commercial sales programs in several regions.

AutoZone (NYSE: AZO) reported a strong first quarter for fiscal 2021, with net sales reaching $3.2 billion, up 12.9% from the previous year. Domestic same-store sales increased 12.3%, while net income rose 26.3% to $442.4 million, reflecting strong sales growth. Despite a slight decline in gross profit margin to 53.1%, operating profit surged 23.0% to $615.2 million. The company repurchased 584,379 shares for $678.3 million, and opened 39 new stores. The ongoing focus is on health and safety amid the pandemic.

AutoZone, a top auto parts retailer, will release its first-quarter results on December 8, 2020, before market opening. Investors can access the conference call at 10:00 a.m. (EST) via AutoZone's website or by phone. As of August 29, 2020, AutoZone operated 6,549 stores across the U.S., Mexico, and Brazil, providing a broad range of automotive products and services. The company continues to leverage commercial sales programs to serve various clients, including repair garages and dealerships.

AutoZone (NYSE: AZO) announced the retirement of Ron Griffin, Senior Vice President and Chief Information Officer, set for early 2021. His eight years with the company were marked by significant technological advancements and a focus on enhancing customer experiences. Executive VP Bill Giles expressed gratitude for Griffin's contributions, noting his role in preparing AutoZone for future growth. As of August 29, 2020, AutoZone operates 6,549 stores across the U.S., Mexico, and Brazil, offering a wide range of automotive parts and accessories.

AutoZone (NYSE: AZO) reported strong Q4 2020 results, with net sales rising 14% to $4.5 billion, a 21.2% increase when adjusted for the prior year's additional week. Net income soared 31% to $740.5 million, pushing diluted EPS up 36.9% to $30.93. For the fiscal year, total sales reached $12.6 billion, up 6.5%. Operating expenses fell from 33.8% to 30.7% of sales, despite $83.9 million in COVID-19 related costs. AutoZone opened 49 new stores in the U.S. during the quarter, further solidifying its position in the automotive retail market.

AutoZone, a leading auto parts retailer, will release its fourth quarter results on September 22, 2020, before market open. The conference call to discuss these results will start at 10:00 AM EDT on the same day. As of May 2020, AutoZone operates 6,484 stores, including locations in the U.S., Mexico, and Brazil. The company offers a wide range of automotive parts and accessories, serving both retail and commercial customers.

AutoZone (NYSE: AZO) announced the retirement of Bill Giles and Bill Hackney at the end of December 2020, marking significant transitions in leadership. Bill Giles has been with AutoZone for 14 years, significantly enhancing the company's financial position. Bill Hackney has dedicated 37 years to the company, influencing multiple areas. Following their departure, Jamere Jackson and Seong Ohm will join as Executive Vice President and Chief Financial Officer-Elect, and Senior Vice President of Merchandising, respectively. Both bring extensive experience from major corporations.

AutoZone (NYSE: AZO) announced plans to hire over 20,000 employees across its more than 5,800 stores in the U.S. to support increasing customer demand. Positions available include Delivery Drivers, Parts Sales Managers, and Sales Associates, with job applications submitted online. The company emphasizes its commitment to ongoing employee training and diversity in hiring, including a focus on veterans, high school graduates, and retirees. As of May 2020, AutoZone operated 6,484 stores in the U.S., Mexico, and Brazil.

AutoZone (NYSE: AZO) celebrated its top suppliers at the AutoZone Vendor Summit on July 21, 2020. The company awarded 15 suppliers for their collaboration and innovation. Seven vendors received the WITTDTJR® awards for customer satisfaction, including Autolite and Valvoline. Additionally, the Extra Miler award was given to seven vendors, such as Exxon Mobil and Meguiar’s. Dorman Products was named Vendor of the Year for their support and commitment. AutoZone currently operates 6,484 stores across the U.S., Mexico, and Brazil, establishing itself as a key player in the automotive replacement parts industry.