Autozone - AZO STOCK NEWS

AutoZone (NYSE: AZO) has announced the appointment of Claire Rauh McDonough to its Board of Directors, expanding the board to 10 members. McDonough currently serves as the Chief Financial Officer of Rivian, an American electric vehicle manufacturer. Prior to joining Rivian in 2021, she held the position of Managing Director in Investment Banking and co-headed the Disruptive Commerce Group at J.P. Morgan.

McDonough brings additional expertise through her board memberships at Rivian and Volkswagen Group Technology Executive Chairman Bill Rhodes expressed enthusiasm about the appointment, highlighting how McDonough's unique skill set will enhance the board's perspectives and deliberations.

AutoZone (NYSE: AZO) reported Q2 FY2025 results with net sales reaching $4.0 billion, up 2.4% year-over-year. The company's total same-store sales increased 2.9%, with domestic same-store sales up 1.9%. International same-store sales grew 9.5% on a constant currency basis.

Key financial metrics include: gross profit margin remained flat at 53.9%, operating profit decreased 4.9% to $706.8 million, and net income declined 5.3% to $487.9 million. Diluted earnings per share decreased 2.1% to $28.29.

During Q2, AutoZone opened 45 new stores (28 in U.S., 13 in Mexico, 4 in Brazil), bringing the total store count to 7,432. The company repurchased 100,000 shares at an average price of $3,291 per share, totaling $329.4 million, with $1.3 billion remaining under the current authorization. Inventory increased 10.4% year-over-year, with net inventory per store at negative $161,000.

AutoZone (NYSE: AZO), the leading retailer and distributor of automotive replacement parts and accessories in the Americas, has announced it will release its second quarter fiscal 2025 financial results on Tuesday, March 4, 2025, before the market opens. The results will cover the quarter ended February 15, 2025.

The company will host a one-hour conference call at 10:00 a.m. ET on the same day to discuss the quarterly results. Investors can access the webcast and supporting slides through AutoZone's website or join via phone using the provided dial-in numbers. A replay of the call will be available until March 18, 2025.

AutoZone (NYSE: AZO) has announced two significant leadership promotions. Bailey Childress has been elevated to Senior Vice President, Omnichannel and Merchandising Support, while Luke Rauch has been promoted to Senior Vice President, Merchandising and Global Sourcing. Both executives will join AutoZone's Executive Committee and report to Bill Hackney, Executive Vice President of Merchandising, Marketing and Supply Chain. President and CEO Phil Daniele praised both leaders for their proven track records and ability to drive growth.

AutoZone reported Q1 FY2025 results with net sales of $4.3 billion, up 2.1% year-over-year. Total company same-store sales increased 1.8% on a constant currency basis, with domestic same-store sales up 0.3%. Net income decreased to $564.9 million from $593.5 million last year, while diluted EPS slightly declined to $32.52 from $32.55.

The company's gross profit margin improved by 16 basis points to 53.0%, while operating expenses increased to 33.3% of sales from 32.6%. During the quarter, AutoZone opened 34 new stores and repurchased 160,000 shares for $505.2 million. The company's inventory increased 8.7% year-over-year, with net inventory per store at negative $166,000.

AutoZone (NYSE:AZO) announced its Annual Meeting of Stockholders scheduled for December 18, 2024. The meeting will take place at the J.R. Hyde III Store Support Center in Memphis, Tennessee, starting at 9:00 a.m. ET. The event will also be webcast and accessible via AutoZone's website under the Investor Relations section.

AutoZone (NYSE: AZO) has announced it will release its first quarter fiscal 2025 financial results on December 10, 2024, before the market opens. The company will host a conference call at 10:00 a.m. ET on the same day to discuss the quarterly results. The call will be accessible via webcast on AutoZone's website and through dial-in options. Supporting slides will be available on the company's website, and a replay of the call will be available until December 24, 2024.

AutoZone reported its Q4 and fiscal year 2024 results. Q4 net sales increased 9.0% to $6.2 billion, with adjusted sales up 2.6% excluding the additional week. Total company same store sales rose 1.3% on a constant currency basis. Q4 EPS increased 11.0% to $51.58. For fiscal 2024, sales grew 5.9% to $18.5 billion, and diluted EPS increased 13.0% to $149.55.

The company opened 117 new stores in Q4 and 213 net new stores for the fiscal year, bringing the total store count to 7,353. AutoZone repurchased 244,000 shares in Q4 for $710.6 million and 1.1 million shares for the fiscal year at $3.2 billion. Inventory increased 6.8% year-over-year, driven by new store growth.

AutoZone (NYSE: AZO), the leading automotive parts retailer in the Americas, has announced the release date for its fourth quarter fiscal 2024 earnings. The company will unveil its financial results on Tuesday, September 24, 2024, before the market opens. The earnings report will cover the quarter ended August 31, 2024.

Following the release, AutoZone will host a one-hour conference call at 10:00 a.m. ET on the same day to discuss the quarterly results. Investors can access the call via webcast on AutoZone's website or by dialing (888) 506-0062 with the passcode AUTOZONE. A replay of the call will be available until October 8, 2024, by dialing (877) 481-4010 with the replay passcode 51047.