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AutoZone, Inc. - $AZO STOCK NEWS

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.

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AutoZone (NYSE: AZO) held its annual Vendor Summit on June 5, 2024, in Memphis, Tennessee, recognizing 17 top suppliers for their outstanding performance and commitment to customer satisfaction. JK Fenner, a specialist in Mechanical Power Transmission products, earned the 2024 Vendor of the Year award for exceptional customer service and operational excellence. Other notable awards included the Extra Miler award for seven vendors like Baofeng and Valvoline, the Ray of Hope award to Great Neck Saw for community contributions, and the International Vendor of Excellence award to Reach Cooling for their international market insights. The WITTDTJR® award was given to seven vendors for product innovations and customer experience improvements.

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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.

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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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ALLDATA Europe expands repair data access for technicians in Europe by adding Abarth, Chrysler, and Tesla OEM repair information. The addition of these manufacturers brings the total number of vehicle manufacturers available on ALLDATA Repair to 36, covering 96% of vehicles on the road. Technicians can now easily access hybrid and EV repair data through an enhanced search feature, showcasing ALLDATA Europe's commitment to staying current with industry trends. With over 118,000 vehicle combinations, including TSBs, DTCs, and technical drawings, ALLDATA Repair aims to simplify and streamline the repair process for technicians.
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AutoZone, Inc. (AZO) reported a 4.6% increase in net sales to $3.9 billion for Q2 of fiscal 2024. Gross profit rose to 53.9%, operating profit increased by 10.9%, and net income grew by 8.1%. Diluted earnings per share surged by 17.2%. The company repurchased shares worth $223.8 million. AutoZone opened 19 new stores in the U.S. and expanded internationally with double-digit growth. The inventory increased by 4.2%. President and CEO Phil Daniele expressed confidence in the company's sales initiatives and future growth prospects.
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AutoZone, Inc. (NYSE: AZO) will release its second-quarter results on February 27, 2024, and host a conference call to discuss the results. The call will be webcast and accessible on the company's website. Investors can also listen to the call via phone and access a replay until March 12, 2024.
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AutoZone, Inc. (NYSE: AZO) completed its Leadership Transition Plan with Phil Daniele becoming President and CEO, and Bill Rhodes transitioning to Executive Chairman.
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AutoZone, Inc. (NYSE: AZO) has announced the authorization of an additional $2.0 billion for share repurchases, bringing the total authorized amount to $37.7 billion since 1998. The company's Chief Financial Officer, Jamere Jackson, highlighted the strong free cash flow generation and the commitment to maintaining investment grade credit ratings and disciplined capital allocation policy.
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AutoZone, Inc. (NYSE:AZO) will hold its Annual Meeting of Stockholders on December 20, 2023, at the J.R. Hyde III Store Support Center in Memphis, Tennessee. The meeting will begin at 9:00 a.m. (ET) and will be webcast on the company's website at www.autozone.com under Investor Relations.
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AutoZone, Inc. (NYSE: AZO) reported net sales of $4.2 billion for the first quarter ended November 18, 2023, a 5.1% increase from the same period in fiscal 2023. Gross profit was 52.8% of sales, a 279 basis point increase, and operating profit rose by 17.4% to $848.6 million. Net income increased 10.0% to $593.5 million, with diluted earnings per share rising 18.6% to $32.55. The company repurchased 580 thousand shares of its common stock at an average price of $2,590, totaling $1.5 billion. AutoZone opened 17 new stores in the U.S., five in Mexico, and four in Brazil, with a total of 7,165 stores across the Americas.
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FAQ

What does AutoZone, Inc. specialize in?

AutoZone, Inc. specializes in retailing and distributing automotive replacement parts and accessories.

How many stores does AutoZone operate?

As of November 2023, AutoZone operates over 7,100 stores across the U.S., Puerto Rico, Mexico, and Brazil.

Does AutoZone provide automotive repair services?

No, AutoZone does not provide automotive repair or installation services. It focuses on selling parts and providing exceptional customer service.

What types of products are available at AutoZone stores?

AutoZone stores offer a wide range of products including new and remanufactured hard parts, maintenance items, accessories, and non-automotive products for various vehicles.

What is ALLDATA?

ALLDATA is a brand of automotive diagnostic, repair, and shop management software offered by AutoZone through www.alldata.com.

How is AutoZone performing financially?

For the fiscal year ending August 26, 2023, AutoZone reported $17.5 billion in sales and a net income increase of 4.1% to $2.5 billion.

What markets does AutoZone serve?

AutoZone serves both the do-it-yourself (DIY) and do-it-for-me (DIFM) markets.

Does AutoZone operate internationally?

Yes, AutoZone operates internationally with over 750 stores in Mexico and more than 100 stores in Brazil.

How does AutoZone support its commercial customers?

AutoZone provides a commercial sales program that includes commercial credit and prompt delivery of parts to repair garages, dealers, and service stations.

Where can I find AutoZone's e-commerce platforms?

AutoZone's e-commerce platforms can be accessed at www.autozone.com and www.autozonepro.com.

AutoZone, Inc.

NYSE:AZO

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48.44B
17.25M
0.27%
95.69%
2.26%
Automotive Parts and Accessories Stores
Retail Trade
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United States of America
MEMPHIS