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) has announced the appointment of Kenneth Jaycox as Senior Vice President, Commercial, Customer Satisfaction. Jaycox joins AutoZone from United States Steel , where he served as Senior Vice President and Chief Commercial Officer. His previous experience includes leadership roles at Sysco and various positions in commercial sales, customer engagement, business strategy, procurement, marketing, and operations.
Jaycox will be a member of AutoZone's Executive Committee and report to Tom Newbern, Chief Operating Officer, Customer Satisfaction. Phil Daniele, President and CEO, Customer Satisfaction, expressed confidence in Jaycox's ability to serve customers and drive accelerated sales growth for the company.
AutoZone has announced that its Board of Directors has authorized an additional $1.5 billion for the company's ongoing share repurchase program. This increases the total authorized repurchases to $39.2 billion since the program started in 1998. CFO Jamere Jackson emphasized that the company’s strong free cash flow and investment grade credit ratings allow for this increase while maintaining financial discipline. The company is committed to a disciplined capital allocation policy to drive growth and maintain liquidity.
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.
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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