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, Inc. (NYSE: AZO) announced the appointment of Jenna Bedsole as Senior Vice President, General Counsel and Secretary of Customer Satisfaction. Jenna brings over 25 years of legal experience and previously served as managing shareholder at Baker Donelson. She is recognized for her expertise in employment, policy, and regulatory matters. Jenna will join AutoZone’s Executive Committee, reporting to Bill Rhodes, Chairman, President, and CEO. This strategic hiring aims to bolster AutoZone's focus on customer satisfaction, aligning with the company's commitment to quality service and compliance.
AutoZone (NYSE: AZO) reported net sales of $3.7 billion for the second quarter ending February 11, 2023, a 9.5% increase from the previous year. Domestic same-store sales rose 5.3%, building on last year's 13.8% growth. Gross profit margin was 52.3%, a decrease of 69 basis points, impacted by supply chain and freight costs. Operating profit grew 6.9% to $670 million, while net income increased 1.0% to $476.5 million, and diluted EPS rose 10.5% to $24.64. The company repurchased 372,000 shares for $906 million. Inventory levels rose 13.9%.
AutoZone (NYSE: AZO) plans to release its second quarter financial results on February 28, 2023, before market opening. The results will cover the period ending February 11, 2023. Following the release, a conference call will be hosted at 10:00 a.m. ET that will also be webcast. As of November 19, 2022, AutoZone operates 6,978 stores across the Americas, including 6,196 in the U.S., 706 in Mexico, and 76 in Brazil. The call can be accessed via the AutoZone website and will provide insights on the company's performance and future outlook.
ALLDATA Europe GmbH, part of AutoZone, has introduced ALLDATA Labour Times, a new add-on for ALLDATA Repair® that offers technicians quick access to OEM labor times for vehicle repairs. This tool enhances the efficiency of workshops by providing accurate estimates for both mechanical and body repairs. Developed in response to customer demand, ALLDATA Labour Times integrates seamlessly with ALLDATA Repair, which already supplies essential repair information. The labor times are sourced from TecAlliance, ensuring reliability. With over 10,000 customers in 20+ countries, ALLDATA continues to support automotive repair businesses in achieving high standards.
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