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 reported net sales of $4.9 billion for Q4 fiscal 2021, reflecting an 8.1% increase compared to the previous year. Domestic same-store sales rose by 4.3%. Operating profit was $1.0 billion, a 2.6% increase, and net income was $785.8 million, up 6.1%. Diluted EPS increased 15.5% to $35.72. Gross profit margin slightly decreased to 52.3% due to investments in the Commercial business. AutoZone opened 76 new U.S. stores and repurchased 592,000 shares for $900 million in Q4, with $417.6 million remaining in its repurchase authorization.
AutoZone (NYSE:AZO) will announce its fourth-quarter results on September 21, 2021, before market open. A conference call scheduled for the same day at 10:00 a.m. EDT will discuss these results. As of May 8, 2021, AutoZone operates 6,657 stores, comprising 5,975 in the U.S., 635 in Mexico, and 47 in Brazil. The company is a leading distributor of automotive parts and accessories, offering a wide range of products and a commercial sales program for repair garages and service stations.
AutoZone (NYSE: AZO) has announced the promotions of Dennis Leriche and Grant McGee to Senior Vice Presidents, with a focus on Store Operations and Commercial, respectively. Both leaders, who will join the Executive Committee, have a history of delivering strong results. The company currently operates 6,657 stores across the U.S., Mexico, and Brazil, solidifying its position as a leading retailer of automotive replacement parts and accessories.
AutoZone (NYSE: AZO) announced key organizational changes effective June 17, 2021, aimed at enhancing growth. Phil Daniele moves to Executive Vice President, Merchandising, Marketing, and Supply Chain. Preston Frazer ascends to Executive Vice President, Store Operations, Commercial, and Loss Prevention. Tom Newbern takes on the role of Executive Vice President, International, IT, and ALLDATA, while Mark Finestone is promoted to Executive Vice President, Strategy, and Innovation. These promotions highlight the company's commitment to performance and strategic positioning for future growth.
On June 8, 2021, AutoZone (NYSE:AZO) honored 17 top suppliers at its virtual Vendor Partner Summit. The awards recognized vendors for exceptional performance and dedication to customer satisfaction. Eight vendors received the WITTDTJR® award, while nine were acknowledged with the Extra Miler award, showcasing their commitment to AutoZone's DIY and professional customers. Bosch Braking was named Vendor Partner of the Year for its innovation and quality execution. AutoZone operates 6,657 stores across the U.S., Mexico, and Brazil and is a leading distributor of automotive parts.
Unique Logistics International (OTCMKTS: UNQL) has secured a 12-month ocean freight contract with AutoZone Inc. (NYSE: AZO), marking a significant new partnership. The agreement facilitates transport and logistics from the Asia-Pacific region to North America until May 2022. CEO Sunandan Ray expressed enthusiasm about expanding relationships in the automotive sector, citing the importance of automotive parts delivery given the high volume of imports to the U.S. annually. This partnership is expected to leverage Unique Logistics' established capabilities in Asian manufacturing regions.
AutoZone, Inc. (NYSE: AZO) reported a robust 31.4% increase in net sales, reaching $3.7 billion for Q3 ended May 8, 2021. Domestic same-store sales rose by 28.9%, while operating profit surged 63.4% to $803.5 million. Net income expanded 73.9% year-over-year to $596.2 million, with diluted earnings per share increasing 84.0% to $26.48. The company's gross profit margin decreased by 118 basis points to 52.4% due to commercial growth and pricing investments. AutoZone opened 25 new stores, bringing its total to 6,657.
AutoZone (NYSE:AZO) will report its third-quarter results for the period ending May 8, 2021, before market open on May 25, 2021. A conference call to discuss these results will take place on the same day at 10:00 a.m. EDT. Investors can access the webcast and supporting materials on AutoZone's website. As of February 13, 2021, AutoZone operates 6,625 stores across the U.S., Mexico, and Brazil, solidifying its position as a leading auto parts retailer in the Americas.
AutoZone (NYSE: AZO) announced the appointment of Michelle Borninkhof as the new Senior Vice President and Chief Information Officer, succeeding Ron Griffin, who is retiring. Borninkhof previously served as CIO at McDonald's and held leadership positions at Walmart. She will join AutoZone's Executive Committee and report to Bill Rhodes, the CEO.
AutoZone operates 6,625 stores across the U.S., Mexico, and Brazil, making it a leading retailer and distributor of automotive parts in the Americas.
AutoZone (NYSE: AZO) has authorized an additional $1.5 billion for its share repurchase program, bringing total buybacks since 1998 to $26.15 billion. This move reflects AutoZone's strong financial performance and commitment to returning cash to shareholders while ensuring liquidity. The company's disciplined capital allocation strategy aims to drive growth and enhance returns. As of February 2021, AutoZone operates 6,625 stores across the U.S., Mexico, and Brazil, positioning itself as a leader in automotive replacement parts.
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