Autozone Stock Price, News & Analysis

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.

AutoZone, Inc. (NYSE: AZO) reported net sales of $2.9 billion for its second quarter ending February 13, 2021, up 15.8% year-over-year. Domestic same store sales rose 15.2%. Gross profit margin decreased to 53.6%, impacted by supply chain costs and pricing initiatives. Operating profit grew 18.1% to $481.8 million, while net income increased 15.6% to $345.9 million. Diluted EPS rose 20.5% to $14.93. The company opened 27 new stores in the U.S. and repurchased 752,004 shares for $900 million.

AutoZone (NYSE: AZO) has introduced a $100 incentive for employees to receive the COVID-19 vaccine. This initiative is part of the company's commitment to improve the health and safety of its workforce and communities. To date, AutoZone has invested over $125 million to support its employees through pandemic-related challenges. The company operates 6,590 stores across the Americas and continues to prioritize the wellbeing of AutoZoners.

AutoZone, Inc. (NYSE:AZO) will release its second quarter results for the period ending February 13, 2021, on March 2, 2021, before market open. A conference call to discuss these results will be held the same day at 10:00 a.m. (EST). Investors can access the call via the AutoZone website or by phone. As of November 21, 2020, AutoZone operated 6,590 stores across the Americas, including 5,924 in the U.S., contributing significantly to its position as a leading automotive parts retailer.

AutoZone has announced the promotion of Eric Gould to Senior Vice President, Supply Chain, effective immediately, following the passing of Mitchell Major on January 29, 2021. Gould, a 29-year veteran of AutoZone, brings extensive experience and leadership skills to the executive team. Chairman Bill Rhodes praised Gould's contributions, emphasizing the continuity of leadership during this transition. As of November 2020, AutoZone operates 6,590 stores across the Americas, highlighting its position as a leading retailer and distributor of automotive parts.

AutoZone authorized an additional $1.5 billion for stock repurchase, bringing total authorizations since 1998 to $24.65 billion. This decision reflects AutoZone's strong financial performance and commitment to enhancing stockholder returns while maintaining investment-grade credit ratings. The company operates 6,590 stores across the U.S., Mexico, and Brazil, offering a wide range of automotive parts and accessories. By following a disciplined capital structure, AutoZone aims to increase liquidity and continue its strategic growth.

AutoZone, Inc. (NYSE:AZO) announced its Annual Meeting of Stockholders will take place on December 16, 2020, at 8:00 AM CST. Due to COVID-19 health concerns, the meeting will be held online via live webcast, ensuring stockholders can participate similarly to an in-person gathering. As of November 21, 2020, AutoZone operates 6,590 stores across the U.S., Mexico, and Brazil, making it a leading retailer of automotive replacement parts and accessories in the Americas. The company offers a wide range of products and services, including commercial sales programs in several regions.

AutoZone (NYSE: AZO) reported a strong first quarter for fiscal 2021, with net sales reaching $3.2 billion, up 12.9% from the previous year. Domestic same-store sales increased 12.3%, while net income rose 26.3% to $442.4 million, reflecting strong sales growth. Despite a slight decline in gross profit margin to 53.1%, operating profit surged 23.0% to $615.2 million. The company repurchased 584,379 shares for $678.3 million, and opened 39 new stores. The ongoing focus is on health and safety amid the pandemic.