Autozone Stock Price, News & Analysis

AutoZone, a top auto parts retailer, will release its first-quarter results on December 8, 2020, before market opening. Investors can access the conference call at 10:00 a.m. (EST) via AutoZone's website or by phone. As of August 29, 2020, AutoZone operated 6,549 stores across the U.S., Mexico, and Brazil, providing a broad range of automotive products and services. The company continues to leverage commercial sales programs to serve various clients, including repair garages and dealerships.

AutoZone (NYSE: AZO) announced the retirement of Ron Griffin, Senior Vice President and Chief Information Officer, set for early 2021. His eight years with the company were marked by significant technological advancements and a focus on enhancing customer experiences. Executive VP Bill Giles expressed gratitude for Griffin's contributions, noting his role in preparing AutoZone for future growth. As of August 29, 2020, AutoZone operates 6,549 stores across the U.S., Mexico, and Brazil, offering a wide range of automotive parts and accessories.

AutoZone (NYSE: AZO) reported strong Q4 2020 results, with net sales rising 14% to $4.5 billion, a 21.2% increase when adjusted for the prior year's additional week. Net income soared 31% to $740.5 million, pushing diluted EPS up 36.9% to $30.93. For the fiscal year, total sales reached $12.6 billion, up 6.5%. Operating expenses fell from 33.8% to 30.7% of sales, despite $83.9 million in COVID-19 related costs. AutoZone opened 49 new stores in the U.S. during the quarter, further solidifying its position in the automotive retail market.

AutoZone, a leading auto parts retailer, will release its fourth quarter results on September 22, 2020, before market open. The conference call to discuss these results will start at 10:00 AM EDT on the same day. As of May 2020, AutoZone operates 6,484 stores, including locations in the U.S., Mexico, and Brazil. The company offers a wide range of automotive parts and accessories, serving both retail and commercial customers.

AutoZone (NYSE: AZO) announced the retirement of Bill Giles and Bill Hackney at the end of December 2020, marking significant transitions in leadership. Bill Giles has been with AutoZone for 14 years, significantly enhancing the company's financial position. Bill Hackney has dedicated 37 years to the company, influencing multiple areas. Following their departure, Jamere Jackson and Seong Ohm will join as Executive Vice President and Chief Financial Officer-Elect, and Senior Vice President of Merchandising, respectively. Both bring extensive experience from major corporations.

AutoZone (NYSE: AZO) announced plans to hire over 20,000 employees across its more than 5,800 stores in the U.S. to support increasing customer demand. Positions available include Delivery Drivers, Parts Sales Managers, and Sales Associates, with job applications submitted online. The company emphasizes its commitment to ongoing employee training and diversity in hiring, including a focus on veterans, high school graduates, and retirees. As of May 2020, AutoZone operated 6,484 stores in the U.S., Mexico, and Brazil.

AutoZone (NYSE: AZO) celebrated its top suppliers at the AutoZone Vendor Summit on July 21, 2020. The company awarded 15 suppliers for their collaboration and innovation. Seven vendors received the WITTDTJR® awards for customer satisfaction, including Autolite and Valvoline. Additionally, the Extra Miler award was given to seven vendors, such as Exxon Mobil and Meguiar’s. Dorman Products was named Vendor of the Year for their support and commitment. AutoZone currently operates 6,484 stores across the U.S., Mexico, and Brazil, establishing itself as a key player in the automotive replacement parts industry.

AutoZone reported net sales of $2.8 billion for Q3 2020, a 0.1% decrease from Q3 2019, attributing fluctuations to COVID-19. Domestic same-store sales fell by 1.0%, with significant volatility observed. Gross profit remained flat at 53.6%, while operating expenses rose to 35.9% due to pandemic-related costs. Net income decreased by 15.5% to $342.9 million, with EPS dropping to $14.39. AutoZone repurchased 156,000 shares for $166.1 million and has $796 million remaining under its repurchase authorization. The company opened 21 new stores in the U.S. and focuses on strategic initiatives amid fluctuating sales trends.