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, Inc. (NYSE: AZO) is a retailer and distributor of automotive replacement parts and accessories in the Americas, and its news flow reflects both operational performance and corporate developments. Company updates frequently highlight net sales, same store sales for domestic and international stores, gross profit trends, operating profit, net income and diluted earnings per share for each fiscal quarter and full year.
Investors following AutoZone news can see detailed breakdowns of domestic and international same store sales, often presented on both reported and constant currency bases. Earnings releases discuss factors affecting gross margin and operating expenses, such as non-cash LIFO impacts, merchandise margins, inventory shrink, commercial sales mix, new distribution center startup costs, self-insurance expense and investments tied to growth initiatives. These disclosures help readers understand how operational decisions and external conditions influence profitability.
AutoZone news items also cover store growth and geographic expansion. The company regularly reports the number of new stores opened and closed in the U.S., Mexico and Brazil, along with total store counts at quarter end. These updates provide context on how AutoZone is expanding its footprint across the Americas and how store growth relates to its same store sales performance.
Corporate governance and capital allocation are recurring themes in AutoZone’s announcements. Press releases describe share repurchase authorizations and activity, including total shares repurchased and remaining authorization under the program. Other news highlights board and management changes, such as executive retirements, new appointments, board succession planning and the addition of new independent directors.
In addition, AutoZone issues notices about upcoming earnings releases and conference calls, as well as its Annual Meeting of Stockholders. These communications specify when financial results will be released and how investors can access webcasts and replays. For readers of AZO news on Stock Titan, this page consolidates these earnings updates, governance developments and strategic announcements into a single, searchable stream.
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.
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.
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