AutoZone Authorizes Additional Stock Repurchase
14 Junho 2023 - 5:30PM
AutoZone, Inc. (NYSE: AZO), today announced its Board of Directors
authorized the repurchase of an additional $2.0 billion of the
Company’s common stock in connection with its ongoing share
repurchase program. Since the inception of the repurchase program
in 1998, and including the above amount, AutoZone’s Board of
Directors has authorized $35.7 billion in share repurchases.
“AutoZone’s continued strong financial performance allows us to
grow our business, return meaningful amounts of cash to our
shareholders and maintain our investment grade credit ratings,”
said Jamere Jackson, Chief Financial Officer and Executive Vice
President – Finance and Store Development. “We remain committed to
our disciplined capital allocation policy to drive growth and
enhance shareholder returns while maintaining adequate
liquidity.”
About AutoZone:
As of May 6, 2023, the Company had 6,248 stores in the U.S., 713
in Mexico and 83 in Brazil for a total store count of 7,044.
AutoZone is the leading retailer and distributor of automotive
replacement parts and accessories in the Americas. Each store
carries an extensive product line for cars, sport utility vehicles,
vans and light trucks, including new and remanufactured automotive
hard parts, maintenance items, accessories, and non-automotive
products. Many stores also have a commercial sales program that
provides commercial credit and prompt delivery of parts and other
products to local, regional and national repair garages, dealers,
service stations and public sector accounts. We also have
commercial programs in the majority of our stores in Mexico and
Brazil. AutoZone also sells the ALLDATA brand automotive
diagnostic, repair and shop management software through
www.alldata.com. Additionally, we sell automotive hard parts,
maintenance items, accessories and non-automotive products through
www.autozone.com, and our commercial customers can make purchases
through www.autozonepro.com. We also provide product information on
our Duralast branded products through www.duralastparts.com.
AutoZone does not derive revenue from automotive repair or
installation services.
Contact Information:
Media: David McKinney,
901-495-7951, david.mckinney@autozone.com
Financial: Brian Campbell,
901-495-7005, brian.campbell@autozone.com
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