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By Counterman
During AutoZone’s fiscal second-quarter 2022 conference call in March, company executives asserted that its pandemic-driven sales momentum could be sustained, even after consumers blow through their stimulus payments.
AutoZone’s fiscal third-quarter results did nothing to convince them otherwise.
“We believed our competitive positioning was materially improved, as indicated by our significant retail share gains and rapidly accelerated commercial sales growth,” AutoZone CEO Bill Rhodes reflected during the company’s third-quarter conference call on May 24. “We believed customer behavior may have permanently changed. We continue to believe all of this today.”
AutoZone reported fiscal third-quarter net sales of $3.9 billion, a 5.9% year-over-year increase. The company’s fiscal third quarter ended on May 7.
Domestic same-store sales, or sales for stores open at least one year, increased 2.6% for the quarter. AutoZone delivered the 2.6% increase against some extremely tough comparisons: In the fiscal third quarter of 2021, same-store sales jumped nearly 29%.
If AutoZone indeed is able to sustain its momentum from 2020 and 2021, “it’ll be the fourth time in the last 30 years that the economy and society have been through significant shocks leading to material acceleration in our growth in sales and profits, without a corresponding decline back to pre-recessionary or pre-pandemic levels,” Rhodes said.
DIFM sales, which suffered in the first few months of the pandemic in 2020, continued to rebound. AutoZone’s commercial sales rocketed 26% higher to $1.04 billion, a third-quarter record for the company.
Weekly commercial sales per store also set a quarterly record, at $16,600, up from $13,500 in fiscal Q3 2021. The company averaged approximately $87 million in total weekly commercial sales.
During the quarter, AutoZone launched 43 net new commercial programs, finishing with 5,275 total programs.
“As I’ve said since the outset of the year, commercial growth will lead the way in FY 22, and our results in the third quarter and year to date reflect this dynamic,” CFO Jamere Jackson said during the conference call.
Rhodes attributed the DIFM growth to a number of companywide initiatives, including expanded hub and megahub coverage, “the strength of the Duralast brand,” technology investments, a more effective salesforce and improved delivery times.
Domestic DIY sales slipped 4.5% during the quarter – another case of tough comps. Rhodes noted that U.S. consumers received stimulus payments in the third quarter of 2021, which led to record DIY-sales growth.
“We’re very proud of our DIY results,” Rhodes added. “Considering we had such a tough comparison to last year, from the data we have available to us, we continued not only retain the enormous share gains in dollars and units built during the initial stages of the pandemic, but [also] modestly build on those gains.
“Our performance, considering the amount of time from the last stimulus and the ending of the enhanced unemployment benefits, has substantially exceeded our expectations and gives us continued conviction about the sustainability of the massive elevated sales levels we have experienced since the beginning of the pandemic.”
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By Counterman
Autolite announced its new sponsorship of the Professional Bull Riders (PBR) Challenger Series for 2022.
The PBR Challenger Series launches its inaugural season in May and will run through November. The new series will consist of more than 60 events across 27 states, culminating in the PBR Challenger Series Championships in Las Vegas.
The Autolite brand has had active sponsorship roles in motorsports for decades and is excited to team up with PBR to support the new Challenger Series.
“PBR is an exciting organization and Autolite is thrilled to support this new series,” said Carl Weber, senior marketing director, First Brands Group. “The Challenger Series promises to be action-packed and competitive with big events across the country. We’re honored to be on board as a sponsor for 2022.”
For more than 85 years, Autolite has used its quality-specific focus to engineer effective ignition solutions for consumer vehicles, race cars, motorcycles, ATVs, snowmobiles, boats, lawn and garden equipment and many other gas-powered engines.
Learn more about the PBR Challenger Series at
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By Counterman
Autolite has released its list of sponsored racing teams for the 2022 season.
This year’s list features nationwide competitors across the kart, stock car, dirt track, drag racing and motocross circuits.
Throughout the 2022 season, Autolite will provide the necessary support to more than two dozen Autolite racing teams who will represent the spark plug brand in hundreds of competitive events across the United States.
“Racing is really heating up this year and Autolite is proud to be part of the excitement and competition,” said Carl Weber, senior marketing director, First Brands Group. “We’re confident that our support and high-performance spark plugs will give the Autolite racing teams a competitive edge.”
For more than 85 years, Autolite has used its quality-specific focus to engineer effective ignition solutions for consumer vehicles, race cars, motorcycles, ATVs, snowmobiles, boats, lawn and garden equipment and many other gas-powered engines.
See the Team Autolite roster and a schedule of their upcoming races at
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By Counterman
Schaeffler is launching a range of aftermarket bearings, seals and housings for agricultural equipment and machinery.
Schaeffler’s comprehensive line of OE-quality bearings are specifically engineered to the precise performance parameters of agricultural applications, including tractors, harvesters and tillage machines.
Reliable and dependable bearing solutions are critical in minimizing equipment downtime. Schaeffler’s heavy-duty bearings are designed to support the constant vibrations and high shock loads of agricultural machinery.
The bearings feature a unique corrosion-protection system – Schaeffler’s Corrotect coating – that facilitates reliable operation in every environment and helps increase the operating life of heavy equipment and machinery, according to the company. The three-piece-seal concept retains the high-quality grease and helps prevent contamination and moisture from reaching the interior of the bearing.
Schaeffler is further expanding its product line with metric-sized bearings and is providing both metric and imperial-sized bearings for agricultural applications in North America. Equipment owners and operators now can choose from more than 200 easy-to-mount options for a diameter range of 10 to 120 mm. The new metric offering compliments Schaeffler’s existing line of imperial-sized bearings, which already includes more than 400 SKUs.
Aftermarket bearings for agricultural applications include radial-insert ball bearings and housing units; sealed deep-groove ball bearings and angular-contact ball bearings; tapered roller bearings; and bearings with hexagonal and square bores.
For more information on the product line and technical specifications, please download the
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