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AutoZone to hold Stockholders’ Meeting December 16, 2020
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By Counterman
AutoZone reported net sales of $4.1 billion for its fiscal third quarter, a 5.8% year-over-year increase. The quarter ended May 6.
Domestic same-store sales, or sales for stores open at least one year, increased 1.9% for the quarter.
“I would like to congratulate and thank our entire organization for delivering solid earnings in our third fiscal quarter,” AutoZone CEO Bill Rhodes said. “The hard work of our AutoZoners and their dedication to providing superior customer service, again drove our quarterly performance. While weaker-than-expected sales for the month of March meaningfully affected our results this quarter, we are excited about our initiatives and believe we are well-positioned for future growth.”
Operating profit increased 9.3% to $858.5 million.
AutoZone said its inventory increased 7.4% over the same period last year, driven by inflation and its growth initiatives.
During the quarter, AutoZone opened 22 new stores in the United States, six in Mexico and two in Brazil. As of May 6, the company had 6,248 stores in the United States, 713 in Mexico and 83 in Brazil for a total store count of 7,044.
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By AutoZone
MEMPHIS, Tenn. , May 23, 2023 (GLOBE NEWSWIRE) -- AutoZone, Inc. (NYSE: AZO) today reported net sales of $4.1 billion for its third quarter (12 weeks) ended May 6, 2023 , an increase of 5.8% from the third quarter of fiscal 2022 (12 weeks). Domestic same store sales, or sales for stores open at
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By Counterman
link hidden, please login to view presented awards to eight supplier partners at its recent annual membership meeting held May 9-11 in Frisco, Texas. Highlighted by the Partnership and Group Impact Awards, the categories also included Data Quality, Fastest Growing, Manpower Excellence, Marketing Excellence, Product Innovation, Profit Generator and Shipping Excellence. Supplier Partner Winners
For the second-consecutive year, Lippert accepted the Partnership Award, which honors the supplier that demonstrated outstanding overall performance across all the award categories. AAM brands under the Lippert umbrella include ARIES, CURT, LUVERNE, Ranch Hand and UWS.
The Group Impact Award went to the Warn Industries family of brands for its contributions to the success and growth of AAM headquarters, members and resellers. AAM brands under the Warn Industries umbrella include Fab Fours, Fabtech, Factor 55 and WARN.
Presented with the Data Quality Award, BedRug earned special recognition for the quality and completeness of its product data.
DECKED took home the Fastest Growing and Marketing Excellence Awards for achieving the largest sales growth as measured as a percentage over the previous year and for exceptional marketing concepts and execution, respectively.
Retrax accepted the Manpower Excellence Award for fielding the most robust outside sales presence, including actively maintaining strong relationships with retailers and warehouses.
Go Rhino won the Product Innovation Award for its E1 Electric Running Boards.
The Profit Generator Award, presented to BAK Industries, recognized the supplier partner that generated the greatest opportunity for profit across distribution and retail.
The Shipping Excellence Award went to ARC Lighting, which demonstrated the best overall purchase order fulfillment rate. ARC repeated as a winner in this category.
Ambassador Award Winners
AAM also named three recipients of the Ambassador Award, given to key individuals who provided unique and extraordinary support of member distributors over the last year.
Patrick Cripe (Lippert) Chris Greer (RealTruck, Inc.) Matt McShane (Fab Fours)
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By AutoZone
MEMPHIS, Tenn. , May 04, 2023 (GLOBE NEWSWIRE) -- AutoZone, Inc. (NYSE: AZO), the leading retailer and distributor of automotive replacement parts and accessories in the Americas , will release results for its third quarter ended Saturday, May 6, 2023 , before market open on Tuesday, May 23, 2023 .
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By AutoZone
MEMPHIS, Tenn. , March 30, 2023 (GLOBE NEWSWIRE) -- AutoZone, Inc. (NYSE: AZO), today announced that Jenna Bedsole will join the Company as Senior Vice President, General Counsel and Secretary, Customer Satisfaction. Jenna will come to AutoZone from Baker Donelson where she served as managing
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