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AutoZone 3rd Quarter Same Store Sales Increase 2.6%; EPS Increases to $29.03
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By OReilly Auto Parts
SPRINGFIELD, Mo., July 01, 2022 (GLOBE NEWSWIRE) -- O’Reilly Automotive, Inc. (the “Company” or “O’Reilly”) (Nasdaq: ORLY), a leading retailer in the automotive aftermarket industry, announces the release date for its second quarter 2022 results as Wednesday, July 27, 2022, with a conference call to follow on Thursday, July 28, 2022.
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By Counterman
Arnold Motor Supply has officially opened its new Lincoln, Nebraska, location at 2811 W O St.
Lincoln residents are most likely familiar with the West O location and its roots dating back to the early 1980s as Snow Auto Supply. Joe H. Snow served as a colonel in the U.S. Air Force for 28 years before starting the family business. His son Spencer continued the legacy in 1998 and has been managing the store for the past 25 years.
“We’ve wanted to enter the Lincoln market for many years and have had a long relationship with Spencer Snow,” said Eric Johnson, president and managing partner at Arnold Motor Supply. “We’re excited to bring our automotive and commercial vehicle focus to the location while continuing the strong paint and refinish capabilities Snow Auto Supply has always provided the community,”
Arnold Motor Supply entered into agreement with Snow Auto Supply and officially purchased the business earlier this month. The store has an extensive selection of replacement parts for automotive, heavy-duty trucks, collision (including PPG refinish paint), agriculture and fleet applications.
“We also have the advantage of daily deliveries from our distribution centers and surrounding stores,” added Mike Molle, vice president of store operations at Arnold Motor Supply. “Having a readied supply of parts ensures that whether you’re a DIYer or professional repair shop, we’re going to get you the parts you need.”
Customers can visit
link hidden, please login to view link hidden, please login to view to shop a full selection of parts, tools and supplies, or stop by the store from 7:30 a.m. to 6 p.m. Monday through Friday and from 7:30 a.m. to 5 p.m. on Saturdays. The post
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By AutoZone
MEMPHIS, Tenn. , June 08, 2022 (GLOBE NEWSWIRE) -- AutoZone (NYSE:AZO) recognized 16 of its top vendors last night at its 2022 Vendor Partner Summit. The awards honor companies who provided exceptional performance and demonstrated a strong commitment to customer satisfaction during the past year.
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By Counterman
The automotive aftermarket continues to demonstrate its market strength with higher-than-expected sales in 2021 in the wake of a slow economic recovery from the COVID-19 pandemic in the United States.
Total U.S. light duty automotive aftermarket sales are forecasted to increase 8.5% in 2022, totaling $356.5 billion, according to the 2022 Joint Channel Forecast Model produced jointly by the Auto Care Association and the Automotive Aftermarket Suppliers Association (AASA).
This data will be examined in a joint,
link hidden, please login to view led by Shane Norton of S&P Global Mobility at 1 p.m. EDT on June 9. An additional 5% growth is expected for 2023 and growth will average more than 3% in 2024, bringing the light-duty aftermarket to $401.5 billion by 2025, according to the forecast.
The compound average annual growth rate from 2019 to 2022 will be 5.7%, more than making up for losses seen in 2020 due to the pandemic.
“Year after year, the auto care industry continues to show its strength and reliability,” said Bill Hanvey, president and CEO of the Auto Care Association. “In the midst of the highest gas prices on record and an inflation rate at a 40-year high, coupled with persistent supply chain disruptions and war in Eastern Europe, vehicle miles driven, vehicles in operation and consumer spending all increased in 2021 and are projected to increase into the coming years as well.”
“The automotive aftermarket once again shows its resiliency with a stronger than expected recovery from the pandemic,” commented Paul McCarthy, president and CEO of AASA. “In fact, the automotive aftermarket rose nearly 25% in the past two years despite ongoing headwinds, and we are excited to see the landmark market size of $400 billion in 2025. But as the industry advances to that landmark number, look for a new challenge to emerge as we may shift from a market supported by high demand and availability to a battle for market share. With that, we’ll see one more strength of the aftermarket emerge, collaboration with the right partners to ensure the same pace of success in this next phase of industry dynamics.”
Key data in the joint channel forecast model include:
Market trends influencing the aftermarket A 2021-2025 review of industry growth and forecasts Industry sales by channel including history and forecasts Industry sales by distribution channel And more The market sizing and forecast are conducted on behalf of the Auto Care Association and AASA by S&P Global Mobility (formerly the automotive team at IHS Markit), a leading business intelligence firm. The forecast is based on the U.S. Census Bureau’s Economic Census; IMR Inc.; and proprietary data, economic analysis and forecasting models from S&P Global Mobility.
The Joint Channel Forecast Model is available in the Auto Care Association’s
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