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Bryan Dempsey Joins Peterson as Director of Fleet Sales
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By AutoZone
MEMPHIS, Tenn. , Dec. 05, 2023 (GLOBE NEWSWIRE) -- AutoZone, Inc. (NYSE: AZO) today reported net sales of $4.2 billion for its first quarter (12 weeks) ended November 18, 2023 , an increase of 5.1% from the first quarter of fiscal 2023 (12 weeks). Same store sales, or sales for our domestic and
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By Counterman
Patrick Smith recently joined the KYB Aftermarket team in Greenwood, Indiana, as the business operations manager.
The Army veteran will oversee sales and distribution-center administrative functions, focusing on streamlining procedures and improving efficiencies.
Smith spent 10 years in the U.S. Army as an engineer officer, serving in construction and combat engineer positions. His military career culminated as a company commander at Fort Campbell, Kentucky. He is a graduate of the U.S. Military Academy at West Point and has a master of science in organizational leadership.
After his military career, Smith spent two years working in the technology industry with a focus on supply chain and logistics. Smith stated that “he was looking to join a team-oriented organization with a great culture.” His experience aligned with the role, and he knew that KYB was the right place for him after meeting the team, KYB noted.
“In his new role, Smith will help the KYB Aftermarket team improve operations by achieving new ways to more efficiently and effectively support our customers and teammates,” KYB said in a news release. “Our goal is to be our customers’ best supplier. Patrick main’s assignment is to help keep KYB focused on that objective.”
Originally from Seymour, Indiana, Smith will complete his MBA from the Indiana University Kelly School of Business this fall. He currently resides in Indianapolis with his wife and two sons.
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By Alan
To Importers in the Global Tire Industry:
Please read this as it might inspire you. Many international friends have been perplexed about how to import tires manufactured in China and sell them in their home countries. China's tire industry has experienced rapid growth over the past decade, marking a period of significant dividends. Many early investments in large factories have yielded substantial returns. However, with an increasing number of factories and brands, the competition has intensified. For those who wish to enter this industry but are unsure about how to proceed, please follow my website. I will periodically update it with information about China's tire industry for your reference.
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By Counterman
AutoZone reported net sales of $5.7 billion for its fiscal-2023 fourth quarter, a 6.4% year-over-year increase.
Domestic same-store sales for the fourth quarter, which ended Aug. 26, were up 1.7%.
Operating profit increased 10.8% to $1.2 billion. Net income for the quarter increased 6.8% to $864.8 million, while diluted earnings per share increased 14.7% to $46.46, according to the company.
“While we started this quarter slowly, we saw improvements in the back half of our quarter,” AutoZone CEO Bill Rhodes said in a news release. “Despite lower-than-expected growth in domestic commercial, we believe that the initiatives we have in place and are implementing will drive stronger growth in fiscal 2024. Additionally, we continued to be pleased with our international stores’ performance and we are excited about future growth prospects across both Mexico and Brazil.”
Same-store sales in Mexico and Brazil were up 4.5% on a year-over-year basis.
During the quarter, AutoZone opened 53 new stores and closed one in the United States, and opened 27 new stores in Mexico and 17 in Brazil for a total of 96 net new stores. For the fiscal year, the company opened 197 net new stores.
As of Aug. 26, the company had 6,300 stores in the United States, 740 in Mexico and 100 in Brazil for a total store count of 7,140.
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By AutoZone
MEMPHIS, Tenn. , Sept. 19, 2023 (GLOBE NEWSWIRE) -- AutoZone, Inc. (NYSE: AZO) today reported net sales of $5.7 billion for its fourth quarter (16 weeks) ended August 26, 2023 , an increase of 6.4% from the fourth quarter of fiscal 2022 (16 weeks). Same store sales, or sales for our domestic and
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