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AutoZone to Release First Quarter Earnings December 10, 2019


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MEMPHIS, Tenn. , Nov. 27, 2019 (GLOBE NEWSWIRE) -- AutoZone, Inc. (NYSE:AZO), the nation’s leading auto parts retailer and a leading distributor of automotive replacement parts and accessories, will release results for its first quarter ended Saturday, November 23, 2019 , before market open on

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    • By AutoZone
      MEMPHIS, Tenn. , Nov. 16, 2022 (GLOBE NEWSWIRE) -- AutoZone, Inc. (NYSE:AZO), announced it will hold its Annual Meeting of Stockholders on December 14, 2022 , at the J.R. Hyde III Store Support Center in Memphis, Tennessee . The meeting will begin at 9:00 a.m. (ET) .
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    • By AutoZone
      MEMPHIS, Tenn. , Nov. 16, 2022 (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 first quarter ended Saturday, November 19, 2022 , before market open on Tuesday,
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    • By Advance Auto Parts
      Q3 Net Sales Increased 0.8% to $2.6 Billion; Year to Date Increased 1.0%
      Returned $167 Million to Shareholders in Q3; Year to Date Returned $860 Million
      Reiterates Net Sales, Comparable Store Sales and Adjusted Operating Income Margin Guidance
      RALEIGH, N.C.--(BUSINESS WIRE)-- Advance Auto Parts, Inc. (NYSE: AAP), a leading automotive aftermarket parts provider in North America, that serves both professional installer and do-it-yourself customers, announced its financial results for the third quarter ended October 8, 2022.
      "I want to thank the entire family of Advance team members as well as our growing network of independent partners for their continued dedication,” said Tom Greco, president and chief executive officer. “We continue to execute our strategy to drive full year net sales growth and adjusted operating income margin expansion while returning excess cash to shareholders. In the third quarter, net sales grew 0.8% which benefited from improvements in strategic pricing and new stores, while comparable store sales declined by 0.7% in-line with previous guidance. Our deliberate move to increase owned brand penetration, which carries a lower price point, reduced net sales by approximately 80 basis points and comp sales by approximately 90 basis points. We also continued to invest in our business while returning approximately $860 million in cash to our shareholders through the first three quarters of 2022.
      “We’re reiterating our full year guidance that implies 20 to 40 basis points of adjusted operating income margin expansion, despite margins contracting in the third quarter. 2022 will be the second consecutive year that we have grown adjusted operating income margins in a highly inflationary environment. Our industry has proven to be resilient, and the fundamental drivers of demand remain positive. While we continue to execute against our long-term strategic plan, we’re not satisfied with our relative topline performance versus the industry this year and are taking measured, deliberate actions to accelerate growth.”
      Third Quarter 2022 Results (1)
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      On a GAAP basis, the company's Operating income was $177.2 million, or 6.7% of Net sales, compared with 8.7% in the third quarter of 2021. The company's Adjusted operating income was $258.0 million, a decrease of 5.8% versus the third quarter of the prior year. Adjusted operating income margin decreased 68 basis points to 9.8% of Net sales compared with 10.4% of Net sales in the third quarter of the prior year.
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      ____________________
      (1) All comparisons are based on the same time period in the prior year.
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      Full Year 2022 Guidance
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    • By Counterman
      First Brands Group has released a new Raybestos product online catalog that will be available on a USB drive for those attending the AAPEX in Las Vegas.
      In addition, Raybestos has released 32 new part numbers covering more than 11 million vehicles in operation (VIO). New brake-pad coverage is available for late-model passenger and transport vehicles, including the Buick Enclave, Cadillac CT4 and CT5, Ford F-150 and Mercedes-Benz Sprinter.
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