-
Welcome to Auto Parts Forum
Whether you are a veteran automotive parts guru or just someone looking for some quick auto parts advice, register today and start a new topic in our forum. Registration is free and you can even sign up with social network platforms such as Facebook, Twitter, Google, and LinkedIn.
AutoZone 1st Quarter Same Store Sales Increase 3.4%; EPS Increases to $14.30
-
Similar Topics
-
By jameswesley
National Truck Pro: National link hidden, please login to view Pro is a popular auto parts store chain with multiple locations in Los Angeles and Gardena. They offer a wide range of automotive parts, including batteries, brakes, filters, and fluids, making them a convenient choice for routine maintenance and repairs.
O'Reilly Auto Parts: O'Reilly Auto Parts is another established chain with stores throughout the region. They provide a comprehensive selection of auto parts and tools, along with knowledgeable staff to assist customers in finding the right components for their vehicles.
NAPA Auto Parts: NAPA Auto Parts is a trusted name in the automotive industry and has several locations in Los Angeles and Gardena. They offer quality parts, tools, and equipment for both professional mechanics and individuals working on their cars.
Pep Boys: Pep Boys has been serving the automotive community for decades and operates stores in the area. They provide a wide array of auto parts, accessories, and services, including tire and battery installations.
Advance Auto Parts: Advance Auto Parts has a presence in the Los Angeles area and offers a diverse range of auto parts, from engine components to lighting and electrical systems.
These jobber stores are invaluable resources for anyone looking to maintain, repair, or customize their vehicles. Whether you need essential components like brakes and filters or are seeking performance upgrades and accessories, these stores typically have a knowledgeable staff and a vast inventory to meet your auto parts needs. Be sure to check their specific locations, hours, and availability before planning your visit.
-
By NAPA
ATLANTA, Sept. 28, 2023 /
link hidden, please login to view/ -- Genuine Parts Company (NYSE: GPC), a leading global distributor of automotive and industrial replacement parts, plans to release third quarter financial results on October 19, 2023. Management will also conduct a conference call on this date at 11:00 a.m. ET. The public may access the webcast and supplemental earnings materials on the link hidden, please login to view. The call is also available by dialing 888-317-6003. The conference ID is 9754822. A replay of the call will be available on the company's website or toll-free at 877-344-7529, ID 7086770, two hours after the completion of the conference call. About Genuine Parts Company
Founded in 1928, Genuine Parts Company is a global service organization engaged in the distribution of automotive and industrial replacement parts. The company's Automotive Parts Group distributes automotive replacement parts in the U.S., Canada, Mexico, Australasia, France, the U.K., Ireland, Germany, Poland, the Netherlands, Belgium, Spain and Portugal. The company's Industrial Parts Group distributes industrial replacement parts in the U.S., Canada, Mexico and Australasia. In total, the company serves its global customers from an extensive network of more than 10,000 locations in 17 countries and has approximately 58,000 employees. Further information is available at
link hidden, please login to view. SOURCE Genuine Parts Company
For further information: Investor contact: Tim Walsh, (678) 934-5349, Senior Director - Investor Relations; Media contact: Heather Ross, (678) 934-5220, Vice President - Strategic Communications
link hidden, please login to view -
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.
The post
link hidden, please login to view appeared first on link hidden, please login to view.
link hidden, please login to view -
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
link hidden, please login to view 
-
By AutoZone
MEMPHIS, Tenn., Sept. 18, 2023 (GLOBE NEWSWIRE) -- AutoZone (NYSE: AZO), following its Leadership Transition Plan announced on June 26, 2023, today announced additional senior leadership changes. Tom Newbern, a 38-year AutoZoner, currently Executive Vice President, Operations, Sales and Technology, has been promoted to Chief Operating Officer (COO). Additionally, Jamere Jackson, current Chief Financial Officer and Executive Vice President, Finance and Store Development, has been promoted as Chief Financial Officer (CFO) where he will continue to lead the Finance and Store Development teams. Phil Daniele, our Chief Executive Officer-Elect (CEO-Elect), is positioning Tom and Jamere as equivalents and the senior most leaders of his leadership team.
Additionally, Bill Hackney, a 38-year AutoZoner, currently Senior Vice President, Merchandising, has been promoted to Executive Vice President, Merchandising, Marketing and Supply Chain replacing Phil Daniele who previously held the role.
“I’m very excited about these strategic moves which position us well for continued growth. Jamere and Tom are exceptional leaders and having them at my side will be an enormous benefit. Also, Bill Hackney’s promotion to Executive Vice President reflects the deep strength of our leadership team. All are proven leaders and poised to serve our customers and lead our company for many years to come,” said Phil Daniele, Chief Executive Officer-Elect.
Finally, three of AutoZone’s other Executive Committee members will be retiring around the end of the calendar year consistent with AutoZone’s long-standing Succession Plan. “I want to thank and congratulate Grant McGee, Senior Vice President, Commercial, Charlie Pleas, Senior Vice President, Finance and Accounting, and Al Saltiel, Senior Vice President, Marketing and E-Commerce on their stellar AutoZone careers and thank them for their exceptional service and leadership,” said Bill Rhodes, Chairman, President and CEO.
The company has active searches under way for Grant and Al’s replacements which will include internal and external candidates and Charlie’s role will be restructured.
About AutoZone:
As of May 6, 2023, the Company had 6,248 stores in the U.S., 713 in Mexico and 83 in Brazil for a total store count of 7,044.
AutoZone is the leading retailer and distributor of automotive replacement parts and accessories in the Americas. Each store carries an extensive product line for cars, sport utility vehicles, vans and light trucks, including new and remanufactured automotive hard parts, maintenance items, accessories, and non-automotive products. Many stores also have a commercial sales program that provides commercial credit and prompt delivery of parts and other products to local, regional and national repair garages, dealers, service stations and public sector accounts. We also have commercial programs in the majority of our stores in Mexico and Brazil. AutoZone also sells the ALLDATA brand automotive diagnostic, repair and shop management software through
link hidden, please login to view. Additionally, we sell automotive hard parts, maintenance items, accessories and non-automotive products through link hidden, please login to view, and our commercial customers can make purchases through link hidden, please login to view. We also provide product information on our Duralast branded products through link hidden, please login to view. AutoZone does not derive revenue from automotive repair or installation services. Contact Information:
Financial: Brian Campbell at (901) 495-7005,
link hidden, please login to view
Media: David McKinney at (901) 495-7951, link hidden, please login to view
link hidden, please login to view
-
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.