AutoZone Authorizes Additional Stock Repurchase
20 Décembre 2023 - 11:00PM
AutoZone, Inc. (NYSE: AZO), today announced its Board of Directors
authorized the repurchase of an additional $2.0 billion of the
Company’s common stock in connection with its ongoing share
repurchase program. Since the inception of the repurchase program
in 1998, and including the above amount, AutoZone’s Board of
Directors has authorized $37.7 billion in share repurchases.
“AutoZone’s continuing ability to generate strong free cash flow
allows us to increase our cumulative share authorization while
maintaining our investment grade credit ratings,” said Jamere
Jackson, Chief Financial Officer. “Additionally, we will continue
with our disciplined capital allocation policy to drive top line
growth while maintaining adequate liquidity.”
About AutoZone:
As of November 18, 2023, the Company had 6,316 stores in
the U.S., 745 in Mexico and 104
in Brazil for a total store count of 7,165.
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 www.alldata.com. Additionally, we sell
automotive hard parts, maintenance items, accessories and
non-automotive products through www.autozone.com, and our
commercial customers can make purchases
through www.autozonepro.com. We also provide product
information on our Duralast branded products
through www.duralastparts.com. AutoZone does not derive
revenue from automotive repair or installation services.
Contact Information:Financial: Brian
Campbell at (901)
495-7005, brian.campbell@autozone.comMedia: David
McKinney at (901)
495-7951, david.mckinney@autozone.com
AutoZone (NYSE:AZO)
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