Wedbush Remains Bullish on AutoZone (AZO) Following 4Q Report
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Gabelli & Company’s 40th Annual Automotive Aftermarket Symposium
September 22, 2016 10:43 AM EDTRYE, N.Y.--(BUSINESS WIRE)-- Gabelli & Company will host its 40th Annual Automotive Aftermarket Symposium on October 31 and November 1 in Las Vegas, Nevada. This conference showcases a full spectrum of leading automotive companies, including aftermarket parts retailers, original equipment & aftermarket parts suppliers, publicly traded dealership groups, and medium & heavy duty truck manufacturers. Presentations, fireside chats, and one-on-one meetings will be held from 12:00 p.m. PST on Monday, October 31 through 5:00 p.m. PST on Tuesday, November 1. The event occurs in... More
AutoZone 4th Quarter Same Store Sales Increase 1.0%
September 22, 2016 6:59 AM EDT4th Quarter EPS Increases to $14.30;Fiscal 2016 Sales $10.6 Billion;Fiscal 2016 EPS Increases to $40.70
MEMPHIS, Tenn., Sept. 22, 2016 (GLOBE NEWSWIRE) -- AutoZone, Inc. (NYSE: AZO) today reported net sales of $3.4 billion for its fourth quarter (16 weeks) ended August 27, 2016, an increase of 3.3% from the fourth quarter of fiscal 2015 (16 weeks). Â Domestic same store sales, or sales for stores open at least one year, increased 1.0% for the quarter.
Net income for the quarter increased 6.4% over the same period last year to $426.8 million, while diluted earnings per share increased... More
AutoZone Authorizes Additional Stock Repurchase
September 22, 2016 6:58 AM EDTMEMPHIS, Tenn., Sept. 22, 2016 (GLOBE NEWSWIRE) -- AutoZone, Inc. (NYSE: AZO), today announced its Board of Directors authorized the repurchase of an additional $750 million of the Companys common stock in connection with its ongoing share repurchase program. Since the inception of the repurchase program in 1998, and including the above amount, AutoZones Board of Directors has authorized $17.9 billion.
AutoZones continued strong financial performance allows us to repurchase our stock while maintaining our investment grade credit ratings, said Bill Giles, Executive Vice... More
