AutoZone Authorizes Additional Stock Repurchase
December 15 2021 - 5:00PM
AutoZone, Inc. (NYSE: AZO), today announced its Board of Directors
authorized the repurchase of an additional $1.5 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 $29.2 billion in share repurchases.
“AutoZone’s continued strong financial performance allows us to
grow our business, return meaningful amounts of cash to our
shareholders and maintain our investment grade credit ratings,”
said Jamere Jackson, Chief Financial Officer and Executive Vice
President – Finance, and Store Development. “We remain committed to
our disciplined capital allocation policy to drive growth and
enhance shareholder returns while maintaining adequate
liquidity.”
About AutoZone:
As of November 20, 2021, the Company had 6,066, stores in the
U.S., 666 stores in Mexico, and 53 stores in Brazil for a total
store count of 6,785.
AutoZone is the leading retailer, and a leading distributor, of
automotive replacement parts and accessories in the Americas. Each
AutoZone 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 all stores in
Mexico and Brazil. AutoZone also sells the ALLDATA brand
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.Contact Information:
Media: David McKinney,
901-495-7951, david.mckinney@autozone.com
Financial: Brian Campbell,
901-495-7005, brian.campbell@autozone.com
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