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    Autozone Inc (AZO)

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    AutoZone, Inc. is the leading retailer and distributor of automotive replacement parts and accessories in the Americas, with operations in the U.S., Mexico, and Brazil . The company offers a wide range of products for cars, sport utility vehicles, vans, and light-duty trucks, including new and remanufactured automotive hard parts, maintenance items, accessories, and non-automotive products . AutoZone's business is divided into two primary segments: Auto Parts Stores and Other, which includes ALLDATA and E-commerce . The company's sales are primarily driven by failure and maintenance-related categories, which together accounted for approximately 86% of total sales in fiscal 2024 . AutoZone also provides commercial sales programs and sells products through its websites, including www.autozone.com and www.autozonepro.com, but does not derive revenue from automotive repair or installation services .

    1. Auto Parts Stores - Operates retail locations offering a comprehensive selection of automotive replacement parts, maintenance items, and accessories for various vehicles.
    2. Other - Encompasses ALLDATA, a provider of automotive diagnostic and repair software, and E-commerce platforms for online sales of automotive products.
    NamePositionExternal RolesShort Bio

    Jamere Jackson

    Executive

    Chief Financial Officer

    Board Member at Eli Lilly & Co.

    Jamere Jackson joined AutoZone as CFO in September 2020 and has led the Finance and Store Development teams.

    Kenneth E. Jaycox, Jr.

    Executive

    Senior Vice President – Commercial

    None

    Kenneth E. Jaycox, Jr. joined AutoZone in July 2024, previously serving as Chief Commercial Officer at U.S. Steel.

    Philip B. Daniele, III

    Executive

    President and Chief Executive Officer

    None

    Philip B. Daniele, III has been with AutoZone for 31 years, holding various roles in store operations and leadership positions. He became CEO in January 2024.

    View Report →

    Thomas B. Newbern

    Executive

    Chief Operating Officer

    None

    Thomas B. Newbern has been with AutoZone since 1985, overseeing operations, sales, and technology. He became COO in 2023.

    William R. Hackney

    Executive

    Executive Vice President – Merchandising, Marketing, and Supply Chain

    None

    William R. Hackney has been with AutoZone since 1983, contributing significantly to merchandising strategies.

    Brian P. Hannasch

    Board

    Director

    Board Member at Alimentation Couche-Tard

    Brian P. Hannasch has been a director at AutoZone since 2022, with extensive retail operations experience.

    Gale V. King

    Board

    Director

    Board Member at Unum Group

    Gale V. King has been a director at AutoZone since 2018, with a background in human resources and corporate governance.

    Jill A. Soltau

    Board

    Director

    Board Member at Kirkland’s Inc., Southwest Airlines Co.

    Jill A. Soltau has been a director at AutoZone since 2018, with CEO experience in the retail industry.

    Linda A. Goodspeed

    Board

    Director

    Board Member at Darling Ingredients Inc.

    Linda A. Goodspeed has been a director at AutoZone since 2013, with extensive IT and automotive industry experience.

    Michael A. George

    Board

    Director

    Board Member at Ralph Lauren Corp.

    Michael A. George has been a director at AutoZone since 2022, with a background as CEO of Qurate Retail and QVC.

    1. Given that your domestic DIY comp was down 1.1% for the quarter, and discretionary categories have been under significant pressure for at least a year, what specific strategies are you implementing to stimulate growth in the DIY segment and offset these declines?
    2. With a $32 million headwind on sales and $8 million on EBIT this quarter due to foreign exchange rates, how do you plan to mitigate the impact of FX on your international business, especially as you continue expanding in markets like Mexico and Brazil?
    3. You've invested over $1 billion in CapEx in FY '24 and plan similar investments in FY '25, particularly in new Hubs, Mega-Hubs, and distribution centers; can you provide clarity on the expected return on these investments and the timeline for them to materially contribute to earnings growth?
    4. Despite opening new commercial programs, average weekly sales per program remained flat at $16,700; what challenges are preventing growth in sales per program, and how do you plan to accelerate your commercial business to meet your growth objectives?
    5. Considering the difficulty in achieving your long-term EPS growth algorithm in the near term due to factors like LIFO and FX headwinds, what specific measures are you taking to return to double-digit EPS growth, and how will you drive margin expansion in this challenging environment?
    Program DetailsProgram 1
    Approval DateJune 19, 2024
    End Date/DurationN/A
    Total additional amount$1.5 billion
    Remaining authorization amount$1.7 billion
    DetailsThe Board authorized an additional repurchase of common stock.
    YearAmount Due (in billions)Debt TypeInterest Rate (%)% of Total Debt
    20250.93.250% Senior Notes, 3.625% Senior Notes3.250, 3.6259.9% = (0.9 / 9.065) * 100
    20260.853.125% Senior Notes, 5.050% Senior Notes3.125, 5.0509.4% = (0.85 / 9.065) * 100
    20270.63.750% Senior Notes3.7506.6% = (0.6 / 9.065) * 100
    20280.94.500% Senior Notes, 6.250% Senior Notes4.500, 6.2509.9% = (0.9 / 9.065) * 100
    20291.053.750% Senior Notes, 5.100% Senior Notes3.750, 5.10011.6% = (1.05 / 9.065) * 100
    20300.754.000% Senior Notes4.0008.3% = (0.75 / 9.065) * 100
    20310.61.650% Senior Notes1.6506.6% = (0.6 / 9.065) * 100
    20320.754.750% Senior Notes4.7508.3% = (0.75 / 9.065) * 100
    20331.354.750%, 5.200%, 6.550% Senior Notes4.750, 5.200, 6.55014.9% = (1.35 / 9.065) * 100
    20340.75.400% Senior Notes5.4007.7% = (0.7 / 9.065) * 100
    NameStart DateEnd DateReason for Change
    Ernst & Young LLP1988 PresentCurrent auditor

    Recent press releases and 8-K filings for AZO.

    AutoZone Issues $500M 5.125% Senior Notes Due 2030
    AZO
    Debt Issuance
    • AutoZone completed a $500M debt issuance of 5.125% Senior Notes due 2030, with interest payable semiannually starting on December 15, 2025, and maturity on June 15, 2030.
    • The transaction was executed under an underwriting agreement on April 10, 2025, with the notes priced at 99.334% of their principal amount and supported by underwriters including BofA Securities, J.P. Morgan Securities, U.S. Bancorp Investments, and Wells Fargo Securities.
    Apr 14, 2025, 12:00 AM
    AutoZone Inc Adopts Revised By-Laws
    AZO
    Board Change
    • The Board of Directors approved the Ninth Amended and Restated By-Laws on March 26, 2025, which includes a reduction in the required voting stock percentage to call a special meeting from a majority to 25%.
    • The filing outlines updated procedures on meeting notices, proxy access, and stock certification requirements to ensure effective governance.
    Apr 1, 2025, 12:00 AM