The latest business news around the world. Written by Market Business News's very own editorial team to deliver reliable, up to date, and honest news.

Autozone Inc. – Company Information

0

AutoZone Inc. is a US based retailer of automotive parts and accessories. It is headquartered in Memphis, Tennessee.

The company owns and operates 5,391 stores in the US, Puerto Rico, Mexico, and Brazil.

Its stores focus on selling new and remanufactured automotive hard parts, maintenance items, accessories, and non-automotive products.

The first store openeed in Forrest City, Arkansas, on July 4, 1979, under the name “Auto Shack”. On August 17, 2012, AutoZone celebrated the opening of their 5,000th store – in Wasilla, Alaska.

According to the company’s 2013 Annual Report, around 85% to 90% of each store’s square footage is selling space, of which approximately 40% to 45% is dedicated to hard parts inventory.

It also sells the ALLDATA brand automotive diagnostic and repair software through the website “www.alldata.com“.

In 1991 AutoZone Inc went public on the New York Stock Exchange (NYSE) under the stock ticker symbol “AZO” at price of $27.50 per share – at the time the company was valued at $1 billion.

All support functions are centralized in at support centers in Memphis, Tennessee; Monterrey, Mexico; Chihuahua, Mexico and Sao Paulo, Brazil.

The company has over 76,000 employees, of whom 57 percent work full-time.

Overview

AutoZone logo

  • Chairman, President and CEO: William C. Rhodes III
  • Industry: Automotive parts and accessories
  • Type: Public
  • Listed on the New York Stock Exchange (NYSE)
  • NYSE stock symbol: AZO
  • S&P 500 Component
  • Founded: 1979
  • Founder: Joseph Reeves Hyde III
  • Net sales: $9.475 billion USD (2014)
  • Net income: $1,069 million USD (2014)
  • Diluted earnings per share: $31.57 USD (2014)
  • Company head office: 123, S. Front Street, Memphis, TN 38103-3607, USA
  • Employees: 76,000 (2014)
  • Website: http://www.autozone.com/
  • Contact number: (901) 495-6500

AutoZone Inc Financial Results, Year Ended August 30, 2014

Operating data (in $ thousands) 2014 2013
Net sales $9,475,313 $9,147,530
Cost of sales, including warehouse and delivery expenses $4,540,406 $4,406,595
Gross profit $4,934,907 $4,740,935
Operating, selling, general and administrative expenses $3,104,684 $2,967,837
Operating profit $1,830,223 $1,773,098
Interest expense, net $167,509 $185,415
Income before income taxes $1,662,714 $1,587,683
Income tax expense $592,970 $571,203
Net income $1,069,744 $1,016,480
Balance sheet data (in $ thousands)
Total assets $7,517,858 $6,892,089
Long-term debt $4,162,890 $4,013,267
Total stockholders’ deficit $(1,621,857) $(1,687,319)
Common share data (in $)
Basic earnings per share $32.16 $28.23
Diluted earnings per share $31.57 $27.79
Cash flow data (in $ thousands)
Cash provided by operating activities $1,341,234 $1,415,011
Cash (used in) investing activities $(447,968) $(527,295)
Cash (used in) financing activities $(911,557) $(847,022)
Cash and cash equivalents at beginning of fiscal year $142,191 $103,093
Cash and cash equivalents at end of fiscal year $124,485 $142,191

Source: “AutoZone Inc Form 10-K 2014”