AutoZone Inc. is a specialty retailer of automotive parts and accessories primarily to do-it-yourself (DIY) customers. As of the fiscal year ended August 31, 2002 (fiscal 2002), the Company operated 3,068 auto parts stores in the United States and 39 in Mexico. It also sells parts and accessories online at autozone.com. Each auto parts store carries an extensive product line for cars, vans and light trucks, including new and remanufactured automotive hard parts, maintenance items and accessories.

http://www.autozoneinc.com

AutoZone 2nd Quarter Sales Increase 3.0 Percent; EPS Increases 15.7 Percent
MEMPHIS, Tenn., Feb. 26, 2008 (PRIME NEWSWIRE) -- AutoZone, Inc. (NYSE:AZO) today reported net sales of $1.3 billion for its second quarter (12 weeks) ended February 9, 2008, an increase of 3.0% from fiscal second quarter 2007. Domestic same store sales, or sales for stores open at least one year, decreased 0.3% for the quarter.
Net income for the quarter increased 3.6% over the same period last year to $106.7 million, while diluted earnings per share increased 15.7% to $1.67 per share from $1.45 per share in the year-ago quarter.
For the quarter, gross profit, as a percentage of sales, was 49.9% (versus 49.2% last year). The improvement in gross margin was primarily due to ongoing category management efforts. Additionally, operating expenses, as a percentage of sales, were 35.2% (versus 34.6% last year). The increase in operating expenses, as a percentage of sales, primarily reflected higher occupancy costs versus the previous year.
The Company's GAAP inventory increased 8.2% over the same period last year. However, adjusted inventory per store, which includes supplier owned pay-on-scan inventory, as of February 9, 2008, was $504 thousand versus $496 thousand last year, an increase of 1.6%. Net inventory, defined as merchandise inventories less accounts payable, decreased on a per store basis to $55 thousand from $63 thousand last year.
AutoZone did not repurchase any shares of its common stock during the second quarter. The Company has $108 million remaining under its current share repurchase authorization. For the fiscal year-to-date, the Company has repurchased 2.9 million shares of its common stock for $350 million. 

AutoZone First Quarter Sales Increase 4.5 Percent; EPS Increases 17.4 Percent
MEMPHIS, Tenn., Dec 4, 2007 (PrimeNewswire via COMTEX News Network) -- AutoZone, Inc. (NYSE:AZO) today reported net sales of $1.5 billion for its first quarter (12 weeks) ended November 17, 2007, an increase of 4.5% from fiscal first quarter 2007. Domestic same store sales, or sales for stores open at least one year, increased 1.3% for the quarter.
Net income for the quarter increased 7.0% over the same period last year to $132.5 million, while diluted earnings per share increased 17.4% to $2.02 per share from $1.73 per share in the year-ago quarter.
For the quarter, gross profit, as a percentage of sales, was 49.9% (versus 49.2% last year). The improvement in gross margin was due to ongoing category management efforts as well as a shift in sales mix to higher margin categories. Additionally, operating expenses, as a percentage of sales, were 33.6% (versus 33.2% last year). The increase in operating expenses, as a percentage of sales, primarily reflected higher occupancy costs versus last year.
Under its share repurchase program, AutoZone repurchased 2.9 million shares of its common stock for $350.0 million during the first quarter, at an average price of $121 per share. The Company has $108 million remaining under its current share repurchase authorization.
The Company's GAAP inventory increased 8.9% over the same period last year. However, adjusted inventory per store, which includes supplier owned pay-on-scan inventory, as of November 17, 2007, was $507 thousand versus $503 thousand last year, an increase of less than 1%. Net inventory, defined as merchandise inventories less accounts payable, decreased on a per store basis to $50 thousand from $60 thousand last year. 

AutoZone 3rd Quarter Sales Increase 4.0 Percent; EPS Increases 15.0 Percent
MEMPHIS, Tenn., May 22, 2007 (PRIME NEWSWIRE) -- AutoZone, Inc. (NYSE:AZO) today reported net sales of $1.474 billion for its third quarter (12 weeks) ended May 5, 2007, an increase of 4.0% from fiscal third quarter 2006. Domestic same store sales, or sales for stores open at least one year, increased 0.4% for the quarter. 
Net income for the quarter increased 5.0% over the same period last year to $151.6 million, while diluted earnings per share increased 15.0% to $2.17 per share from $1.89 per share reported in the year-ago quarter. 
For the quarter, gross profit, as a percentage of sales, was 49.9% (versus 49.7% last year). The improvement in gross margin was largely due to the Company's ongoing category management initiatives and a focus on driving supply chain efficiencies. Additionally, operating expenses, as a percentage of sales, were 31.9% (versus 31.8% last year). The increase in operating expenses, as a percentage of sales, reflected higher occupancy costs versus last year. 
Under its share repurchase program, AutoZone repurchased 1.9 million shares of its common stock for $244.8 million during the third quarter, at an average price of $128 per share. For the fiscal year to date, the Company has repurchased 3.8 million shares of its common stock for $464.5 million, at an average price of $123 per share. 
The Company's adjusted inventory per store, which includes supplier owned pay-on-scan inventory, as of May 5, 2007, was $504 thousand versus $495 thousand last year. Net inventory, defined as merchandise inventories less accounts payable, decreased on a per store level to $73 thousand from $82 thousand last year.