AutoZone posts softer Q1 results as earnings and sales miss estimates despite solid commercial gains and continued store expansion.
AutoZone's NYSE: AZO is flashing a textbook trend-following buy signal after a modest early December pullback. The stock remains in a robust long-term uptrend, and the latest dip appears to be more of a buying opportunity than a reason for concern.
AutoZone plans an aggressive store expansion with 53 new locations opened globally in the latest quarter, bringing total to 7,710 stores as auto parts retailer grows.
| Automobile Components Industry | Consumer Discretionary Sector | Philip B. Daniele III CEO | LSE Exchange | US0533321024 ISIN |
| US Country | 75,600 Employees | - Last Dividend | 21 Apr 1994 Last Split | 1 Apr 1991 IPO Date |
AutoZone, Inc., a leading retailer and distributor of automotive replacement parts and accessories, operates across the United States, Mexico, and Brazil. Founded in 1979 and headquartered in Memphis, Tennessee, the company caters to a wide range of vehicles, including cars, sport utility vehicles, vans, and light trucks. AutoZone's extensive product line includes both new and remanufactured automotive hard parts, maintenance items, accessories, and a selection of non-automotive products. In addition to its product offerings, AutoZone provides a commercial credit and delivery program for parts and other products, sells automotive diagnostic and repair software under the ALLDATA brand, and operates an e-commerce platform through autozone.com for its diverse product range.