Auto News

MEMPHIS, Tenn., June 19, 2017 (GLOBE NEWSWIRE) -- AutoZone recognized 14 of its top suppliers at the annual AutoZone Vendor Summit on May 31, 2017 in Memphis, Tenn. Each company was selected for demonstrating exceptional collaboration, innovation and commitment to customer satisfaction throughout the last year. Five vendors received AutoZone WITTDTJR® awards (“What It Takes to Do the Job Right”): Bearing Tech, MotoRad, Old World Industries, Spectrum Brands GAC and Wilmar Corporation. These vendors consistently ensured that AutoZone’s Do-It-Yourself (“DIY”) customers and professional installers have the parts and products necessary to best fix vehicles and keep vehicles running smoothly. ... View the full article

• Company continues crucial investments in the Customer • Increases multi-year gross productivity target from $500 million to $750 million ROANOKE, Va.--(BUSINESS WIRE)--May 24, 2017-- Advance Auto Parts, Inc. (NYSE: AAP), a leading automotive aftermarket parts provider in North America, serving both professional installer and do-it-yourself customers, today announced its financial results for the first quarter ended April 22, 2017. First quarter GAAP earnings per diluted share (Diluted EPS) were $1.46. First quarter Adjusted earnings per diluted share (Adjusted EPS) were $1.60, which exclude $0.14 of n... View the full article

MEMPHIS, Tenn., May 23, 2017 (GLOBE NEWSWIRE) -- AutoZone, Inc. (NYSE:AZO) today reported net sales of $2.6 billion for its third quarter (12 weeks) ended May 6, 2017, an increase of 1.0% from the third quarter of fiscal 2016 (12 weeks). Domestic same store sales, or sales for stores open at least one year, declined 0.8% for the quarter. Net income for the quarter increased 1.3% over the same period last year to $331.7 million, while diluted earnings per share increased 6.2% to $11.44 per share from $10.77 per share in the year-ago quarter. As previously reported, the Company adopted a new accounting standard on August 28, 2016, related to stock option exercises. For the quarter, the a... View the full article

ROANOKE, Va.--(BUSINESS WIRE)--May 3, 2017-- Advance Auto Parts, Inc. (NYSE: AAP), a leading automotive aftermarket parts provider in North America, serving both professional installer and do-it-yourself customers, will report its 2017 first quarter results before market open on Wednesday, May 24, 2017. The Company will detail its results on a conference call scheduled to begin at 8:00 a.m. Eastern Time on Wednesday, May 24, 2017, which will be made available concurrently on the Company’s website, www.AdvanceAutoParts.com. The call is also available by dialing (866) 908-1AAP. The pass code is Advance Auto Parts. A replay of the c... View the full article

MEMPHIS, Tenn., May 01, 2017 (GLOBE NEWSWIRE) -- AutoZone, Inc. (NYSE:AZO) today announced it will be an exhibitor in the leasing mall at the International Council of Shopping Centers’ 2017 RECon, to be held at the Las Vegas Convention Center in Las Vegas, Nevada, May 21st – 24th, 2017. RECon is the global convention for the shopping center industry and provides networking, deal making and educational opportunities for retail real estate professionals from around the world. With over 37,000 attendees and 1,200 exhibitors spread across 830,000 square feet, RECon is the world’s largest retail real estate exhibition and conference, providing the opportunity to network, make deals and learn fr... View the full article

MEMPHIS, Tenn., May 01, 2017 (GLOBE NEWSWIRE) -- AutoZone, Inc. (NYSE:AZO), the nation’s leading auto parts retailer and a leading distributor of automotive replacement parts and accessories, will release results for its third quarter ended May 6, 2017, before market open on Tuesday, May 23, 2017. Additionally, the Company will host a one hour conference call on Tuesday, May 23, 2017, beginning at 10:00 a.m. (EDT), to discuss the results of the quarter. This call is being webcast and can be accessed, along with supporting slides, at AutoZone’s website at www.autozoneinc.com. Investors may also listen to the call via phone by dialing (210) 839-8923. In addition, a telephone replay will... View the full article

MEMPHIS, Tenn., March 21, 2017 (GLOBE NEWSWIRE) -- AutoZone, Inc. (NYSE:AZO), today announced its Board of Directors authorized the repurchase of an additional $750 million 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 $18.7 billion. “AutoZone’s continued strong financial performance allows us to repurchase our stock while maintaining our investment grade credit ratings,” said Bill Giles, Executive Vice President, Chief Financial Officer and Information Technology. “We remain committed to utilizing share repurchases ... View the full article

Leading automotive aftermarket parts provider teams up with Interactions Marketing to inspire, educate and activate automotive enthusiasts SAN DIEGO--(BUSINESS WIRE)--Mar. 14, 2017-- Interactions, the global leader in innovative retail solutions and experiential marketing, and Advance Auto Parts, Inc. (NYSE:AAP), a leading automotive aftermarket parts provider that serves both professional installers and do-it-yourself customers, will hit the road this month for two 2017 Mobile Tours. This year’s Advance Auto Parts Restoration and VIP Tours are designed to engage and educate auto enthusiasts, fans of do-it-yours... View the full article

Company invests in career pathing, training and benefits for people who have a passion for customers ROANOKE, Va.--(BUSINESS WIRE)--Mar. 6, 2017-- Advance Auto Parts, Inc. (NYSE: AAP), a leading automotive aftermarket parts provider that serves both professional installer and do it yourself customers, is accelerating growth and plans to open 75 to 85 new stores and a state-of-the-art distribution center in 2017. As a result of the new jobs created through expansion and existing career opportunities, Advance expects to hire more than 15,000 team members this year across its family of companies, which includes Advance Auto ... View the full article

MEMPHIS, Tenn., March 03, 2017 (GLOBE NEWSWIRE) -- AutoZone, Inc. (NYSE:AZO), today announced it will attend the upcoming conferences: Raymond James 38th Annual Institutional Investors Conference, March 7, 2017 UBS Global Consumer & Retail Conference, March 8, 2017 Bank of America Merrill Lynch 2017 Consumer and Retail Technology Conference, March 14, 2017 Evercore ISI 7th Annual Retail Summit, March 22, 2017 About AutoZone: As of February 11, 2017, AutoZone sells auto and light truck parts, chemicals and accessories through 5,346 AutoZone stores in 50 states plus the District of Columbia and Puerto Rico in the U.S., and 491 stores in Mexico, 26 IMC branches and nine... View the full article

MEMPHIS, Tenn., Feb. 28, 2017 (GLOBE NEWSWIRE) -- AutoZone, Inc. (NYSE:AZO) today reported net sales of $2.3 billion for its second quarter (12 weeks) ended February 11, 2017, an increase of 1.4% from the second quarter of fiscal 2016 (12 weeks). Domestic same store sales, or sales for stores open at least one year, were flat for the quarter. Net income for the quarter increased 3.7% over the same period last year to $237.1 million, while diluted earnings per share increased 8.8% to $8.08 per share from $7.43 per share in the year-ago quarter. As previously reported, the Company adopted a new accounting standard on August 28, 2016, related to stock option exercises. For the quarter, ... View the full article