AutoZone, Inc., a leading retailer and distributor of automotive replacement parts and accessories, will release results for its second quarter ended Saturday, February 12, 2022, before market open on Tuesday, March 1, 2022.

AutoZone, Inc. reported net sales of $4.9 billion for its fourth quarter (16 weeks) ended August 28, 2021, an increase of 8.1% from the fourth quarter of fiscal 2020 (16 weeks). Domestic same store sales, or sales for stores open at least one year, increased 4.3% for the quarter.

All figures in USD.

For the quarter, gross profit, as a percentage of sales, was 52.3%, a decrease of 82 basis points versus the prior year. The decrease in gross margin was primarily driven by the initiatives to accelerate growth in Commercial business.

For the fiscal year ended August 28, 2021, sales were $14.6 billion, an increase of 15.8% from the prior year, while domestic same store sales were up 13.6%. Gross profit, as a percentage of sales, was 52.8% versus 53.6%. The decrease in gross margin was primarily attributable to the initiatives to accelerate growth in our Commercial business. 

Board appointments

 Also, AutoZone, Inc. announced the appointment of Michael George and Brian Hannasch to the AutoZone Board of Directors.

“The additions of Mike and Brian to our Board of Directors will further enhance the tremendous depth of experiences, knowledge and skill sets represented on our Board,” said Bill Rhodes, AutoZone’s Chairman, President and CEO, Customer Satisfaction. “We are very fortunate to add these remarkable and proven leaders to our Board.”

Michael George formerly served as President and CEO of Qurate Retail from March 2018 to September 2021, the parent company of QVC, and as CEO of QVC from 2004 through July 2021. Prior to joining QVC, he served as the Chief Marketing Officer for Dell.   Michael currently serves on the Board of Directors for Ralph Lauren (NYSE: RL).  

Brian Hannasch serves as President and CEO of Alimentation Couche-Tard, which operates Circle K, one of the world’s leading fuel and convenience retailers. Brian joined Couche-Tard in 2001 and was named President and CEO in September 2014. Prior to his current role, Brian served as Chief Operating Officer of Circle K.

With these additions, AutoZone has 11 board members.

Additionally, the Company will host a one-hour conference call on Tuesday, March 1, 2022, beginning at 10:00 a.m. (EST), to discuss the results of the quarter.

This call is being web cast and can be accessed, along with supporting slides, at AutoZone’s website at www.autozone.com and clicking on Investor Relations.

Investors may also listen to the call by dialing 877-545-0523, passcode AutoZone. In addition, a telephone replay will be available by dialing 877- 481-4010, replay passcode 44573 through April 1, 2022.

About AutoZone:

As of November 20, 2021, the Company had 6,066 stores in the U.S., 666 stores in Mexico, and 53 stores in Brazil for a total store count of 6,785. AutoZone is the leading retailer and distributor of automotive replacement parts and accessories in the Americas. Each store carries an extensive product line for cars, sport utility vehicles, vans and light trucks, including new and remanufactured automotive hard parts, maintenance items, accessories, and non-automotive products.

Many stores also have a commercial sales program that provides commercial credit and prompt delivery of parts and other products to local, regional and national repair garages, dealers, service stations and public sector accounts. It also has commercial programs in all stores in Mexico and Brazil. AutoZone also sells the ALLDATA brand automotive diagnostic, repair and shop management software through www.alldata.com. Additionally, it sells automotive hard parts, maintenance items, accessories and non-automotive products through www.autozone.com, and commercial customers through www.autozonepro.com.

It also provides product information on our Duralast branded products through www.duralastparts.com. AutoZone does not derive revenue from automotive repair or installation.