Hyundai Motor Group to Invest $6.26 Billion in AI Data Center, Robotics and Renewable Energy Projects in South Korea 
Coupang Faces Fallout from Data Breach and Rising Competition in South Korea’s E-Commerce Market 
Amazon’s $50B OpenAI Investment Tied to AGI Milestone and IPO Plans 
Trump Pushes Tech Giants to Build Power Plants to Offset AI Data Center Energy Costs 
Nintendo Share Sale: MUFG and Bank of Kyoto to Sell Stakes in Strategic Unwinding 
Anthropic Refuses Pentagon Request to Remove AI Safeguards Amid Defense Contract Dispute 
Chime Forecasts Strong 2026 Revenue Growth, Shares Jump on Profit Outlook 
Nvidia Earnings Beat Expectations as AI Demand Surges, Stock Rises on Strong Revenue Outlook 
BlueScope Steel Shares Drop After Rejecting Revised A$15 Billion Takeover Bid 
Coupang Reports Q4 Loss After Data Breach, Revenue Misses Estimates 
OpenAI Faces Scrutiny After Banning ChatGPT Account of Tumbler Ridge Shooting Suspect 
Synopsys Q2 Revenue Forecast Misses Expectations Amid China Export Curbs and AI Shift 
HSBC 2025 Earnings Beat Expectations as Wealth and Transaction Banking Drive Growth 
Flare, Xaman Roll Out One-Click DeFi Vault for XRP Yield via XRPL Wallets 
Qantas Reports Record First-Half Profit as Travel Demand and New Aircraft Boost Earnings 
Woolworths Shares Surge as First-Half Profit Beats Forecasts and Full-Year Guidance Raised 
MEMPHIS, Tenn., March 20, 2018 -- AutoZone, Inc. (NYSE:AZO), today announced its Board of Directors authorized the repurchase of an additional $1 billion 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 $19.7 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 within the bounds of a disciplined capital structure to enhance stockholder returns while maintaining adequate liquidity to execute our plans.”
About AutoZone:
As of February 10, 2018, AutoZone sells auto and light truck parts, chemicals and accessories through 5,514 AutoZone stores in the U.S., including the District of Columbia and Puerto Rico; 532 stores in Mexico; 16 stores in Brazil; and 26 IMC branches for a total count of 6,088.
AutoZone is the leading retailer and a leading distributor of automotive replacement parts and accessories in the United States. Each AutoZone 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. IMC branches carry an extensive line of original equipment quality import replacement parts. AutoZone also sells the ALLDATA brand diagnostic and repair software through www.alldata.com. Additionally, we sell automotive hard parts, maintenance items, accessories, and non-automotive products through www.autozone.com, and our commercial customers can make purchases through www.autozonepro.com and www.imcparts.net. AutoZone does not derive revenue from automotive repair or installation.
Contact Information:
Media: Ray Pohlman, 866-966-3017, [email protected]
Financial: Brian Campbell, 901-495-7005, [email protected]
