The company said on June June 19, 2024 its board authorized the repurchase of an additional $1.5 billion of its common stock under its ongoing share repurchase program.

8-KOther EventsFiled Jun 20, 2024Period of report Jun 19, 2024Summary published (UTC) Oct 26, 2026

Key points

AI summary

The company said on June June 19, 2024 its board authorized the repurchase of an additional $1.5 billion of its common stock under its ongoing share repurchase program.
AutoZone said the cumulative amount of share repurchases authorized by its board since the program began in 1998, including the additional authorization, is $39.2 billion.
The company said Chief Financial Officer Jamere Jackson explained that its strong free cash flow generation allows it to increase its cumulative repurchase authorization while maintaining its investment grade credit ratings.
AutoZone said it operated 6,364 stores in the U.S., 763 in Mexico and 109 in Brazil, for a total of 7,236 stores as of May 4, 2024.

Summary

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Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Additional $1.5 billion Stock Repurchase Authorized

The company said on June June 19, 2024 its board authorized the repurchase of an additional $1.5 billion of its common stock under its ongoing share repurchase program.

Source · Based on the filing body and exhibits

Cumulative Authorization Since 1998 at $39.2 billion

AutoZone said the cumulative amount of share repurchases authorized by its board since the program began in 1998, including the additional authorization, is $39.2 billion.

Source · Based on the filing body and exhibits

CFO Explains Basis for Repurchase Authorization

The company said Chief Financial Officer Jamere Jackson explained that its strong free cash flow generation allows it to increase its cumulative repurchase authorization while maintaining its investment grade credit ratings.

Source · Based on the filing body and exhibits

Store Count as of May 4, 2024

AutoZone said it operated 6,364 stores in the U.S., 763 in Mexico and 109 in Brazil, for a total of 7,236 stores as of May 4, 2024.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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