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update # of locations
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{{Short description|AutomotiveAmerican Partsautomotive Companyparts company}}
{{Cleanup bare URLs|date=September 2022}}
{{Infobox company
| name = AutoZone, Inc.
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| image = Autozonehqmemphis.jpg
| image_size = 250px
| image_caption = AutoZone headquartersHeadquartersin[[Memphis, Tennessee]]
| type = [[Public company|Public]]
| traded_as = {{ubl|{{NYSE|AZO}}|[[S&P 500]] component}}
| foundationfounded = {{startStart date and age|1979|7|4}} (as Auto Shack)<br />[[Forrest City, Arkansas]], U.S.
| founder = [[Pitt Hyde]]
| locationhq_location = [[Memphis, Tennessee]], U.S.
| locations = 7,140 (2023)
| locations = 7,014 (as of February 11, 2023)<ref name=pr12062022>{{cite press release |author=<!--Not stated--> |title=AutoZone 2nd Quarter Same Store Sales Increase 5.3%; EPS Increases to $24.64 |url= https://about.autozone.com/news-releases/news-release-details/autozone-2nd-quarter-same-store-sales-increase-53-eps-increases|location= Memphis, Tennessee|publisher= AutoZone|date=February 28, 2023 |access-date=2023-03-25}}</ref>
| area_served = * United States
* [[Puerto Rico]] (since 2005)
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* Brazil (since 2012)
* Mexico (since 1998)
| key_people = {{nowrap|Pitt Hyde}}<br />{{nowrap|([[Entrepreneur|Founder]])}}<br />{{nowrap|[[William C. Rhodes (businessman)|William C. RhodesPhil IIIDaniele]]}}<br />{{nowrap|([[Chairman]], [[President (corporate title)|President]], & [[CEO]])}}<br />{{nowrap|Jamere Jackson}}<br />{{nowrap|([[Chief financial officer|CFO]])}}
| industry = [[Retailing|Retail]]
| products = [[auto parts|Automotive parts]] and [[:Category:Automotive accessories|accessories]]
| revenue = {{increase}} {{US$|17.48 billion|link=yes}} (2023)
| revenue = {{increase}} US$12.631 billion (2020)<ref name=AnnualR2020>{{cite web|title=AutoZone, Inc. 2020 Annual Report |url=https://investors.autozone.com/static-files/51a24a31-c242-493b-b66a-9fc5faa45c8a |website=investors.autozone.com |access-date=11 September 2021|date=29 August 2020}}</ref>
| operating_income = {{increase}} US$23.417474 billion (20202023)<ref name=AnnualR2020 />
| net_income = {{increase}} US$12.732528 billion (20202023)<ref name=AnnualR2020 />
| assets = {{increase}} US$1415.42399 billion (20202023)<ref name=AnnualR2020 />
| equity = {{increasedecrease}} -US$877–4.97735 millionbillion (20202023)<ref name=AnnualR2020 />
| num_employees = ~87{{circa|119,000}}
| num_employees_year = 2017August 2023
| website = {{url|autozone.com}}
| footnotes = Financials {{asof|2023|08|26|lc=y|df=US}}.<ref name="10-K Aug 20172023">{{cite web |url=https://www.sec.gov/Archives/edgar/data/866787/000119312517319357000155837023016668/d447746d10kazo-20230826x10k.htm | title=US SEC: Form 10-K AutoZone, Inc. |publisher=[[United States Securities and Exchange Commission]] |date=October 2524, 20172023}}</ref>
}}
 
'''AutoZone, Inc.''' is an American retailer of [[Aftermarket (automotive)|aftermarket]] [[automotive parts]] and accessories, the largest in the United States.<ref name="10-K Aug 2017"/> Founded in 1979, AutoZone has 67,978140 stores across the United States, Mexico, Puerto Rico, Brazil and the US Virgin Islands. The company is based in [[Memphis, Tennessee]].<ref name="10-K Aug 20172023"/><ref name="Autozone Commercial Appeal March 2020">{{cite web | url=https://www.commercialappeal.com/story/news/2020/03/09/autozone-co-founder-former-president-peter-formanek-dies-obituary/4999180002/ | title=AutoZone co-founder, former president Peter Formanek has died | work=Memphis Commercial Appeal | date=9 March 2020|access-date=March 16, 2020}}</ref>
 
==History==
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By 1986, expansion had made the company grow into a large store chain across the South and the Midwest. That year, Darren Reltherford, manager of Auto Shack's Memphis, Tennessee store, received the first Extra Miler award, which has since been given to AutoZoners who show their dedication to customer satisfaction by "going the extra mile" for customer service. The Duralast line of alternators and starters was released. The Loan-A-Tool program began allowing customers to borrow specific tools for jobs. The fourth distribution center in Greenville, South Carolina opened. The total number of stores was 339 in 15 states.
 
[[File:AutoAutoZone Zonestore signin Murphy, North Carolina.JPGjpg|thumb|AutoZone store sign in [[PhoenixMurphy, ArizonaNorth Carolina]]]]
In 1987, Auto Shack officially changed its name to AutoZone.<ref name=fortune/> The first AutoZone store was in [[Enid, Oklahoma]]. That year also, the company introduced WITT-JR, an electronic catalog used to look up parts and keep warranty information. The total number of stores was 459 in 16 states.
 
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Company founder [[Pitt Hyde]] retired as chairman and CEO in 1997.<ref name=fortune/> John Adams became the new chairman and CEO.
 
In 1998,<ref name="AutoZone-Jun-1998-10-Q">{{cite web|url=http://edgar.secdatabase.com/1868/86678798000013/filing-main.htm |title=AutoZone, Form 10-Q, Quarterly Report, Filing Date Jun 23, 1998 |publisher=secdatabase.com |access-date =Jan 18, 2013}}</ref><ref name="AutoZone-Jul-1998-8-K">{{cite web|url=http://edgar.secdatabase.com/1518/101190898000003/filing-main.htm |title=AutoZone, Form 8-K, Current Report, Filing Date Jul 2, 1998 |publisher=secdatabase.com |access-date =Jan 18, 2013}}</ref> AutoZone acquired ADAP Inc., Whowho had stores under the ADAP Discount Auto Parts and Auto Palace nameplates respectively,<ref>{{Cite web|url=http://www.brianzpatton.com/HotWheels/1992/1992%20OM-Auto%20Palace.htm|title=1992 Auto Palace Hauler - Brian Z. Patton}}</ref> both being auto parts chains in the northeastern United States with 112 stores,<ref name=prn1998jan14>{{cite news |url=http://www.thefreelibrary.com/AutoZone+To+Acquire+Auto+Palace-a020163425 |title=AutoZone To Acquire Auto Palace |newspaper=[[PRNewswire]] |date=January 14, 1998}}</ref><ref name=ac1998feb>{{cite news |url=http://www.theautochannel.com/publications/magazines/amb/feb-98/retail.frame |title=AutoZone continues growth with Auto Palace purchase |website=[[The Auto Channel]] |date=February 1998}}</ref> TruckPro L.P., a chain with 43 stores in 14 states, and the 560-store [[Chief Auto Parts]] Inc., a chain with a presence in 5 states.<ref name="lat-1998may12">{{cite news |url=https://articles.latimes.com/1998/may/12/business/fi-48771 |title=AutoZone to Acquire Car Parts Rival Chief |newspaper=[[Los Angeles Times]] |date=May 12, 1998 |first=John |last=O'Dell}}</ref><ref name="lat-1998jul01">{{cite news |url=https://articles.latimes.com/1998/jul/01/business/fi-65162 |title=AutoZone Purchase of Chief Auto Is Complete |newspaper=[[Los Angeles Times]] |date=July 1, 1998|first=John |last=O'Dell}}</ref> At the commencement of fiscal 1999, AutoZone made another acquisition by purchasing 100 Express stores from [[Pep Boys|The Pep Boys—Manny, Moe & Jack]].<ref name="AutoZone-Nov-1998-10-K">{{cite web|url=http://edgar.secdatabase.com/1877/86678798000022/filing-main.htm |title=AutoZone, Form 10-K, Annual Report, Filing Date Nov 25, 1998 |publisher=secdatabase.com |access-date =Jan 18, 2013}}</ref> The company began a process of internationalization with their first store abroad, which opened in [[Nuevo Laredo]], Mexico.<ref name="AutoZone-Nov-1998-ARS">{{cite web|url=http://edgar.secdatabase.com/1874/86678798000019/filing-main.htm |title=AutoZone, Form ARS, Filing Date Nov 2, 1998 |publisher=secdatabase.com |access-date =Jan 18, 2013}}</ref> AutoZone closed the 1990s by debuting at the [[Fortune 500]] list in 1999.
 
===2000s===
[[Steve Odland]] became AutoZone's third CEO in 2001.<ref name="AutoZone-Jan-2001-8-K">{{cite web|url=http://pdf.secdatabase.com/681/0000866787-01-500003.pdf |title=AutoZone, Form 8-K, Current Report, Filing Date Jan 12, 2001 |publisher=secdatabase.com |access-date =Jan 18, 2013}}</ref> Also in 2001, AutoZone sold TruckPro to Paratus Capital Management.<ref>{{cite web|url=http://www.bizjournals.com/memphis/stories/2001/12/17/daily47.html |title=AutoZone sells TruckPro division |date=2001-12-20|access-date=2021-02-03|website=bizjournals.com}}</ref>
 
[[ImageFile:2008-09-11Auto AutoZone in Hillsborough,Zone NCsign.jpgJPG|thumb|right|AutoZone store sign in [[HillsboroughPhoenix, North CarolinaArizona]].]]
In 2002, AutoZone developed a network of "hub, feeder, and satellite" stores to have more product in the market area, while reducing inventory investment. Sales hit $5.33 billion.<ref name="AutoZone-Oct-2002-10-K">{{cite web|url=http://pdf.secdatabase.com/2952/0000950144-02-010940.pdf |title=AutoZone, Form 10-K, Annual Report, Filing Date Oct 31, 2002 |publisher=secdatabase.com |access-date =Jan 18, 2013}}</ref>
 
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In December 2012, AutoZone purchased AutoAnything.com, an e-commerce leader in [[aftermarket automotive parts]] based in [[San Diego, California]].<ref name="AutoZone-Dec-2012-8-K"/><ref name="AutoZone-Dec-2012-10-Q">{{cite web|url=http://pdf.secdatabase.com/2653/0001193125-12-501787.pdf |title=AutoZone, Form 10-Q, Quarterly Report, Filing Date Dec 13, 2012 |publisher=SEC |work=EDGAR |access-date =Jan 18, 2013}}</ref>
 
By April 2017, AutoZone had been the largest retailer of automotive parts in North America for three consecutive years.<ref>{{cite web|last=Adams|first=Bruce|title=AutoZone again claims No. 1 spot in Top 25 Auto Chain Report|url=http://www.searchautoparts.com/aftermarket-business/special-reports/autozone-again-claims-no-1-spot-top-25-auto-chain-report|website=SearchAutoParts.com|access-date=April 13, 2018|date=April 25, 2017}}</ref> As of August 2017, AutoZone had 5,465 locations in the United States, 524 locations in Mexico, and 46 locations in Brazil, for a total of 6,035.<ref name="10-K Aug 2017">{{cite web |url=https://www.sec.gov/Archives/edgar/data/866787/000119312517319357/d447746d10k.htm | title=US SEC: Form 10-K AutoZone, Inc. |publisher=[[United States Securities and Exchange Commission]] |date=October 25, 2017}}</ref>
 
On October 22, 2018, Pitt Hyde announced that he would be stepping down from AutoZone's board of directors.<ref>{{cite web |url=https://www.commercialappeal.com/story/money/2018/10/22/pitt-hyde-step-down-autozone-board/1727030002/ |title=Pitt Hyde to step down from AutoZone board |work=Commercial Appeal |date=October 22, 2018 |access-date=November 12, 2018}}</ref>
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[[File:People in the parking lot of a burned down Auto Zone on Lake Street on Thursday morning in Minneapolis, Minnesota (49945223833).jpg|thumb|Destroyed AutoZone store in [[Minneapolis]], Minnesota]]
In late May 2020, two AutoZone stores were destroyed by [[List of arson damage during the George Floyd protests in Minneapolis–Saint Paul|arson]] during the [[George Floyd protests in Minneapolis–Saint Paul]].<ref name=":1">{{Cite news |last=Penrod |first=Josh |last2=Sinner |first2=C.J. |date=2020-07-13 |title=Buildings damaged in Minneapolis, St. Paul after riots |work=[[Star Tribune]] |url=https://www.startribune.com/a-deeper-look-at-areas-most-damaged-by-rioting-looting-in-minneapolis-st-paul/569930671/ |access-date=2022-05-05}}</ref>
 
In early Jan 2024 Phillip Daniele, was promoted to CEO.
 
==Corporate affairs==
AutoZone is [[Incorporation (business)|incorporated]] in the state of [[Nevada]].<ref name="10-K Aug 20172023"/>
 
===Headquarters===
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==Retail stores==
[[Image:2008-09-11 AutoZone in Hillsborough, NC.jpg|thumb|right|AutoZone store in [[Hillsborough, North Carolina]].]]
AutoZone's 67,978140 retail outlets as of November 19, 2022{{asof|2023|08|26|lc=y|df=US}}<ref name=pr12062022/><ref"10-K name=investaboutAug 2023"/> throughout the United States, Mexico and Brazil stock a variety of aftermarket parts as well as some [[OEM]] parts. All AutoZone stores are corporately owned; the company does not have franchise operations.<ref name=about>[http://www.autozoneinc.com/about_us/our_company/index.html About Us: Our Company, Our Culture] AutoZone Official Site</ref>
 
==Sponsorships==
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==External links==
{{Commons category|AutoZone}}
* [http{{Official|https://www.autozone.com/ AutoZone web site]}}
* [http://www.autozoneinc.com AutoZone corporate site]
{{Finance links
| name = AutoZone, Inc.
| symbol = AZO
| sec_cik = AZO866787
| yahoo = AZO
| google = AZO:NYSE
}}
{{Coord|35.14231|-90.05614|display=inline,title}}
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[[Category:Companies listed on the New York Stock Exchange]]
[[Category:1991 initial public offerings]]
 
[[sah:AutoZone]]

Retrieved from "https://en.wikipedia.org/wiki/AutoZone"
  




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