Connect with us

Distribution

AutoZone Authorizes Additional Stock Repurchase

Since the inception of the repurchase program in 1998, AutoZone’s board of directors has authorized $14.9 billion in stock repurchases.

Advertisement

MEMPHIS, Tenn. – AutoZone‘s board of directors has authorized the repurchase of an additional $750 million of the company’s common stock in connection with its ongoing share repurchase program.
 
"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, CFO, Information Technology and ALLDATA. "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."
 
Since the inception of the repurchase program in 1998, and including the above amount, AutoZone’s board of directors has authorized $14.9 billion in stock repurchases.
 

Click Here to Read More
Advertisement

Advertisement

POPULAR POSTS

Sponsored Content

SRX Series a Natural Fit for FRAM®

Connect
aftermarketNews