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AutoZone Talks Execution Stumbles, Rising Expenses, and the Online Sales Challenge [The Motley Fool]

ADVANCE AUTO PARTS (AAP)  More Company Research Source: The Motley Fool
Last advance auto parts earnings: 8/14 06:30 am Check Earnings Report
PDF Highlights from the auto parts retailer's latest conference call with investors. AutoZone  ( NYSE:AZO ) is taking positive -- but tiny -- steps toward the improved operating results that its management has targeted. That was the key takeaway from fiscal fourth-quarter results this week, which showed faster sales and improved profitability that nevertheless translated into flat or declining market share for the auto parts giant. In a conference call with Wall Street analysts , CEO Bill Rhodes and his team discussed the key factors behind that competitive stumble while seeking to assure investors that these issues shouldn't impact results going forward. Below are a few highlights from that presentation.   Image source: Getty Images. Execution challenges Our execution, while terrific in many areas, didn't meet our standard ... and negatively impacted our business. -- Rhodes AutoZone's sales growth rate sped up to 2.2% at existing locations from 0.6% in the [Read more]

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