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Stock impact report

AutoZone opens 53 new stores while navigating inflation and tariff cost increases [FOX Business Network]

AutoZone, Inc. (AZO) 
Last autozone, inc. earnings: 3/3 06:55 am Check Earnings Report
US:NYSE Investor Relations: investors.autozone.com/investor-overview
Auto parts retailer AutoZone is planning to continue to expand its portfolio of brick and mortar locations as the auto industry faces higher prices. AutoZone said that in the quarter that ended on Nov. 22, the company opened 39 new stores in the U.S., along with 12 in Mexico and two in Brazil for a net 53 new stores. As of that date, AutoZone had 6,666 stores in the U.S., plus 895 in Mexico and 149 in Brazil for a total of 7,710 stores globally. "Our domestic and international businesses performed well throughout the quarter as we continue to execute on our growth initiatives," AutoZone CEO Phil Daniele said in the company's earnings announcement. "We were especially pleased to open 53 net new stores globally in the quarter and we plan to aggressively open stores over the remainder of the fiscal year as we continue our focus on gaining market share." "As we invest in growing our business, we will remain committed to our disciplined approach of increasing earnings and cash flo Show less Read more
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