MEMPHIS, Tenn., May 15 /PRNewswire/ -- AutoZone, Inc. (NYSE: AZO) today
reported sales for the quarter ended May 6, 2000, of $1.06 billion, an
increase of 9% over sales of $970 million in the prior year third quarter.
Same store sales, or sales for domestic auto parts stores open at least
one year, increased 6% for the quarter.
The company expects to report third quarter net income of approximately
$67 million, or $.50 per share. Prior year net income was $58.7 million, or
$.39 per share.
During the quarter, AutoZone opened 17 new and replaced 3 auto parts
stores in the U.S. and opened 2 stores in Mexico. Fiscal year-to-date,
AutoZone has opened 145 new auto parts stores in the U.S. and 7 in Mexico,
replaced 19 stores, and closed 2 former Chief stores. In addition, AutoZone
opened 1 new and 1 replacement TruckPro store during the quarter, for
year-to-date totals of 2 new stores and 4 replacements.
AutoZone sells auto and light truck parts, chemicals and accessories
through 2,854 AutoZone stores in 41 states plus the District of Columbia in
the U.S. and 13 AutoZone stores in Mexico. AutoZone also sells heavy-duty
truck parts through 48 TruckPro stores in 15 states, and automotive diagnostic
and repair software through ALLDATA and diagnostic and repair information
through http://www.alldatadiy.com .
The information in this press release regarding expected net income and
earnings per share is forward-looking and preliminary in nature. This
information reflects the company's current beliefs and estimates. The
preliminary expectations may be adjusted if estimates differ from actual
results.
SOURCE AutoZone, Inc.
CONTACT: Media, Eric Epperson, 901-495-7307, or Investor Relations,
Emma Jo Kauffman, 901-495-7005, both of AutoZone/