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Form 8-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
 

FORM 8-K
 
 
 

Current Report Pursuant
to Section 13 or 15(d) of the
Securities Exchange Act of 1934
 
 

April 20, 2003
Date of Report
(Date of earliest event reported)
 
 

AUTOZONE, INC.
(Exact name of registrant as specified in its charter)

Nevada
1-10714
62-1482048
(State or other jurisdiction of
incorporation or organization)
(Commission File Number)
(I.R.S. Employer
Identification No.)

 

123 South Front Street
Memphis, Tennessee 38103
(Address of principal executive offices) (Zip Code)

(901) 495-6500
Registrant's telephone number, including area code

(not applicable)
Former name, former address and former fiscal year, if changed since last report.

Item 7.      Financial Statements and Exhibits

(c)    Exhibits
        99.1 Press Release dated April 20, 2003.
Item 9. Regulation FD Disclosure
        On April 20, 2003, the company made the announcements contained in the press release filed as Exhibit 99.1 to this Current Report.

SIGNATURES

        Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
 


AUTOZONE, INC.

                                                                                By:     /s/  Harry L. Goldsmith

                                                                                Harry L. Goldsmith
                                                                                Senior Vice President, Secretary and
                                                                                General Counsel-Customer Satisfaction

 

Dated:    April 21, 2003


 


EXHIBIT INDEX

99.1         Press Release dated April 20, 2003
 

April 20, 2003 Press Release
 


P.O. Box 2198 · Memphis, TN · 38101-2198 · (901) 495-6500 · Fax: (901) 495-8300
 
 

News:

For immediate release

AUTOZONE AUTHORIZES 10b5-1 PLAN

 
 
Memphis, Tenn. (April 20, 2003) --AutoZone, Inc. (NYSE: AZO) today announced that its Board of Directors has approved a 10b5-1 plan to continue to repurchase its shares. The plan under Rule 10b5-1 of the Securities Exchange Act of 1934 allows the Company to repurchase shares under its current share repurchase authorization at times when it would ordinarily not be in the market because of blackout periods required by the Securities laws.

Comparable store sales for the first 8 weeks of the third fiscal quarter (ending May 10, 2003) are up 3%, with AZ Commercial same store sales up 31% and retail same store sales flat.  Earnings per share for the quarter currently are expected to range from $1.24 to $1.31 per share.

On May 27, 2003, AutoZone will announce results for the third quarter ended May 10, 2003.  AutoZone will host a one-hour conference call on May 28, 2003, beginning at 9 a.m. (CDT).

As of February 15, 2003, AutoZone sells auto and light truck parts, chemicals and accessories through 3,122 AutoZone stores in 44 states plus the District of Columbia in the U.S. and 41 AutoZone stores in Mexico and also sells the ALLDATA brand automotive diagnostic and repair software.  On the web, AutoZone sells diagnostic and repair information through www.alldatadiy.com, and auto and light truck parts through www.autozone.com.

Certain statements contained in this press release are forward-looking statements.  These statements discuss, among other things, estimates of financial results, business strategies and future performance. These forward-looking statements are subject to risks, uncertainties and assumptions, including, without limitation, accuracy of estimates, competition, product demand, the economy, inflation, gasoline prices, consumer debt levels, war and the prospect of war, including terrorist activity, weather, and availability of commercial transportation.  Actual results may materially differ from anticipated results. Please refer to the Risk Factors section of AutoZone's Form 10-K for the fiscal year ended August 31, 2002, for more information related to those risks.  AutoZone undertakes no obligation to publicly release any revisions to any forward-looking statements contained in this press release to reflect events or circumstances occurring after the date of this release or to reflect the occurrence of unanticipated events.

Contact Information:

Media:  Ray Pohlman at (901) 495-7962, ray.pohlman@autozone.com

Financial: Brian Campbell at (901) 495-7005, brian.campbell@autozone.com