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AutoZone Authorizes Additional Stock Repurchase


MEMPHIS, Tenn.—AutoZone‘s board of directors has authorized the repurchase of an additional $500 million of the company’s common stock in connection with its ongoing share repurchase program.
Since the inception of the repurchase program in 1998, AutoZone’s Board of Directors has authorized $10.4 billion in stock repurchases. “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 Store Development.

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