BuybackJun 16, 2026, 05:00 PM
AutoZone Board Authorizes Additional $1.5B Share Buyback
AI Summary
AutoZone, Inc. announced that its Board of Directors authorized an additional $1.5 billion for its ongoing share repurchase program. This new authorization brings the total amount approved for share repurchases to $42.2 billion since the program began in 1998. CFO Jamere Jackson highlighted the company's disciplined capital allocation, which supports growth investments, share buybacks, and maintaining investment-grade credit ratings. As of May 26, 2026, AutoZone operated a total of 7,856 stores across the U.S., Mexico, and Brazil.
Key Highlights
- AutoZone's Board authorized an additional $1.5 billion for its share repurchase program.
- Total authorized share repurchases since the program's inception in 1998 now stand at $42.2 billion.
- The company operates 6,766 stores in the U.S.
- AutoZone has 933 stores in Mexico.
- The company has 157 stores in Brazil.
- Total store count as of May 26, 2026, is 7,856.
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