AutoZone Investor Relations Material

AutoZone, established in 1979 and headquartered in Memphis, Tennessee, has grown into a household name in the automotive aftermarket and is a leading distributor of automotive replacement parts and accessories in the United States. With over 6,000 stores spread across the U.S., Puerto Rico, Mexico, and Brazil, AutoZone caters to both the do-it-yourself (DIY) sector and the commercial (Do-It-For-Me) market. For someone facing car trouble or looking to do maintenance on their vehicle, AutoZone offers a variety of products and services to help with whatever issues a customer might have.

AutoZone's history began when Malone & Hyde, a wholesale grocery company, decided to venture into the automotive market. The first store was established in Forrest City, Arkansas, under the name "Auto Shack." The business model proved successful, and the company quickly expanded its footprint. By the 1980s, the name had been changed to AutoZone, and the company had stores far outside of Arkansas state linesThe journey from a single store to the sprawling chain it is today parallels the growth trajectory of many other American enterprises, with some examples being Dollar General and Walmart.

AutoZone's primary offerings include automotive replacement parts—everything from body parts to engine components. The stores also offer a myriad of accessories, such as interior and exterior enhancements, car care products, and tools specifically designed for automotive repair. One of their distinguishing features is the "Loan-A-Tool" program, where customers can borrow a specific tool for a job, depositing a certain amount that is refunded upon return. For professional mechanics and garages, AutoZone's commercial program delivers parts directly to local repair garages, ensuring mechanics can get their hands on needed components as quickly as possible.

As the automotive industry changes, with electric vehicles becoming more prevalent and technology becoming an integral part of vehicles, AutoZone is positioning itself to adapt to these shifts. They've gradually introduced parts and accessories relevant to hybrid and electric vehicles, ensuring they remain a resource for all car owners, regardless of the type of vehicle they drive.

Its website isn't both an online store and an automotive resource. Alongside their product listings, they offer repair help, including video tutorials, vehicle-specific repair guides, and a platform for customers to ask automotive-related questions.AutoZone also launched an app that makes vehicle maintenance and repair more accessible for users. The app allows users to shop for parts, access repair guides, manage their AutoZone Rewards account, and even locate their vehicle in a parking lot.