|
AutoZone Fourth Quarter Earnings Call |
| |
Author: Albena Toncheva
123jump.com
Last Update: 9:24 AM EDT September 20 2007
The leading auto parts retailer of the US recorded 3.3% year over year increase in sales to $2 billion, despite 0.2% decline in the same store sales. During the quarter, AutoZone witnessed improvement in gross margin due to ongoing category management efforts as well as supply chain efficiencies. The company transitioned away from its formal supply chain agreement with Midas Corp and it is working diligently to continue to earn the Hot Shot business from the Midas franchisees. |
|
| |
|
|
