AutoZone 1999 Annual Report Download - page 2

Download and view the complete annual report

Please find page 2 of the 1999 AutoZone annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 36

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36

Company Description
AutoZone is the undisputed industry leader in
parts and information.
We sell auto parts, accessories, chemicals and
motor oil to do-it-yourself customers and
professional technicians through 2,711 AutoZone
stores in 39 of our United States and 6 tiendas
en Mexico.
We also sell heavy-duty truck parts through 46
TruckPro stores in 14 states.
Through ALLDATA, we provide electronic
diagnostic and repair information. We offer the
professional technician a complete software
package, and the DIYer can purchase vehicle-specific
information on CD-ROM. The wired world can now
access this information on a subscription basis
at alldatadiy.com.
Financial Highlights
1999 1998 % Change
Sales $4,116,392,000 $3,242,922,000 +27%
Operating Profit $433,095,000 $382,307,000 +13%
Net Income $244,783,000 $227,903,000 +7%
Earnings Per Share $1.63 $1.48 +10%
StockholdersÕ Equity $1,323,801,000 $1,302,057,000 +2%
Number of Auto Parts Stores 2,717 2,657 +2%
In these last 20 years, a lot has changed about us. We
left the nest of our parent company, changed our name,
went public and this year cracked the Fortune 500.
Through it all, our culture Ð the force that underlies our
strength Ð has remained solid.
Because of this unwavering culture, we sometimes
speak a language all our own. To help you decode this
report, we offer a small glossary of terms. ItÕs by no means
a complete primer on AutoZone culture, but it will get you
through the next eight pages.
Happy birthday to us! Amid the acquisition of the
Express locations from Pep Boys, the Chief conversions
and our push into Mexico, we also celebrated our 20th
birthday during FY99.