AutoZone, Inc. (AZO) said Wednesday that its Board of Directors has authorized the repurchase of an additional $750 million of the company's common stock in connection with its ongoing share repurchase program.
Since the inception of the repurchase program in 1998, and including the latest one, AutoZone's Board of Directors has authorized $11.9 billion.
"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, Chief Financial Officer, Information Technology and Store Development.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.