jbs

AutoZone: Sooner Or Later, Sales Growth Matters

Thus far, more emphasis has been placed on cutting costs than on sales growth and this has yielded greater returns than if that emphasis was placed on growing sales.

"Financial engineering" has negative connotations and it shouldn't. AZO is a MUCH better company now that it has cut costs. It is worth more today than it was a year ago and the market has reflected that. True, the next step is sales growth, but one thing at a time...