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AutoZone, Inc. (AZO) CEO Bill Rhodes on Q2 2020 Results - Earnings Call Transcript

Mar. 03, 2020 4:31 PM ETAutoZone, Inc. (AZO)
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AutoZone, Inc. (NYSE:AZO) Q2 2020 Results Conference Call March 3, 2020 10:00 AM ET

Company Participants

Bill Rhodes - Chairman, President and CEO

Bill Giles - EVP and CFO

Brian Campbell - VP, Treasurer, IR and Tax

Conference Call Participants

Atul Maheswari - UBS

Simeon Gutman - Morgan Stanley

Seth Sigman - Credit Suisse

Bret Jordan - Jefferies

Seth Basham - Wedbush Securities

Michael Montani - Evercore ISI

Zach Fadem - Wells Fargo


Good morning and welcome to the AutoZone Conference Call. Your lines have been placed in listen-only until the question-and-answer session of the conference. Please be advised, today’s call is being recorded. If you have any objections, please disconnect at this time.

This conference call will discuss AutoZone’s second quarter earnings release. Bill Rhodes, the Company’s Chairman, President and CEO, will be making a short presentation and highlights of the quarter. The conference call will end promptly at 10:00 a.m. Central Time, 11:00 a.m. Eastern Time.

Before Mr. Rhodes begins, the Company has requested that you listen to the following statement regarding your forward-looking statements.

Certain statements contained in this presentation constitute forward-looking statements that are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements typically use words such as believe, anticipate, should, intend, plan, will, expect, estimate, project, position, strategy, seek, may, could and similar expressions. These are based on assumptions and assessments made by our management in light of experience and perception of historical trends, current conditions, expected future developments and other factors that we believe to be appropriate. These forward-looking statements are subject to a number of risks and uncertainties, including, without limitation, product demand; energy prices; weather; competition; credit market conditions; cash flows; access to available and feasible financing; future stock repurchases; the impact of recessionary conditions; consumer debt levels; changes in laws or regulations or in the prospect of war, including terrorist activity; inflation; the ability to hire, train and retain qualified employees; construction delays; the compromising of confidentiality; availability or integrity

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