Autozone's (AZO) CEO Bill Rhodes on Q3 2020 Results - Earnings Call Transcript

May 26, 2020 3:35 PM ETAutoZone, Inc. (AZO) StockAZO2 Comments
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Q3: 2020-05-26 Earnings Summary

EPS of $14.39 beats by $1.23
 | Revenue of $2.78B (-0.13% Y/Y) beats by $136.80M

Autozone, Inc. (NYSE:AZO) Q3 2020 Earnings Conference Call May 26, 2020 10:00 AM ET

Company Participants

Bill Rhodes - Chairman, President and Chief Executive Officer
Bill Giles - Executive Vice President and Chief Financial Officer

Conference Call Participants

Seth Sigman - Credit Suisse
Michael Lasser - UBS
Simeon Gutman - Morgan Stanley
Mike Baker - Nomura
Matthew McClintock - Raymond James
Chris Horvers - JPMorgan
Brian Nagel - Oppenheimer
Bret Jordan - Jefferies

Operator

Good morning and welcome to the AutoZone Conference Call. Your lines have been placed on 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 third quarter earnings release.

Bill Rhodes, the Company’s Chairman, President and CEO, will be making a short presentation on the 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 forward-looking statement.

Unidentified Company Representative

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; war

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