AutoZone’s board of directors authorized an additional $1.5 billion in share repurchases today, bringing the total authorized buyback program to $40.7 billion since the program’s inception in 1998.
The new authorization is part of AutoZone’s ongoing share repurchase program, which has been a key component of its shareholder return strategy. Chief Financial Officer Jamere Jackson said the program reflects strong free cash flow and disciplined capital allocation while maintaining the company’s investment‑grade credit ratings.
The move signals management’s confidence in the company’s long‑term prospects and its ability to generate cash, providing additional upside for shareholders and reinforcing AutoZone’s commitment to returning capital.
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