AutoZone reports inventory up 13.9% y/y

The company’s inventory increased 13.9% over the same period last year, driven by inflation and its growth initiatives. During the quarter ended February 11, 2023, AutoZone opened 30 new stores in the U.S., one in Mexico and five in Brazil. As of February 11, 2023, the Company had 6,226 stores in the U.S., 707 in Mexico and 81 in Brazil for a total store count of 7,014.