AutoZone offers workers emergency time off, taps new credit facility during coronavirus pandemic [MarketWatch]
AutoZone, Inc. (AZO)
Last autozone, inc. earnings: 3/3 06:55 am
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Source: MarketWatch
AutoZone Inc. said Tuesday it is offering workers an emergency time off benefit of 80 hours for full-timers to help them deal with the impact of the coronavirus pandemic. Part-time workers will be eligible for up to 40 hours of emergency time off. The car parts retailer has been deemed an essential service by the federal government and has been able to keep its stores operating across the U.S. But the company has shortened its opening hours to allow for enhanced cleaning and has introduced a curbside pickup service for customers. To improve liquidity, AutoZone has closed on a new 364-day senior unsecured revolving credit facility of $750 million. The new facility comes on top of a recently completed sale of $500 million in 3.625% notes that mature in 2025 and $750 million of 4.000% notes due 2030. The company has temporarily suspended share buybacks. It has about $1.9 billion in available capacity under a $2 billion, multi-year credit facility. Shares were up 2.9% premarket, but have
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News
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- AutoZone, Inc. (NYSE: AZO) was upgraded by analysts at Roth Capital to a "strong-buy" rating.MarketBeat
- AutoZone, Inc. (NYSE: AZO) had its "buy" rating re-affirmed by analysts at Roth Mkm. They now have a $3,634.00 price target on the stock.MarketBeat
AZO
Earnings
- 9/24/24 - Miss
AZO
Sec Filings
- 10/31/24 - Form PX14A6G
- 10/30/24 - Form ARS
- 10/30/24 - Form DEFA14A
- AZO's page on the SEC website