AutoZone Reports Profit Amid Industry's Woes (2Q net rose 8.6%)

Wall Street Journal ^ | 3/3/2009

[SonOfDarkSkies]

AutoZone Inc.'s fiscal second-quarter net income rose 8.6%, handily beating Wall Street's expectations, as sales were lifted by a wave of cost-conscious customers repairing cars.

[NonValueAdded]

DIY car repair and squeezing every mile out of the old clunker will do that for a parts store.

[Dallas59]

No one can buy a new car so the old car is getting face lift.

[Nervous Tick]

>> No one can buy a new car so the old car is getting face lift.

Ha! The “face” on my old truck is way beyond lifting!

She’s to the point where she needs organ transplants.

(and I get some of ‘em at Auto Zone!)

[Skid Marx]

DIY car repair and squeezing every mile out of the old clunker will do that for a parts store.

Hey, I spent the weekend fixing rotted brake lines outside in the driveway. 40 inches of line, some fittings, and a pint of fluid ran about nine bucks. Even though it was fifteen degrees out there, how could I refuse such inexpensive success?

[Dallas59]

If it runs and gets you to point A from B...It’s beautiful!

[Dixiekraut]

I wish I had your skills..and tools...right about now.

I live in a nice townhouse community about seven miles from the Pentagon...condo regs kind of frown on people working on their cars in the community parking lot....

[HighlyOpinionated]

Doesn’t surprise me. My auto repair shop owner said business is booming. My problem is that with my 1995 Escort, all the parts aren’t available “new” and we’re having to scrounge around for good used parts. It’s a gamble, but one I’m willing to take for 34-39 miles per gallon and no new-car payment.

[IYAS9YAS]

I worked for Autozone as a part-timer from '93-'94, while I was stationed at Davis-Monthan in Tucson. The folks I worked with were great, and management really came across as a good bunch of folks.

Of course, it helped that our store was setting sales records from the get-go.

Most everyone I worked with was a car nut, not someone just collecting a paycheck.

I pick them yet today, even though some other parts stores are closer.

[CommerceComet]

If it runs and gets you to point A from B...It’s beautiful!

And paid for. Very important. Paid for.

[SonOfDarkSkies]

I have a 91 BMW (which I dearly love) and I have to scrounge or do without. And some repairs are just too darn expensive to justify and, for that reason, I only drive it around town.

[expat_panama]

IBD had AZO at 52 in their top 100 last Friday.

[cripplecreek]

Not so surprising.

[GonzoGOP]

Yep I'll be going there to pick some bondo for the rust on the car door as soon as it warms up a bit. Usually when rust started on a 8 year old car it was time to trade it in. But the old Honda's engine is running, gets 24 mpg and I'm not buying anything new until i figure out which companies come out the other end of this mess and which ones don't. Oh and its a made in Ohio Honda if anyone cares.

[Skid Marx]

I wish I had your skills..and tools...right about now.

No skills, minimal tools. Just the need to not spend a couple of hundred I didn't have. A clear contrast between private and community property in terms of freedom, though. The freedom to do the work without being fined is all you really need.

[Condor51]

AutoZone Reports Profit Amid Industry's Woes (2Q net rose 8.6%)

H-e-l-l-o! Anyone home?
Of course Auto Parts stores and Repair Shops will prosper now.

If you can't afford, or get a loan, to buy a new car - YOU FIX YOUR 'OLD' ONE, ya dummy's!

• So its got dings and scratches, so what. Instead of running to the 'New Car Dealer' you don't look at them.
  
• And that muffler that has a little crack and your exhaust is making a bit more noise - whoopee, you fix it yourself with some 'Muffler Cement' or go to Midas (or wherever). You don't run to the 'New Car Dealer'.
  
• Or its getting up there in mileage, so what. If it ain't broke, don't fix it. Or run to the 'New Car Dealer'.
  
• And that 'Tune-Up' at the dealer (or 'Shop') for $400.00 - fugetaboutit. A 'Tune-Up' is now, Plugs, maybe Wires, and new Filters. If you can physically get to the plugs without a hydraulic lift, you do it yourself.
  
• The same for those burnt out bulbs. Don't go to the dealer at $100.00 an hour. BUY the bulbs, maybe a Torx screwdriver and DO IT YOURSELF.

The only set back to the above is that the average 20 and 30 somethings of today doesn't know an Open End Wrench from Long Nose Pliers as mommy wouldn't let them get their hands dirty growing up. BUT -- they can score 12,000 on Guitar Hero. /s

[Turbo Pig]

AutoZone Reports Profit Amid Industry's Woes (2Q net rose 8.6%)

Obama to drones..."Quick, they must be taxed, lest they succeed!"

[Dallas59]

My 02 is. No sense in buying another.

[kenmcg]

Shades of Cuba!!! Thanks to the Marxist/socialist takeover of our once great country; twenty years from now we’ll still be riding around in the same cars....with help from Auto Zone.