Overview Key strengths Key risks Leading aftermarket auto parts retailer generating nearly $17 billion in sales for the trailing-12- months ended Feb. 11, 2023. Stiff competition from other national auto parts retailers in the do-it-yourself (DIY) and do-it-for-me (DIFM) segments. Bargaining power over suppliers enabled by its large scale. Margin pressure from DIFM segment growth. Track record of strong free operating cash flow generation. Long-term risk of accelerating electric vehicle adoption. Strategic pricing and a customer-centric approach have underpinned AutoZone?s sustained DIFM segment expansion. The DIFM segment, contributed about 30% of total revenue for the second-quarter-ended Feb. 11, 2023, up from 20% a few years ago. The company has expanded its commercial program to nearly 90% of its domestic stores,
