Sunday, September 28, 2025

AutoZone’s customer and shareholder obsession made it a Wall Street darling—and thousands of its employees millionaires. It is one of the top stocks of the last three decades.

In the last 20 years, its shares have returned an average of 21% annually, trouncing the S&P 500’s 11% average return (including dividends reinvested) over the same period.

Since 1987, revenue has increased every year (growing 11.5% annually), while operating income ($3.3 billion last year) and net income ($2.6 billion last year) have increased in all but three years.
 
the retailer has made many of its rank-and-file wealthy beyond their wildest dreams. More than 4,000 Auto­Zone employees—including many like Daniele who began as hourly employees or store managers in the 1980s and ’90s—have become millionaires from their AutoZone stock


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