William Rhodes | executive |
Philip Daniele | executive |
Jamere Jackson | executive |
Bret Jordan | analyst |
Michael Lasser | analyst |
Maksim Rakhlenko | analyst |
Christopher Horvers | analyst |
Seth Sigman | analyst |
Zachary Fadem | analyst |
Simeon Gutman | analyst |
Daniel Imbro | analyst |
Seth Basham | analyst |
Good day, everyone, and welcome to AutoZone's 2024 First Quarter Earnings Release Conference Call. [Operator Instructions] Before we begin, the company would like to announce the following forward-looking statement.
Certain statements contained herein constitute forward-looking statements that are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements typically use words such as believe, anticipate, should, intend, plan, will, expect, estimate, project, position, strategy, seek, may, could and similar expressions. These are based on assumptions and assessments made by our management in light of experience and perception of historical trends, current conditions, expected future developments and other factors that we will appropriate. These forward-looking statements are subject to a number of risks and uncertainties, including, without limitation; product demand due to changes in fuel, prices, miles driven or otherwise; energy prices; weather, including extreme temperatures; natural disasters and general weather conditions; competition; credit market conditions; cash flows; access to available and feasible financing on favorable terms; future stock repurchases; the impact of recessionary conditions; consumer debt levels; changes in laws and regulations; risks associated with self-insurance, war in the prospect of war, including terrorist activity; the impact of public health issues; inflation, including wage inflation; the ability to hire, train and retain qualified employees, including members of management and others key personnel; construction delays; failure or interruption of our information services technology systems; issues relating to the confidentiality, integrity or availability of information, including due to cyberattacks, historic growth rate sustainability; downgrade of our credit ratings; damage to our reputation, challenges associated with doing business in and expanding into international markets; origin and raw material costs of suppliers; inventory availability; disruption in our supply chain; impact of tariffs; impact of new accounting standards; our ability to execute our growth initiatives; and other business interruptions.