A surge in sales to business customers, coupled with declining pandemic-related costs, fueled AutoZone’s latest quarterly results. The auto parts retailer said the firm’s DIY business was strong during the quarter, but that its commercial business sales growth was “exceptional.” And in banking, self-service technologies have become even more popular, while in authentication, artificial intelligence (AI) can power smooth onboarding. All this, Today in Data.
Data:
$31B: AutoZone’s approximate market cap as of May 25.
41%: Share of North American consumers who are more likely to open a bank account digitally.
16%: Share of financial institutions that use AI to provide tailored services.
6.6K: AutoZone’s approximate store count as of May 8.
$3.7B: AutoZone’s net sales for its third quarter.
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