SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_____________
Form 8-K
Current Report Pursuant
to Section 13 or 15(d) of the
Securities Exchange Act of 1934
November 15, 2000
Date of Report
(Date of earliest event reported)
AUTOZONE, INC.
(Exact Name of Registrant as Specified in Its Charter)
|
(State or Other Jurisdiction of Incorporation) |
(Commission File Number) |
(I.R.S. Employer Identification No.) |
123 South Front Street
Memphis, Tennessee 38103
(Address of Principal Executive Offices)(Zip Code)
(901) 495-6500
(Registrant's Telephone Number, Including Area Code)
(Not applicable)
(Former name or former address, if changed since last
report.)
Item 7. Financial Statements and Exhibits
(c) Exhibits
99.1
Statistical Information
Item 9. Regulation FD Disclosure
Attached to this Current Report as Exhibit 99.1 are certain statistical information of the Company through August 26, 2000.
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant
has duly caused this report to be signed on its behalf by the undersigned
hereunto duly authorized.
AUTOZONE, INC.
Date: November 15, 2000
By: /s/ Robert J. Hunt
Robert J. Hunt
Executive Vice President
& Chief Financial Officer
99.1
Statistical Information
| Quarterly Statistics | ||||||
|
First
|
Second
|
Third
|
Fourth
|
Year
|
||
| Sales (in thousands) | ||||||
| 2000 |
$1,006,472
|
$924,164
|
$1,059,415
|
$1,492,645
|
$4,482,696
|
|
| 1999 |
900,949
|
852,538
|
970,236
|
1,392,669
|
4,116,392
|
|
| 1998 |
675,274
|
607,097
|
743,661
|
1,216,890
|
3,242,922
|
|
| 1997 |
569,145
|
538,012
|
637,895
|
946,388
|
2,691,440
|
|
| 1996 |
463,029
|
425,838
|
524,175
|
829,591
|
2,242,633
|
|
| 1995 |
389,763
|
364,061
|
425,483
|
628,824
|
1,808,131
|
|
| 1994 |
322,846
|
303,203
|
358,159
|
523,821
|
1,508,029
|
|
| 1993 |
252,508
|
242,277
|
282,817
|
439,191
|
1,216,793
|
|
| 1992 |
215,814
|
197,053
|
239,751
|
349,709
|
1,002,327
|
|
| 1991 |
165,467
|
153,619
|
185,041
|
313,835
|
817,962
|
|
| 1990 |
143,264
|
133,515
|
155,007
|
239,939
|
671,725
|
|
| Sales Increase Over Prior Year | ||||||
| 2000 |
11.7%
|
8.4%
|
9.2%
|
7.2%
|
8.9%
|
|
| 1999 |
33.4%
|
40.4%
|
30.5%
|
14.4%
|
26.9%
|
|
| 1998 |
18.6%
|
12.8%
|
16.6%
|
28.6%
|
20.5%
|
|
| 1997 |
22.9%
|
26.3%
|
21.7%
|
21.1%
|
22.7%
|
|
| 1996 |
18.8%
|
17.0%
|
23.2%
|
24.3%
|
21.4%
|
|
| 1995 |
20.7%
|
20.1%
|
18.8%
|
20.0%
|
19.9%
|
|
| 1994 |
27.9%
|
25.1%
|
26.6%
|
19.3%
|
23.9%
|
|
| 1993 |
17.0%
|
23.0%
|
18.0%
|
25.6%
|
21.4%
|
|
| 1992 |
30.4%
|
28.3%
|
29.6%
|
11.4%
|
22.5%
|
|
| 1991 |
15.5%
|
15.1%
|
19.4%
|
30.8%
|
21.8%
|
|
| 1990 |
26.2%
|
23.3%
|
22.9%
|
27.6%
|
25.4%
|
|
| Increase
in Comparable Store Sales -
Rolling 13 Periods |
||||||
| 2000 |
7%
|
4%
|
6%
|
3%
|
5%
|
|
| 1999 |
3%
|
9%
|
6%
|
5%
|
5%
|
|
| 1998 |
8%
|
2%
|
2%
|
1%
|
3%
|
|
| 1997 |
7%
|
10%
|
8%
|
10%
|
9%
|
|
| 1996 |
6%
|
4%
|
9%
|
8%
|
7%
|
|
| 1995 |
8%
|
8%
|
6%
|
7%
|
7%
|
|
| 1994 |
15%
|
11%
|
11%
|
5%
|
10%
|
|
| Increase in Comparable Store Sales - Static Basis | ||||||
| 2000 |
7%
|
3%
|
5%
|
2%
|
4%
|
|
| 1999 |
3%
|
8%
|
3%
|
2%
|
4%
|
|
| 1998 |
7%
|
2%
|
2%
|
0%
|
2%
|
|
| 1997 |
7%
|
10%
|
7%
|
8%
|
8%
|
|
| 1996 |
5%
|
3%
|
8%
|
7%
|
6%
|
|
| 1995 |
8%
|
7%
|
5%
|
5%
|
6%
|
|
| 1994 |
14%
|
10%
|
10%
|
3%
|
9%
|
|
| 1993 |
7%
|
12%
|
6%
|
11%
|
9%
|
|
| 1992 |
20%
|
18%
|
19%
|
8%
|
15%
|
|
| 1991 |
9%
|
8%
|
13%
|
16%
|
12%
|
|
| 1990 |
12%
|
11%
|
10%
|
17%
|
13%
|
|
|
First
|
Second
|
Third
|
Fourth
|
Year
|
||
| Net Earnings (in thousands) | ||||||
| 2000 |
$56,044
|
$39,061
|
$67,265
|
$105,220
|
$267,590
|
|
| 1999 |
51,300
|
36,039
|
58,735
|
98,709
|
244,783
|
|
| 1998 |
47,546
|
34,354
|
53,940
|
92,063
|
227,903
|
|
| 1997 |
37,975
|
29,407
|
46,103
|
81,523
|
195,008
|
|
| 1996 |
34,797
|
27,324
|
37,605
|
67,439
|
167,165
|
|
| 1995 |
27,634
|
23,836
|
32,414
|
54,897
|
138,781
|
|
| 1994 |
22,020
|
20,935
|
28,208
|
45,223
|
116,386
|
|
| 1993 |
17,119
|
16,030
|
19,849
|
33,937
|
86,935
|
|
| 1992 |
12,584
|
10,821
|
14,337
|
25,546
|
63,288
|
|
| 1991 |
7,432
|
5,823
|
9,667
|
21,229
|
44,151
|
|
| 1990 |
3,650
|
1,988
|
5,319
|
12,537
|
23,494
|
|
| Net Earnings Percent to Sales | ||||||
| 2000 |
5.6%
|
4.2%
|
6.3%
|
7.0%
|
6.0%
|
|
| 1999 |
5.7%
|
4.2%
|
6.1%
|
7.1%
|
5.9%
|
|
| 1998 |
7.0%
|
5.7%
|
7.3%
|
7.6%
|
7.0%
|
|
| 1997 |
6.7%
|
5.5%
|
7.2%
|
8.6%
|
7.2%
|
|
| 1996 |
7.5%
|
6.4%
|
7.2%
|
8.1%
|
7.5%
|
|
| 1995 |
7.1%
|
6.5%
|
7.6%
|
8.7%
|
7.7%
|
|
| 1994 |
6.8%
|
6.9%
|
7.9%
|
8.6%
|
7.7%
|
|
| 1993 |
6.8%
|
6.6%
|
7.0%
|
7.7%
|
7.1%
|
|
| 1992 |
5.8%
|
5.5%
|
6.0%
|
7.3%
|
6.3%
|
|
| 1991 |
4.5%
|
3.8%
|
5.2%
|
6.8%
|
5.4%
|
|
| 1990 |
2.5%
|
1.5%
|
3.4%
|
5.2%
|
3.5%
|
|
| Earnings per Share | ||||||
| 2000 |
$0.40
|
$0.28
|
$0.50
|
$0.84
|
$2.00
|
|
| 1999 |
0.34
|
0.24
|
0.39
|
0.67
|
1.63
|
|
| 1998 |
0.31
|
0.22
|
0.35
|
0.60
|
1.48
|
|
| 1997 |
0.25
|
0.19
|
0.30
|
0.53
|
1.28
|
|
| 1996 |
0.23
|
0.18
|
0.25
|
0.44
|
1.11
|
|
| 1995 |
0.19
|
0.16
|
0.22
|
0.37
|
0.93
|
|
| 1994 |
0.15
|
0.14
|
0.19
|
0.30
|
0.78
|
|
| 1993 |
0.12
|
0.11
|
0.13
|
0.23
|
0.59
|
|
| 1992 |
0.09
|
0.07
|
0.10
|
0.17
|
0.43
|
|
| 1991 |
0.06
|
0.05
|
0.07
|
0.15
|
0.33
|
|
| 1990 |
0.03
|
0.02
|
0.04
|
0.10
|
0.19
|
|
| Gross Margin | ||||||
| 2000 |
41.9%
|
42.0%
|
42.5%
|
41.6%
|
41.9%
|
|
| 1999 |
41.8%
|
41.5%
|
42.1%
|
42.5%
|
42.1%
|
|
| 1998 |
41.5%
|
41.8%
|
41.8%
|
41.7%
|
41.7%
|
|
| 1997 |
42.2%
|
42.2%
|
42.2%
|
41.8%
|
42.1%
|
|
| 1996 |
41.7%
|
41.3%
|
41.1%
|
42.2%
|
41.7%
|
|
| 1995 |
40.7%
|
40.9%
|
41.6%
|
42.3%
|
41.5%
|
|
| 1994 |
40.6%
|
40.9%
|
40.9%
|
42.0%
|
41.2%
|
|
| 1993 |
40.2%
|
39.6%
|
39.3%
|
40.1%
|
39.8%
|
|
| 1992 |
39.1%
|
39.5%
|
39.3%
|
40.9%
|
39.8%
|
|
| 1991 |
39.5%
|
38.4%
|
39.7%
|
41.1%
|
39.9%
|
|
| 1990 |
35.7%
|
34.4%
|
38.7%
|
40.8%
|
37.9%
|
|
- EPS Adjusted for a two-for-one stock split paid January 31, 1992 and a two-for-one stock split paid April 20, 1994.
- 4th Quarter of 1991 & 1996 are 17-week
quarters compared to 16 weeks in all other years. Sales increases have
been adjusted to exclude the extra week.
|
First
|
Second
|
Third
|
Fourth
|
Year
|
||
| Operating Expenses Percent to Sales | ||||||
| 2000 |
31.4%
|
33.4%
|
30.5%
|
28.2%
|
30.5%
|
|
| 1999 |
31.8%
|
33.6%
|
31.4%
|
30.2%
|
31.5%
|
|
| 1998 |
29.9%
|
32.2%
|
29.7%
|
29.0%
|
29.9%
|
|
| 1997 |
31.3%
|
33.0%
|
30.1%
|
27.7%
|
30.1%
|
|
| 1996 |
29.8%
|
31.1%
|
29.6%
|
29.0%
|
29.7%
|
|
| 1995 |
29.1%
|
30.2%
|
29.1%
|
28.0%
|
28.9%
|
|
| 1994 |
29.5%
|
29.6%
|
27.9%
|
27.9%
|
28.6%
|
|
| 1993 |
29.2%
|
29.2%
|
28.0%
|
27.4%
|
28.3%
|
|
| 1992 |
29.6%
|
30.4%
|
29.4%
|
29.0%
|
29.5%
|
|
| 1991 |
30.8%
|
30.8%
|
30.1%
|
29.7%
|
30.2%
|
|
| 1990 |
29.7%
|
30.0%
|
31.3%
|
31.0%
|
30.6%
|
|
| Operating Profit Percent to Sales | ||||||
| 2000 |
10.5%
|
8.7%
|
12.0%
|
13.4%
|
11.4%
|
|
| 1999 |
10.0%
|
7.9%
|
10.8%
|
12.3%
|
10.5%
|
|
| 1998 |
11.6%
|
9.6%
|
12.2%
|
12.7%
|
11.8%
|
|
| 1997 |
10.9%
|
9.1%
|
12.0%
|
14.1%
|
11.9%
|
|
| 1996 |
12.0%
|
10.2%
|
11.5%
|
13.2%
|
12.0%
|
|
| 1995 |
11.7%
|
10.8%
|
12.5%
|
14.3%
|
12.6%
|
|
| 1994 |
11.1%
|
11.3%
|
13.0%
|
14.2%
|
12.6%
|
|
| 1993 |
11.0%
|
10.4%
|
11.3%
|
12.7%
|
11.5%
|
|
| 1992 |
9.5%
|
9.1%
|
9.8%
|
11.9%
|
10.3%
|
|
| 1991 |
8.7%
|
7.6%
|
9.6%
|
11.3%
|
9.7%
|
|
| 1990 |
6.0%
|
4.4%
|
7.3%
|
9.8%
|
7.3%
|
|
| Net Auto Parts Stores Opened /Acquired | ||||||
| 2000 (2) |
85
|
41
|
17
|
61
|
204
|
|
| 1999 (1) |
(34)
|
77
|
(5)
|
16
|
54
|
|
| 1998 |
44
|
52
|
177
|
656
|
929
|
|
| 1997 |
54
|
39
|
62
|
150
|
305
|
|
| 1996 |
50
|
58
|
47
|
125
|
280
|
|
| 1995 |
38
|
49
|
39
|
84
|
210
|
|
| 1994 |
31
|
34
|
22
|
63
|
150
|
|
| 1993 |
13
|
8
|
24
|
60
|
105
|
|
| 1992 |
8
|
12
|
7
|
53
|
80
|
|
| 1991 |
7
|
8
|
14
|
31
|
60
|
|
| 1990 |
4
|
12
|
13
|
5
|
34
|
|
| Total Domestic Auto Parts Stores | ||||||
| 2000 |
2,796
|
2,837
|
2,854
|
2,915
|
2,915
|
|
| 1999 (1) |
2,623
|
2,700
|
2,695
|
2,711
|
2,711
|
|
| 1998 |
1,772
|
1,824
|
2,001
|
2,657
|
2,657
|
|
| 1997 |
1,477
|
1,516
|
1,578
|
1,728
|
1,728
|
|
| 1996 |
1,193
|
1,251
|
1,298
|
1,423
|
1,423
|
|
| 1995 |
971
|
1,020
|
1,059
|
1,143
|
1,143
|
|
| 1994 |
814
|
848
|
870
|
933
|
933
|
|
| 1993 |
691
|
699
|
723
|
783
|
783
|
|
| 1992 |
606
|
618
|
625
|
678
|
678
|
|
| 1991 |
545
|
553
|
567
|
598
|
598
|
|
| 1990 |
508
|
520
|
533
|
538
|
538
|
|
(1) FY1999 opened 245 new stores and closed 191 stores(including 177 Chiefs).
(2) FY2000 closed four stores, including two
former Chief stores.
|
First
|
Second
|
Third
|
Fourth
|
Year
|
||
| Total Domestic Auto Parts Store Square Footage (in thousands) | ||||||
| 2000 |
17,935
|
18,169
|
18,269
|
18,719
|
18,719
|
|
| 1999 |
16,520
|
17,087
|
17,255
|
17,405
|
17,405
|
|
| 1998 |
11,926
|
12,293
|
13,457
|
16,499
|
16,499
|
|
| 1997 |
9,813
|
10,090
|
10,525
|
11,611
|
11,611
|
|
| 1996 |
7,835
|
8,253
|
8,583
|
9,437
|
9,437
|
|
| 1995 |
6,217
|
6,557
|
6,832
|
7,480
|
7,480
|
|
| 1994 |
5,084
|
5,323
|
5,472
|
5,949
|
5,949
|
|
| 1993 |
4,146
|
4,204
|
4,376
|
4,839
|
4,839
|
|
| 1992 |
3,523
|
3,608
|
3,668
|
4,043
|
4,043
|
|
| 1991 |
3,087
|
3,128
|
3,244
|
3,458
|
3,458
|
|
| 1990 |
2,782
|
2,873
|
2,985
|
3,031
|
3,031
|
|
| Average Domestic Auto Parts Store Square Footage | ||||||
| 2000 |
6,415
|
6,404
|
6,401
|
6,422
|
6,422
|
|
| 1999 |
6,298
|
6,329
|
6,403
|
6,420
|
6,420
|
|
| 1998 |
6,730
|
6,739
|
6,725
|
6,210
|
6,210
|
|
| 1997 |
6,644
|
6,656
|
6,670
|
6,719
|
6,719
|
|
| 1996 |
6,567
|
6,597
|
6,612
|
6,632
|
6,632
|
|
| 1995 |
6,403
|
6,428
|
6,451
|
6,547
|
6,547
|
|
| 1994 |
6,246
|
6,277
|
6,290
|
6,376
|
6,376
|
|
| 1993 |
6,000
|
6,014
|
6,053
|
6,180
|
6,180
|
|
| 1992 |
5,814
|
5,838
|
5,869
|
5,963
|
5,963
|
|
| 1991 |
5,664
|
5,656
|
5,721
|
5,783
|
5,783
|
|
| 1990 |
5,477
|
5,525
|
5,600
|
5,634
|
5,634
|
|
| Sales per Average Auto Parts Store (in thousands) | ||||||
| 2000 |
$349
|
$312
|
$354
|
$493
|
$1,517
|
|
| 1999 |
326
|
306
|
343
|
493
|
1,465
|
|
| 1998 |
383
|
338
|
385
|
491
|
1,568
|
|
| 1997 |
389
|
355
|
408
|
567
|
1,691
|
|
| 1996 |
396
|
348
|
411
|
568
|
1,702
|
|
| 1995 |
409
|
366
|
409
|
571
|
1,742
|
|
| 1994 |
404
|
365
|
417
|
581
|
1,758
|
|
| 1993 |
369
|
349
|
398
|
583
|
1,666
|
|
| 1992 |
358
|
322
|
386
|
537
|
1,570
|
|
| 1991 |
306
|
280
|
330
|
507
|
1,408
|
|
| 1990 |
283
|
260
|
294
|
448
|
1,289
|
|
| Sales per Average Square Foot | ||||||
| 2000 |
$54
|
$49
|
$55
|
$77
|
$236
|
|
| 1999 |
52
|
48
|
54
|
77
|
232
|
|
| 1998 |
57
|
50
|
57
|
77
|
238
|
|
| 1997 |
59
|
53
|
61
|
85
|
253
|
|
| 1996 |
60
|
53
|
62
|
86
|
258
|
|
| 1995 |
64
|
57
|
64
|
88
|
269
|
|
| 1994 |
65
|
58
|
66
|
92
|
280
|
|
| 1993 |
62
|
58
|
66
|
95
|
274
|
|
| 1992 |
62
|
55
|
66
|
91
|
267
|
|
| 1991 |
54
|
49
|
58
|
88
|
246
|
|
| 1990 |
52
|
47
|
53
|
80
|
232
|
|
|
First
|
Second
|
Third
|
Fourth
|
Year
|
||
| Commercial Store Count | ||||||
| 2000 |
1,386
|
1,389
|
1,380
|
1,486
|
1,486
|
|
| 1999 |
1,370
|
1,349
|
1,354
|
1,377
|
1,377
|
|
| 1998 |
1,282
|
1,275
|
1,323
|
1,385
|
1,385
|
|
| 1997 |
1,436
|
1,275
|
1,256
|
1,265
|
1,265
|
|
| 1996 |
67
|
280
|
519
|
1,183
|
1,183
|
|
| 1995 |
0
|
0
|
0
|
3
|
3
|
|
| Total International Auto Parts Store Count | ||||||
| 2000 |
8
|
11
|
13
|
13
|
13
|
|
| 1999 |
4
|
6
|
6
|
|||
| Heavy Duty Truck Parts Store Count | ||||||
| 2000 |
46
|
47
|
48
|
49
|
49
|
|
| 1999 |
43
|
43
|
43
|
46
|
46
|
|
| 1998 |
43
|
43
|
||||
Historical Trend - Store Growth
AutoZone Stores by State
|
|
||||||||||||||
|
|
Total
|
|||||||||||||
|
1988
|
1989
|
1990
|
1991
|
1992
|
1993
|
1994
|
1995
|
1996
|
1997
|
1998
|
1999
|
|
2000
|
|
| Alabama |
35
|
37
|
38
|
38
|
40
|
41
|
49
|
60
|
74
|
77
|
79
|
82
|
1
|
83
|
| Arizona |
39
|
41
|
41
|
42
|
42
|
43
|
46
|
47
|
52
|
64
|
70
|
74
|
1
|
75
|
| Arkansas |
19
|
22
|
22
|
24
|
25
|
25
|
29
|
33
|
37
|
39
|
46
|
46
|
1
|
47
|
| California |
8
|
436
|
374
|
15
|
389
|
|||||||||
| Colorado |
11
|
17
|
18
|
20
|
21
|
24
|
32
|
37
|
38
|
1
|
39
|
|||
| Connecticut |
20
|
20
|
1
|
21
|
||||||||||
| Delaware |
3
|
4
|
2
|
6
|
||||||||||
| District of Columbia |
1
|
6
|
6
|
|||||||||||
| Florida |
18
|
23
|
26
|
29
|
29
|
29
|
34
|
35
|
61
|
82
|
116
|
132
|
11
|
143
|
| Georgia |
16
|
17
|
17
|
17
|
28
|
38
|
58
|
72
|
87
|
96
|
100
|
100
|
1
|
101
|
| Illinois |
9
|
9
|
10
|
11
|
19
|
27
|
32
|
36
|
43
|
56
|
81
|
103
|
24
|
127
|
| Indiana |
3
|
9
|
20
|
34
|
41
|
54
|
66
|
85
|
93
|
96
|
5
|
101
|
||
| Iowa |
10
|
13
|
22
|
7
|
29
|
|||||||||
| Kansas |
1
|
7
|
31
|
43
|
41
|
2
|
43
|
|||||||
| Kentucky |
5
|
12
|
14
|
17
|
19
|
20
|
29
|
31
|
42
|
48
|
53
|
55
|
1
|
56
|
| Louisiana |
38
|
41
|
43
|
45
|
49
|
51
|
58
|
62
|
68
|
70
|
73
|
78
|
5
|
83
|
| Maine |
3
|
3
|
||||||||||||
| Maryland |
1
|
9
|
14
|
7
|
21
|
|||||||||
| Massachusetts |
52
|
52
|
1
|
53
|
||||||||||
| Michigan |
8
|
9
|
9
|
9
|
27
|
63
|
83
|
21
|
104
|
|||||
| Mississippi |
25
|
26
|
26
|
28
|
30
|
33
|
35
|
45
|
58
|
61
|
62
|
66
|
1
|
67
|
| Missouri |
22
|
23
|
24
|
24
|
25
|
26
|
30
|
40
|
56
|
72
|
80
|
80
|
2
|
82
|
| Nebraska |
8
|
8
|
||||||||||||
| Nevada |
1
|
34
|
26
|
2
|
28
|
|||||||||
| New Hampshire |
10
|
10
|
1
|
11
|
||||||||||
| New Jersey |
9
|
9
|
||||||||||||
| New Mexico |
8
|
13
|
14
|
15
|
16
|
18
|
19
|
20
|
22
|
23
|
24
|
24
|
5
|
29
|
| New York |
11
|
42
|
69
|
16
|
85
|
|||||||||
| North Carolina |
28
|
31
|
36
|
37
|
38
|
46
|
51
|
59
|
79
|
87
|
92
|
94
|
3
|
97
|
| Ohio |
4
|
6
|
22
|
37
|
54
|
95
|
138
|
166
|
174
|
179
|
2
|
181
|
||
| Oklahoma |
4
|
15
|
16
|
19
|
25
|
33
|
36
|
47
|
56
|
60
|
62
|
62
|
1
|
63
|
| Oregon |
2
|
2
|
||||||||||||
| Pennsylvania |
10
|
28
|
41
|
60
|
10
|
70
|
||||||||
| Rhode Island |
12
|
13
|
13
|
|||||||||||
| South Carolina |
19
|
19
|
19
|
20
|
21
|
21
|
24
|
35
|
41
|
49
|
50
|
51
|
51
|
|
| Tennessee |
60
|
60
|
62
|
67
|
69
|
72
|
79
|
87
|
102
|
106
|
110
|
109
|
2
|
111
|
| Texas |
95
|
115
|
122
|
130
|
134
|
152
|
173
|
211
|
239
|
264
|
382
|
335
|
13
|
348
|
| Utah |
1
|
9
|
9
|
9
|
11
|
15
|
15
|
19
|
20
|
20
|
1
|
21
|
||
| Vermont |
1
|
1
|
1
|
|||||||||||
| Virginia |
1
|
10
|
18
|
23
|
34
|
41
|
49
|
4
|
53
|
|||||
| West Virginia |
4
|
8
|
12
|
13
|
14
|
14
|
1
|
15
|
||||||
| Wisconsin |
1
|
1
|
1
|
1
|
1
|
5
|
15
|
17
|
18
|
35
|
||||
| Wyoming |
1
|
1
|
1
|
3
|
3
|
3
|
2
|
5
|
||||||
|
------
|
------
|
------
|
------
|
------
|
------
|
------
|
--------
|
--------
|
--------
|
--------
|
--------
|
------
|
--------
|
|
| Total |
440
|
504
|
538
|
598
|
678
|
783
|
933
|
1,143
|
1,423
|
1,728
|
2,657
|
2,711
|
204
|
2,915
|
Store Development
Stores Opened, Replaced, and Closed
|
2000
|
1999
|
1998
|
1997
|
1996
|
||
| Beginning Stores |
2711
|
2657
|
1728
|
1423
|
1143
|
|
| New Stores |
208
|
167
|
275
|
308
|
280
|
|
| Stores Acquired, net of closings |
78
|
654
|
||||
| Closed Stores |
(4)
|
(191)
|
(3)
|
0
|
||
| Ending Stores |
2915
|
2711
|
2657
|
1728
|
1423
|
|
| Replaced Stores* |
30
|
59
|
12
|
17
|
31
|
|
*Replaced Stores are either relocations or conversions of existing smaller stores to larger formats. 1999 includes 18 stores replaced by acquired Pep Express locations.
Average Cost to Build a Store
|
|
|
|||||
| Land |
$377,100
|
$284,300
|
||||
| Building |
594,800
|
585,700
|
||||
| Equipment, etc. |
125,600
|
127,400
|
||||
| Total Cost |
$1,097,500
|
$997,400
|
||||
Stores Owned vs. Leased
|
|
|
|||||
|
|
|
|
|
|||
| Leased stores |
|
|
|
|
||
| Owned stores |
|
|
|
|
||
|
|
|
|
|