Trends Report

Stimulus Check Distribution Correlated With Increased Retail Sales: AutoZone Reveals The Challenges And Benefits Of Responding To COVID-19 In Its Q1 2020 Earnings Call

June 10th, 2020

Summary

Retail quarterly earnings calls for Q1 2020 (January through March) run from April through June. In this series, we share the highlights of earnings calls from major brands to help digital business professionals understand the initial impact of COVID-19 on retail and brand businesses, particularly in the US. AutoZone’s fiscal Q3 2020 earnings call detailed the company’s performance amid the coronavirus pandemic, including a 50% increase in retail sales within two days once US consumers started to receive their federal stimulus checks. The company also highlighted its role as an essential business and how it helped its employees as well as category demand changes.

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