AZO - Looking to Build Wealth? Buy This Proven Growth Stock
2023-05-28 05:40:00 ET
Buying stocks with consistent track records of enriching shareholders is a smart strategy for growing richer over time.
Having beaten the S&P 500 index in seven out of the past 10 years, AutoZone (NYSE: AZO) has been a tremendous stock for growth investors in recent years. And this admirable performance looks poised to continue in the future.
With a presence of 7,000-plus stores in three of the largest economies in the Americas (i.e., the U.S., Mexico, and Brazil), AutoZone is an established player in its industry. To understand how the company can succeed moving forward, it's important to know how it has achieved such significant success since its first store opened in Forrest City, Arkansas, in 1979.
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Looking to Build Wealth? Buy This Proven Growth Stock