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AutoZone: Exemplary Capital Allocation - [Business Breakdowns, EP. 36]

Business Breakdowns

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The Evolution of Private Label Success and Margin Expansion

This chapter explores the significant operating margin growth achieved by the business over the past two decades through strategic investments in private label brands like Duralast. It examines the transition from acquisition-driven growth to capital returns and discusses the impact of vertical integration in distribution on consumer perception and market share.

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