AutoZone 4th Quarter Total Company Same Store Sales Increase 1.5%; Domestic Same Store Sales Increase 1.6%; 4th Quarter EPS of $56.05; Annual Sales of $20.3 Billion

AutoZone delivered higher sales, earnings and margins in Q4 2026, while continuing heavy share repurchases and aggressive global store expansion.

Rhea-AI Summary

AutoZone (AZO) reported fourth quarter 2026 net sales of $6.6 billion, up 5.6% year over year, with diluted EPS of $56.05.

Total company same store sales rose 2.7% (1.5% in constant currency), including domestic growth of 1.6% and international growth of 10.7%. Gross margin expanded to 53.3%, up 182 basis points, aided by tariff refunds (145 bps) and a 105 bps net non-cash LIFO benefit, partly offset by higher commercial mix. Operating expenses rose to 33.4% of sales from 32.4%, and operating profit increased 10.1% to $1.3 billion. Net income was $931.6 million versus $837.0 million.

For fiscal 2026, net sales were $20.3 billion, up 7.4%, with EPS up 5.3% to $152.55. The company repurchased $2.0 billion of stock in the year, ending with $1.6 billion remaining under authorization, and expanded its footprint to 8,031 stores.

Positive

• Q4 net sales rose 5.6% year over year to $6.59 billion
• Q4 diluted EPS increased to $56.05 from $48.71
• Q4 operating profit grew 10.1% to $1.32 billion
• Fiscal 2026 net sales increased 7.4% to $20.34 billion
• Fiscal 2026 diluted EPS increased 5.3% to $152.55
• International same store sales grew 10.7% in Q4
• Q4 gross margin expanded 182 bps to 53.3%
• Share repurchases of 579 thousand shares for $2.0 billion in fiscal 2026
• Store base expanded to 8,031 locations, with 374 new stores in fiscal 2026
• Operating cash flow was $3.30 billion for fiscal 2026, up from $3.16 billion
• Adjusted debt to EBITDAR remained at 2.5x in fiscal 2026

Negative

• Fiscal 2026 gross margin declined to 52.3% from 52.6%
• Q4 operating expenses rose to 33.4% of sales from 32.4%
• Fiscal 2026 operating expenses increased to 34.0% of sales from 33.6%
• Inventory increased 10.1% year over year to $7.74 billion
• Net inventory per store became less negative at -$107 thousand vs -$131 thousand
• Adjusted ROIC decreased to 35.8% from 41.3%
• Total debt increased to $9.08 billion from $8.80 billion
• Capital spending rose to $1.50 billion in fiscal 2026 from $1.37 billion

News Explained

The release adds a year-end balance-sheet snapshot: as of August 29, 2026, AutoZone reported $326,115 thousand of cash and equivalents, $9,078,320 thousand of total debt, and a $(2,502,470) thousand stockholders’ deficit.

Market Context

The May 26 comparable earnings release recorded a -8.99% 24-hour reaction despite reported Q3 sales ...

Analysis

The May 26 comparable earnings release recorded a -8.99% 24-hour reaction despite reported Q3 sales and EPS growth, providing recent earnings-response context for this report.

Key Figures

Q4 Net Sales: $6.6 billion, +5.6% Total Company Same Store Sales: 1.5% constant currency Gross Margin: 53.3%, +182 basis points +5 more

Q4 Net Sales

$6.6 billion, +5.6%

Fourth quarter fiscal 2026

Total Company Same Store Sales

1.5% constant currency

Fourth quarter, 16 weeks

Gross Margin

53.3%, +182 basis points

Fourth quarter versus prior year

Operating Profit

$1.3 billion, +10.1%

Fourth quarter fiscal 2026

Diluted EPS

$56.05 versus $48.71

Fourth quarter fiscal 2026 versus prior year

Annual Net Sales

$20.3 billion, +7.4%

Fiscal year ended August 29, 2026

Annual Share Repurchases

$2.0 billion

Fiscal 2026

Remaining Repurchase Authorization

$1.6 billion

At fiscal year end

Previous Earnings Reports

3 past events · Latest: May 26

Same Type 3 events

1. May 26

   3Q earnings

   24h Move

   -9.0%

   Reported sales and EPS growth alongside a gross-margin decline and stock repurchases

2. Mar 03

   2Q earnings

   24h Move

   -6.3%

   Reported sales and EPS growth despite gross-margin pressure and continued share repurchases

3. Dec 09

   1Q earnings

   24h Move

   -7.2%

   Reported sales growth but lower operating profit and EPS alongside inventory expansion

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

gaap, non-gaap, lifo, ebitdar, +1 more

5 terms

gaap financial

"This release includes certain financial information not derived in accordance with generally accepted accounting principles"

GAAP, or Generally Accepted Accounting Principles, are a set of standardized rules and guidelines that companies follow when preparing their financial statements. They ensure consistency, transparency, and comparability across different companies, making it easier for investors to understand and compare financial information accurately. This helps investors make informed decisions based on trustworthy and uniform financial reports.

View in glossary

non-gaap financial

"These non-GAAP measures include adjustments to reflect return on invested capital"

Non-GAAP refers to financial measures that companies use to show their earnings or performance without including certain expenses or income that are often added back to give a different picture. It matters because it can make a company's results look better or more favorable, but it may also hide important costs, so investors need to look at both GAAP (official rules) and non-GAAP numbers to get a full understanding.

View in glossary

lifo financial

"a 105 basis point net non-cash LIFO impact"

An accounting method that assumes the most recently acquired inventory items are sold first, so the newest costs flow into cost of goods sold while older costs stay on the balance sheet. Imagine a stack of boxes where you take from the top; when prices are rising, that top-first approach produces higher reported costs and lower reported profits, which can reduce taxes and change profit margins. Investors watch LIFO because it affects reported earnings, tax liabilities, and how comparable a company’s performance is to peers.

ebitdar financial

"adjusted debt to earnings before interest, taxes, depreciation, amortization, rent and share-based expense"

EBITDAR stands for Earnings Before Interest, Taxes, Depreciation, Amortization, and Rent; it measures a company's operating profit before the cost of financing, taxes, accounting write-downs, and lease or rent payments. For investors, it reveals how much cash a business generates from its core activities without the effects of capital structure or rent commitments — similar to checking how much money a store makes from selling goods before paying for the building, loan interest, or taxes.

roic financial

"Adjusted Return on Invested Capital (ROIC)"

Return on invested capital (ROIC) measures how well a company turns the money it uses to run and grow the business into profit, expressed as a percentage. Think of it like how much fruit a tree yields for each seed and watering dollar invested: higher ROIC means management is extracting more value from each dollar put into the company. Investors use it to compare how efficiently different companies deploy capital and whether returns justify the risk of holding the stock.

View in glossary

AI-generated analysis. How Rhea-AI works. Not financial advice.

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MEMPHIS, Tenn., Sept. 22, 2026 (GLOBE NEWSWIRE) -- AutoZone, Inc. (NYSE: AZO) today reported net sales of $6.6 billion for its fourth quarter (16 weeks) ended August 29, 2026, an increase of 5.6% from the fourth quarter of fiscal 2025 (16 weeks). Same store sales, or sales for our domestic and international stores open at least one year, are as follows:

					Constant Currency							Constant Currency
	16 Weeks				16 Weeks*			52 Weeks				52 Weeks*
Domestic	1.6	%			1.6	%		3.3	%			3.3		%
International	10.7	%			1.3	%		13.5	%			2.2		%
Total Company	2.7	%			1.5	%		4.5	%			3.2		%
* Excludes impacts from fluctuations of foreign exchange rates.

For the quarter, gross profit, as a percentage of sales, was 53.3%, an increase of 182 basis points versus the prior year. The increase in gross margin was driven by a 145 basis point impact from tariff refunds and a 105 basis point net non-cash LIFO impact, partially offset by higher commercial mix. Operating expenses, as a percentage of sales, were 33.4% versus last year at 32.4% with deleverage primarily driven by growth initiatives.

Operating profit increased 10.1% to $1.3 billion. Net income for the quarter was $931.6 million compared to $837.0 million in the same period last year, while diluted earnings per share were $56.05 compared to last year at $48.71.

For the fiscal year ended August 29, 2026, net sales were $20.3 billion, an increase of 7.4% from the prior year. Gross profit, as a percentage of sales, was 52.3% versus last year at 52.6%. The decrease in gross margin was impacted by a 61 basis point net non-cash LIFO impact, partially offset by a 48 basis point benefit from tariff refunds. Operating expenses, as a percentage of sales, were 34.0% versus last year at 33.6%. Operating profit increased 3.1% to $3.7 billion, net income increased 3.0% to $2.6 billion and diluted earnings per share increased 5.3% to $152.55 from $144.87.

Under its share repurchase program, AutoZone repurchased 223 thousand shares of its common stock at an average price per share of $3,125, for a total investment of $697.5 million. For the fiscal year, the Company repurchased 579 thousand shares of its common stock, at an average price of $3,496, for a total investment of $2.0 billion. At year end, the Company had $1.6 billion remaining under its current share repurchase authorization.

The Company’s inventory increased 10.1% over the same period last year, driven primarily by growth initiatives. Net inventory, defined as merchandise inventories less accounts payable, on a per store basis, was negative $107 thousand versus negative $131 thousand last year and negative $107 thousand last quarter.

“I want to thank our entire organization for delivering another quarter of sales and earnings growth. In spite of a difficult selling environment the first eight weeks of our quarter, we remained committed to executing on our strategies to grow both our domestic and international businesses. Over the last eight weeks of the quarter our sales results strengthened, and we feel we are well positioned for sales growth in fiscal 2027.  We opened 175 new stores this past quarter, which included 16 new Mega Hub stores in the U.S. We continue to improve our inventory offering for both the do-it-yourself and professional customers. We continue to improve our speed of delivery and are intently focused on exceptional customer service. Based on the data we have, we continued to gain share and we expect sales in each of the three countries in which we operate to accelerate in the new fiscal year.  As always, we will remain committed to a disciplined approach of driving shareholder value,” said Phil Daniele, President and Chief Executive Officer.

During the quarter ended August 29, 2026, AutoZone opened 97 new stores in the U.S., 68 in Mexico and 10 in Brazil for a total of 175 new stores. For the fiscal year, the Company opened 374 new stores. As of August 29, 2026, the Company had 6,863 stores in the U.S., 1,001 in Mexico and 167 in Brazil for a total store count of 8,031.

AutoZone is a leading retailer and distributor of automotive replacement parts and accessories in the Americas. Each store carries an extensive product line for cars, sport utility vehicles, vans and light duty trucks, including new and remanufactured automotive hard parts, maintenance items, accessories, and non-automotive products. The majority of stores have a commercial sales program that provides prompt delivery of parts and other products and commercial credit to local, regional and national repair garages, dealers, service stations, fleet owners and other accounts. AutoZone also sells automotive hard parts, maintenance items, accessories and non-automotive products through www.autozone.com, and our commercial customers can make purchases through www.autozonepro.com. Additionally, we sell the ALLDATA brand of automotive diagnostic, repair, collision and shop management software through www.alldata.com. We also provide product information on our Duralast branded products through www.duralastparts.com. AutoZone does not derive revenue from automotive repair or installation services.

AutoZone will host a conference call this morning, Tuesday, September 22, 2026, beginning at 10:00 a.m. (ET) to discuss its fourth quarter results. This call is being webcast and can be accessed, along with supporting slides, at AutoZone’s website at www.autozone.com by clicking on Investor Relations. Investors may also listen to the call by dialing (888) 506-0062, passcode AUTOZONE. In addition, a telephone replay will be available by dialing (877) 481-4010, replay passcode 54424 through October 20, 2026.

This release includes certain financial information not derived in accordance with generally accepted accounting principles (“GAAP”). These non-GAAP measures include adjustments to reflect return on invested capital, adjusted debt and adjusted debt to earnings before interest, taxes, depreciation, amortization, rent and share-based expense (“EBITDAR”). The Company believes that the presentation of these non-GAAP measures provides information that is useful to investors as it indicates more clearly the Company’s comparative year-to-year operating results, but this information should not be considered a substitute for any measures derived in accordance with GAAP. Management targets the Company’s capital structure in order to maintain its investment grade credit ratings. The Company believes this is important information for the management of its debt levels and share repurchases. We have included a reconciliation of this additional information to the most comparable GAAP measures in the accompanying reconciliation tables.

Certain statements herein constitute forward-looking statements that are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements typically use words such as “believe,” “anticipate,” “should,” “intend,” “plan,” “will,” “expect,” “estimate,” “project,” “positioned,” “strategy,” “seek,” “may,” “could” and similar expressions. These statements are based on assumptions and assessments made by our management in light of experience, historical trends, current conditions, expected future developments and other factors that we believe appropriate. These forward-looking statements are subject to a number of risks and uncertainties, including without limitation: product demand, due to changes in fuel prices, miles driven or otherwise; energy prices; weather, including extreme temperatures and natural disasters; competition; credit market conditions; cash flows; access to financing on favorable terms; future stock repurchases; the impact of recessionary conditions; consumer debt levels; changes in laws or regulations; risks associated with self-insurance; war and the prospect of war, including terrorist activity; public health issues; inflation, including wage inflation; exchange rates; the ability to hire, train and retain qualified employees, including members of management; construction delays; failure or interruption of our information technology systems; issues relating to the confidentiality, integrity or availability of information, including due to cyber-attacks; historic sales and profit growth rate sustainability; downgrade of our credit ratings; damage to our reputation; challenges associated with doing business in and expanding into international markets; origin and raw material costs of suppliers; inventory availability; disruption in our supply chain; tariffs, trade policies and other geopolitical factors; new accounting standards; our ability to execute our growth initiatives; and other business interruptions. These and other risks and uncertainties are discussed in more detail in the “Risk Factors” section contained in Item 1A under Part 1 of our Annual Report on Form 10-K for the year ended August 30, 2025. Forward-looking statements are not guarantees of future performance and actual results may differ materially from those contemplated by such forward-looking statements. Events described above and in the “Risk Factors” section could materially and adversely affect our business. However, it is not possible to identify or predict all such risks and other factors that could affect these forward-looking statements. Forward-looking statements speak only as of the date made. Except as required by applicable law, we undertake no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise.

Contact Information:
Financial: Brian Campbell at (901) 495-7005, brian.campbell@autozone.com
Media: Jennifer Hughes at (901) 495-6022, jennifer.hughes@autozone.com

AutoZone's 4th Quarter Highlights - Fiscal 2026
Condensed Consolidated Statements of Operations
4th Quarter, FY2026
(in thousands, except per share data)
	GAAP Results
	16 Weeks Ended				16 Weeks Ended
	August 29, 2026				August 30, 2025
Net sales	$	6,594,879			$	6,242,726
Cost of sales		3,077,151				3,026,233
Gross profit		3,517,728				3,216,493
Operating, SG&A expenses		2,200,811				2,020,428
Operating profit (EBIT)		1,316,917				1,196,065
Interest expense, net		148,684				148,087
Income before taxes		1,168,233				1,047,978
Income tax expense		236,646				211,027
Net income	$	931,587			$	836,951
Net income per share:
Basic	$	57.17			$	50.02
Diluted	$	56.05			$	48.71
Weighted average shares outstanding:
Basic		16,294				16,731
Diluted		16,620				17,181
Fiscal Year 2026
(in thousands, except per share data)
	GAAP Results
	52 Weeks Ended				52 Weeks Ended
	August 29, 2026				August 30, 2025
Net sales	$	20,338,555			$	18,938,717
Cost of sales		9,693,581				8,972,243
Gross profit		10,644,974				9,966,474
Operating, SG&A expenses		6,921,660				6,356,318
Operating profit (EBIT)		3,723,314				3,610,156
Interest expense, net		472,614				475,824
Income before taxes		3,250,700				3,134,332
Income tax expense		677,923				636,085
Net income	$	2,572,777			$	2,498,247
Net income per share:
Basic	$	156.11			$	148.80
Diluted	$	152.55			$	144.87
Weighted average shares outstanding:
Basic		16,481				16,789
Diluted		16,865				17,245
Selected Balance Sheet Information
(in thousands)
	August 29, 2026				August 30, 2025
Cash and cash equivalents	$	326,115			$	271,803
Merchandise inventories		7,735,560				7,025,688
Current assets		9,106,134				8,341,379
Property and equipment, net		8,056,120				7,062,509
Operating lease right-of-use assets		3,470,379				3,194,666
Total assets		21,630,510				19,355,324
Accounts payable		8,596,585				8,025,590
Current liabilities		10,106,530				9,519,397
Operating lease liabilities, less current portion		3,369,119				3,093,936
Total Debt		9,078,320				8,799,775
Stockholders' deficit		(2,502,470	)			(3,414,313	)
Working capital		(1,000,396	)			(1,178,018	)

AutoZone's 4th Quarter Highlights - Fiscal 2026
Condensed Consolidated Statements of Operations
Adjusted Debt / EBITDAR
(in thousands, except adjusted debt to EBITDAR ratio)
	52 Weeks Ended
	August 29, 2026				August 30, 2025
Net income	$	2,572,777			$	2,498,247
Add: Interest expense		472,614				475,824
Income tax expense		677,923				636,085
EBIT		3,723,314				3,610,156
Add: Depreciation and amortization		684,265				613,199
Rent expense(1)		500,020				463,031
Share-based expense		136,804				124,717
EBITDAR	$	5,044,403			$	4,811,103
Debt	$	9,078,320			$	8,799,775
Financing lease liabilities		417,328				399,940
Add: Rent x 6(1)		3,000,120				2,778,186
Adjusted debt	$	12,495,768			$	11,977,901
Adjusted debt to EBITDAR		2.5				2.5
Adjusted Return on Invested Capital (ROIC)
(in thousands, except ROIC)
	52 Weeks Ended
	August 29, 2026				August 30, 2025
Net income	$	2,572,777			$	2,498,247
Adjustments:
Interest expense		472,614				475,824
Rent expense(1)		500,020				463,031
Tax effect(2)		(203,281	)			(190,588	)
Adjusted after-tax return	$	3,342,130			$	3,246,514
Average debt(3)	$	8,884,947			$	8,948,381
Average stockholders' deficit(3)		(2,967,742	)			(4,253,805	)
Add: Rent x 6(1)		3,000,120				2,778,186
Average financing lease liabilities(3)		415,701				396,323
Invested capital	$	9,333,026			$	7,869,085
Adjusted After-Tax ROIC		35.8	%			41.3	%
(1)The table below outlines the calculation of rent expense and reconciles rent expense to total lease cost, per ASC 842, the most directly comparable GAAP financial measure, for the 52 weeks ended August 29, 2026, and August 30, 2025.
	52 Weeks Ended
(in thousands)	August 29, 2026				August 30, 2025
Total lease cost, per ASC 842	$	673,134			$	626,625
Less: Financing lease interest and amortization		(125,127	)			(119,801	)
Less: Variable operating lease components, related to insurance and common area maintenance		(47,987	)			(43,793	)
Rent expense	$	500,020			$	463,031
(2)Effective tax rate for fiscal 2026 and 2025 was 20.9% and 20.3%, respectively.
(3)All averages are computed based on trailing five quarter balances.
Other Selected Financial Information
(in thousands)
	August 29, 2026				August 30, 2025
Cumulative share repurchases ($ since fiscal 1998)	$	40,543,302			$	38,517,689
Remaining share repurchase authorization ($)		1,606,698				632,311
Cumulative share repurchases (shares since fiscal 1998)		156,208				155,629
Shares outstanding, end of quarter		16,173				16,665
	16 Weeks Ended				16 Weeks Ended				52 Weeks Ended			52 Weeks Ended
	August 29, 2026				August 30, 2025				August 29, 2026			August 30, 2025
Depreciation and amortization	$	220,139			$	197,412			$	684,265		$	613,199
Cash flow from operations		1,183,259				990,819				3,302,846			3,155,401
Capital spending		498,769				479,698				1,496,255			1,365,321

AutoZone's 4th Quarter Highlights - Fiscal 2026
Condensed Consolidated Statements of Operations
Selected Operating Highlights
Store Count & Square Footage
	16 Weeks Ended				16 Weeks Ended				52 Weeks Ended				52 Weeks Ended
	August 29, 2026				August 30, 2025				August 29, 2026				August 30, 2025
Domestic:
Beginning stores		6,766				6,537				6,627				6,432
Stores opened		97				91				236				196
Stores closed		-				(1	)			-				(1	)
Ending domestic stores		6,863				6,627				6,863				6,627
Relocated stores		2				4				10				9
Stores with commercial programs		6,443				6,098				6,443				6,098
Square footage (in thousands)		45,934				44,138				45,934				44,138
Mexico:
Beginning stores		933				838				883				794
Stores opened		68				45				118				89
Ending Mexico stores		1,001				883				1,001				883
Brazil:
Beginning stores		157				141				147				127
Stores opened		10				6				20				20
Ending Brazil stores		167				147				167				147
Total		8,031				7,657				8,031				7,657
Total Company stores opened, net		175				141				374				304
Square footage (in thousands)		54,661				51,818				54,661				51,818
Square footage per store		6,806				6,767				6,806				6,767
Sales Statistics
($ in thousands, except sales per average square foot)
	16 Weeks Ended				16 Weeks Ended				52 Weeks Ended				52 Weeks Ended
Total AutoZone Stores (Domestic, Mexico and Brazil)	August 29, 2026				August 30, 2025				August 29, 2026				August 30, 2025
Sales per average store	$	830			$	823			$	2,593			$	2,523
Sales per average square foot	$	122			$	122			$	382			$	374
Domestic Commercial
Total domestic commercial sales	$	1,912,981			$	1,761,960			$	5,762,414			$	5,212,294
% Increase vs. LY		8.6	%			6.0	%			10.6	%			6.7	%
Average sales per program per week	$	18.7			$	18.2			$	17.7			$	16.7
% Increase vs. LY		2.7	%			9.0	%			6.0	%			5.0	%
	16 Weeks Ended				16 Weeks Ended				52 Weeks Ended				52 Weeks Ended
Same store sales (1)	August 29, 2026				August 30, 2025				August 29, 2026				August 30, 2025
Domestic		1.6	%			4.8	%			3.3	%			3.2	%
International		10.7	%			2.1	%			13.5	%			(3.2	%)
Total Company		2.7	%			4.5	%			4.5	%			2.4	%
International - Constant Currency		1.3	%			7.2	%			2.2	%			9.3	%
Total Company - Constant Currency		1.5	%			5.1	%			3.2	%			3.9	%
(1) Same store sales are based on sales for all stores open at least one year. Constant Currency same store sales exclude the impact of fluctuations of foreign currency exchange rates by converting both the current year and prior year international results at the prior year foreign currency exchange rate.
Inventory Statistics (Total Stores)
	as of				as of
	August 29, 2026				August 30, 2025
Accounts payable/inventory		111.1	%			114.2	%
($ in thousands)
Inventory	$	7,735,560			$	7,025,688
Inventory per store		963				918
Net inventory (net of payables)		(861,025	)			(999,902	)
Net inventory/per store		(107	)			(131	)
	Trailing 5 Quarters
	August 29, 2026				August 30, 2025
Inventory turns		1.3	x			1.4	x

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How did AutoZone's same store sales perform in Q4 2026 across regions?

For the 16-week fourth quarter, domestic same store sales increased 1.6%. International same store sales rose 10.7%, and total company same store sales grew 2.7%, or 1.5% in constant currency.

What were AutoZone's key full-year 2026 profitability metrics?

For fiscal 2026, operating profit was $3.72 billion, up 3.1%. Net income was $2.57 billion, up 3.0%, and diluted EPS increased to $152.55 from $144.87. Gross margin was 52.3%, and operating expenses were 34.0% of sales.

How much stock did AutoZone repurchase in Q4 and over fiscal 2026?

In Q4 2026, AutoZone repurchased 223 thousand shares at an average price of $3,125, for $697.5 million. For fiscal 2026, it repurchased 579 thousand shares at an average price of $3,496, totaling $2.0 billion. The company ended the year with $1.6 billion remaining under its share repurchase authorization.

How did AutoZone's store footprint change in fiscal 2026?

During Q4, AutoZone opened 175 new stores: 97 in the U.S., 68 in Mexico and 10 in Brazil. For fiscal 2026, it opened 374 new stores. As of August 29, 2026, the company operated 8,031 stores, including 6,863 in the U.S., 1,001 in Mexico and 167 in Brazil.

What non-GAAP metrics does AutoZone highlight and why?

AutoZone presents non-GAAP measures such as adjusted debt, EBITDAR, adjusted debt to EBITDAR, and adjusted return on invested capital. The company said these metrics help investors better understand year-to-year operating results and how management targets the capital structure to maintain investment grade credit ratings. Reconciliations to GAAP figures are provided in the accompanying tables.

What are key balance sheet changes as of August 29, 2026?

As of August 29, 2026, cash and cash equivalents were $326.1 million. Merchandise inventories were $7.74 billion, and total assets were $21.63 billion. Total debt was $9.08 billion. Stockholders' deficit improved to $(2.50) billion from $(3.41) billion a year earlier.

How can investors access the Q4 2026 AutoZone earnings conference call and replay?

The Q4 2026 conference call is scheduled for Tuesday, September 22, 2026, at 10:00 a.m. ET. It can be accessed via webcast on the Investor Relations section of www.autozone.com, or by phone at (888) 506-0062, passcode AUTOZONE. A replay is available through October 20, 2026, by dialing (877) 481-4010, replay passcode 54424.