AutoZone (NYSE: AZO) posts Q3 2026 sales growth, higher EPS and strong buybacks

Rhea-AI Filing Summary

AutoZone, Inc. reported solid growth for its third fiscal quarter ended May 9, 2026. Net sales rose 8.4% to $4.84 billion, driven by a 5.5% increase in total company same store sales, including 4.1% domestic growth and 16.6% international growth (1.6% in constant currency).

Gross margin was 52.2%, down slightly, mainly from a non-cash LIFO impact, while operating expenses leveraged modestly to 33.1% of sales. Operating profit increased 6.6% to $923.8 million, and net income rose to $641.5 million, with diluted EPS improving to $38.07 from $35.36.

The company repurchased 164 thousand shares for $586.3 million at an average price of $3,582 and had $0.8 billion remaining under its authorization. AutoZone continued its expansion, opening 82 new stores in the quarter and reaching a total of 7,856 stores across the U.S., Mexico and Brazil.

Insights

Equity research analyst

AutoZone delivered steady sales and EPS growth with ongoing buybacks.

AutoZone posted third-quarter net sales of $4.84 billion, up 8.4% year over year, with total company same store sales up 5.5%. Domestic same store sales grew 4.1%, while international comps rose 16.6%, or 1.6% in constant currency.

Gross margin slipped 57 basis points to 52.2%, largely from a 77 basis point non-cash LIFO impact, but operating expenses leveraged slightly to 33.1% of sales. Operating profit increased 6.6% to $923.8 million, and diluted EPS rose to $38.07 from $35.36.

The company continued significant capital returns, repurchasing 164 thousand shares for $586.3 million and ending with $0.8 billion of remaining authorization. Store count reached 7,856 locations as of May 9, 2026, indicating ongoing investment in footprint alongside disciplined balance sheet management with adjusted debt to EBITDAR at 2.5x.

8-K Event Classification

2 items: 2.02, 9.01

2 items

Item 2.02 Results of Operations and Financial Condition Financial

Disclosure of earnings results, typically an earnings press release or preliminary financials.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Key Figures

Q3 2026 net sales: $4,840,950,000 Q3 2026 diluted EPS: $38.07 per share Total company same store sales: 5.5% +5 more

8 metrics

Q3 2026 net sales $4,840,950,000 12 weeks ended May 9, 2026, up 8.4% year over year

Q3 2026 diluted EPS $38.07 per share Compared with $35.36 in the prior-year quarter

Total company same store sales 5.5% Q3 2026 reported basis; 3.9% in constant currency

Q3 2026 operating profit $923,756,000 Operating profit (EBIT) for 12 weeks ended May 9, 2026

Share repurchases in Q3 2026 $586,300,000 164 thousand shares at an average $3,582 per share

Store count 7,856 stores As of May 9, 2026 across U.S., Mexico and Brazil

Adjusted debt to EBITDAR 2.5x Trailing four quarters ended May 9, 2026

Adjusted after-tax ROIC 36.3% Trailing four quarters ended May 9, 2026

Key Terms

same store sales, LIFO impact, EBITDAR, Adjusted Return on Invested Capital (ROIC), +2 more

6 terms

same store sales financial

"Same store sales, or sales for our domestic and international stores open at least one year, are as follows"

Same store sales measure the change in revenue generated by stores that have been open for at least a year, comparing current sales to past periods. It helps investors see how well a business is growing from its existing locations, without the influence of new store openings or closures. This metric provides a clearer picture of ongoing performance and customer demand.

LIFO impact financial

"The decrease in gross margin was driven by a 77 basis point net non-cash LIFO impact"

EBITDAR financial

"adjusted debt and adjusted debt to earnings before interest, taxes, depreciation, amortization, rent and share-based expense (“EBITDAR”)"

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.

Adjusted Return on Invested Capital (ROIC) financial

"Adjusted Return on Invested Capital (ROIC)"

A measure of how much profit a company generates from the money invested in its business, expressed as a percentage, after removing one-off items and accounting quirks so the underlying operating performance is clearer. Think of it like the annual yield from a garden bed after excluding a single bumper crop or loss: it shows how efficiently management turns capital into sustainable returns, helping investors judge whether the business is creating value above its cost of funding.

constant currency financial

"Constant Currency same store sales exclude the impact of fluctuations of foreign currency exchange rates"

Constant currency is a way of measuring financial results that removes the effects of changes in currency exchange rates. It allows for a clearer comparison of a company's performance over time by showing what the numbers would look like if exchange rates had stayed the same. This helps investors understand whether growth comes from actual business improvements or just currency fluctuations.

stockholders' deficit financial

"Stockholders' deficit | | | (2,784,552 | )"

When a company's total liabilities exceed its total assets, the owner's equity becomes negative and is reported as a stockholders' deficit. It shows that, on paper, the business owes more than it owns — like a homeowner whose mortgage balance is larger than the home's market value. Investors watch this because it signals financial strain, higher risk of dilution or default, and can limit a company's ability to pay dividends, borrow, or grow.

Earnings Snapshot

Net sales: $4,840,950,000

Q3 2026

Net sales $4,840,950,000 +8.4% year over year

Net income $641,491,000 up from $608,440,000 prior year

Diluted EPS $38.07 up from $35.36 prior year

Total company same store sales 5.5% up from 3.2% prior year quarter

Understanding 8-K Material Events →

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UNITED STATES

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

Date of Report (Date of earliest event reported):  May 26, 2026

_______________________________

AUTOZONE, INC.

(Exact name of registrant as specified in its charter)

_______________________________

Nevada	1-10714	62-1482048
(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)

(Former name or former address, if changed since last report)

_______________________________

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock, par value $0.01 per share	AZO	New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02. Results of Operations and Financial Condition.

On May 26, 2026, AutoZone, Inc. issued a press release announcing its earnings for the fiscal quarter ended May 9, 2026 which is furnished as Exhibit 99.1.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.		Description
99.1		Press Release, dated May 26, 2026
104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURE

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: May 26, 2026	By:	/s/ Jamere Jackson
		Jamere Jackson
		Chief Financial Officer

EXHIBIT 99.1

AutoZone 3rd Quarter Total Company Same Store Sales Increase 3.9%; Domestic Same Store Sales Increase 4.1%; EPS of $38.07

MEMPHIS, Tenn., May 26, 2026 (GLOBE NEWSWIRE) -- AutoZone, Inc. (NYSE: AZO) today reported net sales of $4.8 billion for its third quarter (12 weeks) ended May 9, 2026, an increase of 8.4% from the third quarter of fiscal 2025 (12 weeks). Same store sales, or sales for our domestic and international stores open at least one year, are as follows:

					Constant Currency							Constant Currency
	12 Weeks				12 Weeks*			36 Weeks				36 Weeks*
Domestic	4.1	%			4.1	%		4.2	%			4.2		%
International	16.6	%			1.6	%		15.0	%			2.6		%
Total Company	5.5	%			3.9	%		5.4	%			4.0		%
* Excludes impacts from fluctuations of foreign exchange rates.

For the quarter, gross profit, as a percentage of sales, was 52.2%, a decrease of 57 basis points versus the prior year. The decrease in gross margin was driven by a 77 basis point net non-cash LIFO impact partially offset by other gross margin improvements. Operating expenses, as a percentage of sales, were 33.1% versus last year at 33.3% with leverage driven by strong top line sales growth and expense management.

Operating profit increased 6.6% to $923.8 million. Net income for the quarter was $641.5 million compared to $608.4 million in the same period last year, while diluted earnings per share were $38.07 compared to last year at $35.36.

Under its share repurchase program, AutoZone repurchased 164 thousand shares of its common stock at an average price per share of $3,582, for a total investment of $586.3 million. At the end of the third quarter, the Company had $0.8 billion remaining under its current share repurchase authorization.

The Company’s inventory increased 10.8% over the same period last year, driven primarily by growth initiatives and inflation. Net inventory, defined as merchandise inventories less accounts payable, on a per store basis, was negative $107 thousand versus negative $142 thousand last year and negative $105 thousand last quarter.

“I want to thank our AutoZoners across the globe for delivering on our promise of “WOW” customer service and strong financial results this past quarter. Along with strong domestic sales results, we managed our expenses well and returned to an operating margin north of 19% for the quarter. We continue to execute well on our growth strategies behind strong execution. Domestically, both DIY and Commercial sales grew impressively this past quarter, while our international sales, in constant currency, continued to be challenged as both Mexico and Brazil performed similarly to last quarter. While international performance has been below our plan, we believe our market share continues to grow as we outpace our competition in both international marketplaces.  We were also pleased to have opened 82 new stores globally in the quarter, in line with our current expectations to open approximately 355-365 stores for the full fiscal year. As we remain focused on gaining market share in our industry, we will stay committed to a disciplined approach of increasing earnings and cash flows to drive shareholder value,” said Phil Daniele, President and Chief Executive Officer.

During the quarter ended May 9, 2026, AutoZone opened 57 new stores in the U.S., 20 in Mexico and five in Brazil for a total of 82 new stores. As of May 9, 2026, the Company had 6,766 stores in the U.S., 933 in Mexico and 157 in Brazil for a total store count of 7,856.

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, May 26, 2026, beginning at 10:00 a.m. (ET) to discuss its third 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 53849 through June 23, 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 3rd Quarter Highlights - Fiscal 2026
Condensed Consolidated Statements of Operations
3rd Quarter, FY2026
(in thousands, except per share data)
				GAAP Results
				12 Weeks Ended				12 Weeks Ended
				May 9, 2026				May 10, 2025
Net sales				$	4,840,950			$	4,464,339
Cost of sales					2,316,376				2,110,816
Gross profit					2,524,574				2,353,523
Operating, SG&A expenses					1,600,818				1,487,349
Operating profit (EBIT)					923,756				866,174
Interest expense, net					110,490				111,285
Income before taxes					813,266				754,889
Income tax expense					171,775				146,449
Net income				$	641,491			$	608,440
Net income per share:
	Basic			$	38.95			$	36.33
	Diluted			$	38.07			$	35.36
Weighted average shares outstanding:
	Basic				16,468				16,746
	Diluted				16,852				17,207
Year-To-Date 3rd Quarter, FY2026
(in thousands, except per share data)
				GAAP Results
				36 Weeks Ended				36 Weeks Ended
				May 9, 2026				May 10, 2025
Net sales				$	13,743,677			$	12,695,991
Cost of sales					6,616,431				5,946,010
Gross profit					7,127,246				6,749,981
Operating, SG&A expenses					4,720,865				4,335,891
Operating profit (EBIT)					2,406,381				2,414,090
Interest expense, net					323,929				327,736
Income before taxes					2,082,452				2,086,354
Income tax expense					441,278				425,057
Net income				$	1,641,174			$	1,661,297
Net income per share:
	Basic			$	99.08			$	98.80
	Diluted			$	96.69			$	96.17
Weighted average shares outstanding:
	Basic				16,564				16,815
	Diluted				16,974				17,274
Selected Balance Sheet Information
(in thousands)
				May 9, 2026				May 10, 2025				August 30, 2025
Cash and cash equivalents				$	253,729			$	268,625			$	271,803
Merchandise inventories					7,559,056				6,822,881				7,025,688
Current assets					8,934,569				7,985,711				8,341,379
Property and equipment, net					7,796,988				6,727,218				7,062,509
Operating lease right-of-use assets					3,413,970				3,145,590				3,194,666
Total assets					20,916,463				18,621,983				19,355,324
Accounts payable					8,401,277				7,887,417				8,025,590
Current liabilities					10,035,313				9,465,535				9,519,397
Operating lease liabilities, less current portion					3,278,354				3,020,664				3,093,936
Total Debt					9,016,477				8,853,110				8,799,775
Stockholders' deficit					(2,784,552	)			(3,974,405	)			(3,414,313	)
Working capital					(1,100,744	)			(1,479,824	)			(1,178,018	)

AutoZone's 3rd Quarter Highlights - Fiscal 2026
Condensed Consolidated Statements of Operations
Adjusted Debt / EBITDAR
(in thousands, except adjusted debt to EBITDAR ratio)
					Trailing 4 Quarters
					May 9, 2026				May 10, 2025
Net income					$	2,478,124			$	2,563,505
Add: Interest expense						472,017				480,888
Income tax expense						652,306				666,378
EBIT						3,602,447				3,710,771
Add: Depreciation and amortization						661,538				591,126
Rent expense(1)						486,779				465,339
Share-based expense						136,774				120,516
EBITDAR					$	4,887,538			$	4,887,752
Debt					$	9,016,477			$	8,853,110
Financing lease liabilities						455,363				407,487
Add: Rent x 6(1)						2,920,674				2,792,034
Adjusted debt					$	12,392,514			$	12,052,631
Adjusted debt to EBITDAR						2.5				2.5
Adjusted Return on Invested Capital (ROIC)
(in thousands, except ROIC)
					Trailing 4 Quarters
					May 9, 2026				May 10, 2025
Net income					$	2,478,124			$	2,563,505
Adjustments:
Interest expense						472,017				480,888
Rent expense(1)						486,779				465,339
Tax effect(2)						(199,430	)			(194,922	)
Adjusted after-tax return					$	3,237,490			$	3,314,810
Average debt(3)					$	8,839,905			$	8,987,683
Average stockholders' deficit(3)						(3,262,129	)			(4,538,590	)
Add: Rent x 6(1)						2,920,674				2,792,034
Average financing lease liabilities(3)						413,733				385,328
Invested capital					$	8,912,183			$	7,626,455
Adjusted After-Tax ROIC						36.3	%			43.5	%
(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 trailing four quarters ended May 9, 2026, and May 10, 2025.
																	Trailing 4 Quarters
(in thousands)					May 9, 2026				May 10, 2025
Total lease cost, per ASC 842					$	657,326			$	625,740
Less: Financing lease interest and amortization						(124,052	)			(117,287	)
Less: Variable operating lease components, related to insurance and common area maintenance						(46,495	)			(43,114	)
				Rent expense								$	486,779			$	465,339
(2)Effective tax rate over the trailing four quarters ended May 9, 2026, and May 10, 2025, was 20.8% and 20.6%, respectively.
(3)All averages are computed based on trailing five quarter balances.
Other Selected Financial Information
(in thousands)
					May 9, 2026				May 10, 2025
Cumulative share repurchases ($ since fiscal 1998)					$	39,845,837			$	38,070,948
Remaining share repurchase authorization ($)						804,163				1,079,052
Cumulative share repurchases (shares since fiscal 1998)						155,985				155,512
Shares outstanding, end of quarter						16,369				16,724
					12 Weeks Ended				12 Weeks Ended				36 Weeks Ended			36 Weeks Ended
					May 9, 2026				May 10, 2025				May 9, 2026			May 10, 2025
Depreciation and amortization					$	160,292			$	144,696			$	464,126		$	415,787
Cash flow from operations						847,387				769,030				2,164,987			2,164,582
Capital spending						391,681				345,886				1,043,658			885,623

AutoZone's 3rd Quarter Highlights - Fiscal 2026
Condensed Consolidated Statements of Operations
Selected Operating Highlights
Store Count & Square Footage
					12 Weeks Ended					12 Weeks Ended					36 Weeks Ended					36 Weeks Ended
					May 9, 2026					May 10, 2025					May 9, 2026					May 10, 2025
Domestic:
Beginning stores						6,709					6,483					6,627					6,432
Stores opened						57					54					139					105
Stores closed						-					-					-					-
Ending domestic stores						6,766					6,537					6,766					6,537
Relocated stores						1					2					8					5
Stores with commercial programs						6,356					6,011					6,356					6,011
Square footage (in thousands)						45,205					43,459					45,205					43,459
Mexico:
Beginning stores						913					813					883					794
Stores opened						20					25					50					44
Ending Mexico stores						933					838					933					838
Brazil:
Beginning stores						152					136					147					127
Stores opened						5					5					10					14
Ending Brazil stores						157					141					157					141
Total						7,856					7,516					7,856					7,516
Total Company stores opened, net						82					84					199					163
Square footage (in thousands)						53,339					50,761					53,339					50,761
Square footage per store						6,790					6,754					6,790					6,754
Sales Statistics
($ in thousands, except sales per average square foot)
Total AutoZone Stores (Domestic, Mexico and Brazil)					12 Weeks Ended					12 Weeks Ended					Trailing 4 Quarters					Trailing 4 Quarters
					May 9, 2026					May 10, 2025					May 9, 2026					May 10, 2025(1)
Sales per average store					$	619				$	586				$	2,600				$	2,514
Sales per average square foot					$	91				$	87				$	384				$	373
Domestic Commercial
Total domestic commercial sales					$	1,402,740				$	1,270,332				$	5,611,393				$	5,112,930
% Increase vs. LY						10.4%					10.7%					9.7%					8.3%
Average sales per program per week					$	18.5				$	17.7				$	17.5				$	16.3
% Increase vs. LY						4.5%					7.9%					7.4%					1.9%
(1)Trailing 4 Quarters ending May 10, 2025 include an additional week of sales of approximately $359.1 million for Total AutoZone Stores with $95.7 million for Domestic Commercial. Sales per average store and sales per square foot benefited from the additional week by $49K, and $7K, respectively.
																									12 Weeks Ended					12 Weeks Ended					36 Weeks Ended					36 Weeks Ended
Same store sales(2)					May 9, 2026					May 10, 2025					May 9, 2026					May 10, 2025
Domestic						4.1%					5.0%					4.2%					2.4%
International						16.6%					(9.2%)					15.0%					(5.7%)
Total Company						5.5%					3.2%					5.4%					1.4%
International - Constant Currency						1.6%					8.1%					2.6%					10.4%
Total Company - Constant Currency						3.9%					5.4%					4.0%					3.4%
(2)Same store sales are based on sales for all stores open at least one year. Constant Currency same store sales exclude the impact of fluctuations of foreign currency exchange rates by converting both the current year and prior year international results at the prior year foreign currency exchange rate.
																		Inventory Statistics (Total Stores)
					as of					as of
					May 9, 2026					May 10, 2025
Accounts payable/inventory						111.1%					115.6%
($ in thousands)
Inventory					$	7,559,056				$	6,822,881
Inventory per store						962					908
Net inventory (net of payables)						(842,221	)				(1,064,536	)
Net inventory/per store						(107	)				(142	)
					Trailing 5 Quarters
					May 9, 2026					May 10, 2025
Inventory turns						1.3		x			1.4		x

FAQ

How did AutoZone (AZO) perform in its Q3 2026 results?

AutoZone reported higher Q3 2026 net sales of $4.84 billion, up 8.4% year over year, and net income of $641.5 million. Diluted EPS increased to $38.07, reflecting both sales growth and continued share repurchases.

What were AutoZone (AZO) same store sales in Q3 2026?

Total company same store sales for Q3 2026 grew 5.5%. Domestic same store sales increased 4.1%, while international same store sales rose 16.6%, or 1.6% on a constant currency basis, showing broad-based growth across regions.

How did AutoZone’s Q3 2026 margins and operating profit trend?

Q3 2026 gross margin was 52.2%, down 57 basis points, mainly from a 77 basis point non-cash LIFO impact. Operating expenses were 33.1% of sales, slightly improved, and operating profit rose 6.6% to $923.8 million compared with the prior year quarter.

What were AutoZone (AZO) share repurchases in Q3 2026?

AutoZone repurchased 164 thousand shares of common stock in Q3 2026 at an average price of $3,582, totaling $586.3 million. The company ended the quarter with $0.8 billion remaining under its current share repurchase authorization.

How many stores does AutoZone operate as of May 9, 2026?

As of May 9, 2026, AutoZone operated 7,856 stores, including 6,766 in the U.S., 933 in Mexico and 157 in Brazil. The company opened 82 new stores during the quarter, supporting ongoing network expansion.

What is AutoZone’s adjusted debt to EBITDAR ratio as of Q3 2026?

On a trailing four-quarter basis ended May 9, 2026, AutoZone reported EBITDAR of $4.89 billion and adjusted debt of $12.39 billion. This results in an adjusted debt to EBITDAR ratio of 2.5x, consistent with the prior-year level.

How did AutoZone’s year-to-date FY2026 results compare to last year?

For the 36 weeks ended May 9, 2026, net sales were $13.74 billion versus $12.70 billion last year. Year-to-date net income was $1.64 billion compared with $1.66 billion, while diluted EPS was $96.69 versus $96.17.

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