AutoZone, Inc. reported a strong financial performance for the twelve and thirty-six weeks ended May 9, 2026, with net sales reaching $4.84 billion, an increase of 8.4% compared to $4.46 billion in the same period last year. The company's gross profit for the quarter was $2.52 billion, reflecting a gross margin of 52.2%, slightly down from 52.7% in the prior year, primarily due to a net unfavorable non-cash LIFO impact. Net income for the quarter rose to $641.5 million, a 5.4% increase from $608.4 million, while diluted earnings per share increased by 7.7% to $38.07.

For the thirty-six weeks ended May 9, 2026, AutoZone's net sales also increased by 8.3% to $13.74 billion, up from $12.70 billion in the previous year. Gross profit for this period was $7.13 billion, with a gross margin of 51.9%, down from 53.2% in the prior year, again impacted by LIFO accounting. The company reported a net income of $1.64 billion, a slight decrease from $1.66 billion in the previous year, while diluted earnings per share increased marginally by 0.5% to $96.69.

Operationally, AutoZone opened 199 new stores during the thirty-six weeks, bringing its total to 7,856 locations across the Americas. The company reported a 4.1% increase in same-store sales in the U.S. and a significant 16.6% increase in international same-store sales, indicating strong growth in its commercial sales segment, which rose by 10.4% to $1.4 billion. The company continues to focus on expanding its market presence while maintaining a robust inventory management strategy, with merchandise inventories increasing to $7.56 billion from $7.03 billion year-over-year.

In terms of financial health, AutoZone's total assets increased to $20.92 billion, up from $19.36 billion, while total liabilities rose to $23.70 billion, resulting in a stockholders' deficit of $2.78 billion, an improvement from $3.41 billion a year earlier. The company reported cash and cash equivalents of $253.7 million and maintained a strong liquidity position with $2.2 billion available under its revolving credit facility. Looking ahead, AutoZone plans to continue investing in growth initiatives, including new store openings and expansion projects, while navigating macroeconomic challenges such as inflation and supply chain disruptions.

About AUTOZONE INC

AutoZone, Inc. is a leading retailer and distributor of automotive replacement parts, accessories, and maintenance products across the Americas. Operating thousands of stores in the U.S., Mexico, and Brazil, it serves DIY customers and commercial clients such as repair shops and fleet owners. AutoZone offers extensive product assortments, proprietary brands, and online sales, emphasizing customer service, product availability, and competitive pricing through a multi-channel retail model.

This description was generated via AI from an annual report. Updated 10 months ago.

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