10-Q · March 20, 2026
AutoZone reported twelve-week net sales of $4,274,098,000 (up $322,086,000 vs. prior year) and diluted EPS of $27.63 (down from $28.29 a year ago). Gross profit rose in dollars to $2,243,358,000 but gross margin…
Earnings analysis · 10-Q
AZO earnings analysis
Filed June 12, 2026 · Our reading of the company's report
The latest report
AutoZone reported Q3 2026 earnings with total net sales rising to $4.8 billion, an 8.4% increase compared to the previous year. Despite slight declines in gross and operating margins to 52.2% and 19.4% respectively,…
Read full summary
AutoZone reported Q3 2026 earnings with total net sales rising to $4.8 billion, an 8.4% increase compared to the previous year. Despite slight declines in gross and operating margins to 52.2% and 19.4% respectively, earnings per share (EPS) climbed 7.7% to $38.07, exceeding analyst expectations. The quarter was positively impacted by 3.9% same-store sales growth and a notable increase in domestic commercial sales.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
From revenue to operating profit
Where each $100 of revenue went in this report.
Cost of sales, operating expenses, and what remained. Figures are rounded to whole dollars.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $38.07
- Segment
- Domestic Sales
- Segment
- International Sales
What stood out
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Robust Revenue Growth
Net sales increased to $4.8 billion, up 8.4% from $4.4 billion a year ago.
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EPS Surpass Estimates
Reported EPS of $38.07 beat estimates of $36.15, reflecting a 7.7% increase year-over-year.
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Strong Commercial Sales Growth
Domestic commercial sales rose 10.4% to $1.4 billion compared to the prior year.
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Stable Same-Store Sales
Same-store sales grew 3.9% on a constant currency basis, highlighting consistent demand.
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Cash Flow Resilience
Generated $2.1 billion in net cash flows from operating activities, supported by solid performance.
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New Store Openings
Opened 199 new stores year-to-date, contributing to revenue growth.
What to watch
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LIFO Accounting Impact
Operating profit was negatively impacted by a $36 million net unfavorable non-cash LIFO adjustment.
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Decreased Cash Flow
Operating cash flow fell to $2.1 billion from $2.2 billion in the comparable prior year.
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Potential Economic Challenges
Management cited risks from inflation, interest rates, and potential supply chain disruptions.
Management's outlook
Management anticipates ongoing investment in growth initiatives and plans to monitor market trends closely.
Earlier filings 4
10-Q · June 13, 2025
AutoZone reported twelve-week net sales of $4,464,339,000 (up $228,854,000 or ~5.4% vs. the twelve weeks ended May 4, 2024) and diluted EPS of $35.36 (down from $36.69). Gross margin compressed to 52.7% while operating…
10-Q · March 21, 2025
AutoZone reported modest revenue growth for the twelve weeks ended February 15, 2025, with net sales of $3,952,012 (thousands) versus $3,859,126 (thousands) a year earlier, while operating profit and diluted EPS…
10-Q · December 20, 2024
AutoZone reported net sales of $4,279,641,000 for the twelve weeks ended November 23, 2024, up $89,364,000 (+2.1%) versus the prior year period. Gross margin was roughly stable at ~53.0% while operating margin…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.