AutoZone, Inc.'s Stock Analysis

AutoZone Reports Q4 Earnings and Sales Growth Metrics

AutoZone, Inc. reported net sales of $6.2 billion for the fourth quarter ended August 30, 2025, reflecting a 0.6% increase from the same period in the prior year. Adjusted for an additional week in the previous quarter, sales rose by 6.9%. The company experienced a decrease in gross profit margin to 51.5% due to a non-cash LIFO charge, while operating expenses increased to 32.4%. Net income for the quarter was $837 million, down from $902 million in the previous year, resulting in diluted earnings per share of $48.71, a decrease of 5.6%. For the fiscal year, total sales reached $18.9 billion, a rise of 2.4% from the prior year, with net income decreasing to $2.5 billion from $2.66 billion in the previous year.

During the quarter, AutoZone repurchased 117,000 shares at an average price of $3,821, totaling $446.7 million, and completed $1.5 billion in share repurchases for the fiscal year. The company opened 141 net new stores globally, increasing its total store count to 7,657. Inventory levels rose by 14.1% compared to the previous year, attributed to growth initiatives. The company continues to focus on expanding its market share through strategic store openings and investments in growth initiatives.

Sep 23, 2025 06:55:28

AutoZone Announces Leadership Changes and Executive Appointments

William Hackney, Executive Vice President at AutoZone, has announced his retirement effective November 7, 2025, after a 40-year career with the company. Eric Gould, who has been with AutoZone for 33 years and currently serves as Senior Vice President of Supply Chain, has been appointed to succeed Hackney as Executive Vice President of Merchandising, Marketing, and Supply Chain. Additionally, Rick Smith, Senior Vice President of Human Resources, will retire in January 2026, with Eric Leef joining the company as his successor.

The leadership changes also include Denise McCullough being promoted to Senior Vice President of Supply Chain. These appointments reflect AutoZone's commitment to maintaining a strong management team, as noted by President and CEO Phil Daniele. As of May 10, 2025, AutoZone operates 7,516 stores across the Americas, making it the leading retailer and distributor of automotive replacement parts and accessories in the region.

Aug 28, 2025 17:01:32

AutoZone Appoints New Board Member Constantino Spas Montesinos

AutoZone, Inc. has announced the appointment of Constantino Spas Montesinos to its Board of Directors. Montesinos is currently the Chief Executive Officer of the Proximity Americas and Mobility Division of Fomento Económico Mexicano, S.A.B. de C.V. (FEMSA), a major multinational beverage and retail company. His background includes significant leadership roles at Coca-Cola FEMSA, where he gained extensive international and industry experience. With this addition, AutoZone's board now consists of 11 members.

As of May 10, 2025, AutoZone operates 7,516 stores across the Americas, including 6,537 in the U.S., 838 in Mexico, and 141 in Brazil. The company is recognized as a leading retailer and distributor of automotive replacement parts and accessories. AutoZone's stores offer a wide range of products for various vehicle types, and the company also engages in commercial sales to repair garages and other accounts. AutoZone does not generate revenue from automotive repair or installation services.

May 28, 2025 17:00:20

AutoZone Reports 5.4% Sales Increase, EPS at $35.36

AutoZone, Inc. reported net sales of $4.5 billion for the third quarter ending May 10, 2025, reflecting a 5.4% increase compared to the same period last year. Domestic same store sales rose by 5.0%, while international same store sales saw a decline of 9.2%. The gross profit margin decreased to 52.7%, impacted by factors such as higher inventory shrink and startup costs for new distribution centers. Operating profit fell by 3.8% to $866.2 million, and net income decreased by 6.6% to $608.4 million, resulting in diluted earnings per share of $35.36, down 3.6% year-over-year. The company repurchased 70,000 shares at an average price of $3,571, with $1.1 billion remaining under its share repurchase authorization.

Additionally, AutoZone opened 84 new stores during the quarter, comprising 54 in the U.S., 25 in Mexico, and 5 in Brazil, bringing the total store count to 7,516. The company’s inventory increased by 10.8% year-over-year, driven by new store growth and same store sales initiatives. Despite the challenges in gross margins, AutoZone continues to invest in its growth strategies and is preparing for the summer selling season.

May 27, 2025 06:55:09

AutoZone Appoints Claire Rauh McDonough to Board of Directors

AutoZone, Inc. has announced the appointment of Claire Rauh McDonough to its Board of Directors. McDonough currently serves as the Chief Financial Officer of Rivian and has a background in investment banking, including a role at J.P. Morgan. With this addition, AutoZone's board now consists of 10 members.

As of February 15, 2025, AutoZone operates 7,432 stores across the Americas, including 6,483 in the U.S., 813 in Mexico, and 136 in Brazil. The company is a leading retailer and distributor of automotive replacement parts and accessories, offering a wide range of products for various vehicles. AutoZone also provides commercial sales programs and online purchasing options for both individual and commercial customers.

Apr 23, 2025 17:00:57

AutoZone Issues $500 Million in Senior Unsecured Notes

AutoZone, Inc. has entered into an underwriting agreement to issue $500 million in 5.125% Notes due 2030, with the sale completed on April 14, 2025. The Notes will pay interest semi-annually, starting December 15, 2025, and are senior unsecured debt obligations, ranking equally with other senior unsecured liabilities of the Company. The agreement includes customary terms and conditions, including covenants that restrict the Company’s ability to incur additional debt or engage in certain transactions without exceptions.

However, the issuance of the Notes comes with certain risks, as they are subject to customary events of default, which could allow holders to declare the Notes due and payable under specific circumstances. Additionally, the Company has obligations to repurchase the Notes in the event of a change of control triggering event unless it opts to redeem them. The Underwriters involved have also provided various financial services to the Company, indicating a close relationship that may influence future transactions.

Apr 14, 2025 16:10:40

AutoZone Reports 2.4% Sales Increase, Net Income Declines 5.3%

AutoZone, Inc. reported net sales of $4.0 billion for the second quarter of fiscal 2025, reflecting a 2.4% increase compared to the same period last year. Domestic same store sales rose by 1.9%, while international same store sales decreased by 8.2%. The company's gross profit margin remained stable at 53.9%, and it successfully repurchased 100 thousand shares of common stock, investing a total of $329.4 million. AutoZone opened 45 new stores across the U.S., Mexico, and Brazil, contributing to a total store count of 7,432 by the end of the quarter. Additionally, the company's inventory increased by 10.4% compared to last year, indicating ongoing investment in stock levels to support sales growth. 

Conversely, AutoZone experienced a 5.3% decline in net income, totaling $487.9 million for the quarter, alongside a 2.1% decrease in diluted earnings per share, which stood at $28.29. Operating profit also fell by 4.9% to $706.8 million, attributed to increased operating expenses, which rose to 36.0% of sales compared to 34.6% last year. The company's net inventory per store remained negative, suggesting challenges in managing inventory levels relative to accounts payable. These factors indicate a need for careful monitoring of expenses and inventory management as AutoZone continues to pursue its growth strategies.

Mar 04, 2025 06:55:09

AutoZone Reports $4.3 Billion in Q1 Net Sales

AutoZone, Inc. reported net sales of $4.3 billion for the first quarter of fiscal 2025, marking a 2.1% increase from the previous year. The company experienced a slight increase in gross profit margin to 53.0% and reported diluted earnings per share of $32.52. Domestic same store sales showed a modest rise of 0.3%, while international same store sales grew by 1.0% in constant currency. The company also repurchased 160 thousand shares during the quarter, demonstrating a commitment to returning value to shareholders.

On the downside, AutoZone's net income decreased to $564.9 million from $593.5 million in the same quarter last year, and operating profit fell by 0.9% to $841.1 million. Operating expenses as a percentage of sales rose to 33.3%, compared to 32.6% in the prior year. Additionally, inventory levels increased by 8.7% year-over-year, raising concerns about inventory management as net inventory per store was reported as negative $166 thousand. Overall, while there were positive sales metrics, the decline in profit and rising expenses indicate challenges for the company.

Dec 10, 2024 07:00:13

AutoZone Reports Mixed Results for Fourth Quarter 2024

Despite the positive overall sales growth, AutoZone's operating expenses increased to 31.6% of sales, up from 31.2% last year, driven by higher store payroll costs. The company faced inventory challenges with a 6.8% increase in inventory year-over-year, which could impact cash flow and operational efficiency. Additionally, while the share repurchase program remains strong, with $2.2 billion available for future repurchases, the rising debt levels, now at $9.0 billion, could pose risks. Overall, while AutoZone has demonstrated growth in several areas, the mixed signals from domestic sales performance and increased expenses suggest a need for careful management moving forward.

Sep 24, 2024 06:55:09

AutoZone Completes Sale of $1.3 Billion Notes

AutoZone completed the sale of $600 million 5.100% Notes due 2029 and $700 million 5.400% Notes due 2034, with interest payable semi-annually. The Notes are senior unsecured debt obligations, ranking equally with other senior unsecured liabilities. The Indenture includes customary covenants and events of default provisions. Holders have the option to require the Company to repurchase the Notes in case of a change of control triggering event. The Company may redeem the Notes at its discretion, subject to specified notice periods and redemption prices.

Jun 28, 2024 16:06:09