NYSE$AZO

Autozone Inc · Q1 2026 earnings

Q1 2026 earnings · · Before market open · Investor relations

Briefing

AutoZone reported its first quarter results for fiscal year 2026, with net sales increasing by 8.2% and diluted EPS decreasing by 4.69% compared to the prior year.

AutoZone delivered strong sales growth in the first quarter of fiscal 2026, with net sales reaching $4.6 billion, an 8.2% increase year-over-year. However, gross profit as a percentage of sales decreased by 203 basis points, primarily due to a non-cash LIFO impact. Diluted earnings per share were $31.04, down from $32.52 in the prior year, while operating profit also saw a decline.

  • Net sales for the first quarter of fiscal 2026 increased by 8.2% to $4.63 billion.
  • Diluted earnings per share for the quarter were $31.04, a decrease from $32.52 in the prior year.
  • Gross profit as a percentage of sales decreased by 203 basis points to 51.0%, mainly due to a non-cash LIFO impact.
  • The company repurchased 108 thousand shares of its common stock for $431.1 million during the quarter, with $1.7 billion remaining under authorization.

Headline financials

Total Revenue

$4.63B

Previous: $4.28B+8.2%
EPS

$31.04

Previous: $32.52-4.6%
Gross Margin

51.0%

Previous: 53.0%-3.8%
Operating Expense Ratio

34.0%

Previous: 33.3%+2.1%
International Same Store Sales Growth

11.2%

Previous: 1.0%+1020.0%
Total Company SSS Growth (Constant Currency)

4.7%

Previous: 1.8%+161.1%
Net Inventory per Store

-$145K

Previous: -$166K+12.7%
Stores Opened, Net

53

Previous: 34+55.9%
Domestic Same Store Sales Growth

4.8%

Previous: 0.3%+1500.0%
International SSS Growth (Constant Currency)

3.7%

Previous: 13.7%-73.0%
Capital Expenditures

-$314M

Previous: -$247M-27.2%
Free Cash Flow

$217M

Previous: $318M-31.8%
Net Income

$531M

Previous: $565M-6.0%
Operating Income

$784M

Previous: $841M-6.8%
Gross Profit

$2.36B

Previous: $2.27B+4.0%
Cash & Equivalents

$288M

Previous: $304M-5.4%
Total Assets

$19.7B

Previous: $17.5B+12.6%

Revenue & EPS history

Autozone · Revenue · Quarterly

$4.63B

Q1 2026+8.2%vs Q1 2025
Beat estimate in 7 of 15 quarters(47%)
ActualEstimate

Revenue by segment

Autozone · $1.4B total across 1 segment · Q3 2026

  • Domestic Commercial
    $1.4B

Forward guidance

AutoZone plans to aggressively open new stores over the remainder of the fiscal year, focusing on gaining market share and remaining committed to increasing earnings and cash flow to drive shareholder value.

Tailwinds

  • Aggressive new store openings planned globally to gain market share.
  • Continued execution on growth initiatives in Domestic and International businesses.
  • Commitment to disciplined approach of increasing earnings.
  • Focus on driving cash flow to enhance shareholder value.
  • Strong performance in both Domestic and International businesses.

Headwinds

  • Gross margin was negatively impacted by a non-cash LIFO adjustment.
  • Operating expenses increased as a percentage of sales due to investments in growth initiatives.
  • Operating profit decreased year-over-year.
  • Net income decreased compared to the same period last year.
  • Diluted earnings per share declined from the prior year.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2026

Historical avgQ1 2026

+0.2%

Avg return

Earnings day

+0.7%

Avg return

5 days after

+1.1%

Avg return

30 days after

62%

44 / 71 earnings

Positive

+8.8%

Q3 2022

Best reaction

-10.4%

Q3 2017

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q3 2026
Q2 2026-1.1%-6.2%-12.4%
Q1 2026-7.3%-8.5%-12.0%
Q4 2025+0.5%+1.9%-6.6%
Q3 2025-3.6%-2.4%-8.0%
Q2 2025-0.1%+3.9%+10.0%
Q1 2025+0.6%+1.4%-0.6%
Q4 2024+2.0%+4.8%+3.4%
Q3 2024-5.2%-4.5%+2.9%
Q2 2024+8.7%+9.6%+13.8%
Q1 2024+1.7%-1.6%-4.0%
Q4 2023+2.4%+1.9%-1.1%
Q3 2023-7.5%-6.1%-6.9%
Q2 2023-4.5%-2.9%-6.5%
Q1 2023-2.8%-2.8%-4.4%
Q4 2022-1.6%-3.2%+5.7%
Q3 2022+8.8%+13.9%+16.8%
Q2 2022+0.8%+1.5%+9.7%
Q1 2022+5.8%+6.5%+9.7%
Q4 2021+6.2%+6.9%+14.0%
Q3 2021-2.7%-2.9%+0.4%
Q2 2021+0.9%+4.3%+21.3%
Q1 2021-1.8%-0.2%+7.7%
Q4 2020-4.8%-4.3%-0.9%
Q3 2020+3.7%+2.2%-1.7%
Q2 2020+1.1%+1.3%-24.1%
Q1 2020+6.5%+5.7%-2.0%
Q4 2019-4.7%-5.4%-2.0%
Q3 2019+6.8%+7.6%+15.4%
Q2 2019+2.5%+4.5%+13.0%
Q1 2019+5.4%+5.5%+2.6%
Q4 2018+0.9%+3.0%-2.3%
Q3 2018-6.5%-4.7%+3.5%
Q2 2018-9.7%-9.9%-11.9%
Q1 2018-1.6%+1.7%+7.3%
Q4 2017-3.5%+1.9%+5.7%
Q3 2017-10.4%-6.7%-12.1%
Q2 2017-0.3%-2.1%-2.9%
Q1 2017+4.3%+3.4%+2.0%
Q4 2016-0.9%+3.7%-0.6%
Q3 2016+3.4%+3.2%+2.8%
Q2 2016+0.8%
Q1 2016+4.2%
Q4 2015+2.4%
Q3 2015-1.2%
Q2 2015+0.5%
Q1 2015+3.0%
Q4 2014-3.5%
Q3 2014-1.4%
Q2 2014+0.5%
Q1 2014+2.3%
Q4 2013+1.8%
Q3 2013+2.1%
Q2 2013-0.5%
Q1 2013-4.7%
Q4 2012+3.9%
Q3 2012+1.2%
Q2 2012+2.3%
Q1 2012-1.5%
Q4 2011+0.1%
Q3 2011-0.0%
Q2 2011+0.6%
Q1 2011+1.8%
Q4 2008+0.8%
Q4 2010+0.8%
Q4 2009+0.8%
Q3 2010+0.5%
Q3 2009+0.5%
Q2 2010+0.2%
Q2 2009+0.2%
Q1 2009+0.2%
Q1 2010+0.2%

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