NYSE$AZO

Autozone Inc · Q2 2026 earnings

Q2 2026 earnings · · Before market open · Investor relations

Briefing

AutoZone reported higher sales with margin pressure and lower earnings in Q2 2026.

AutoZone delivered revenue growth of 8.1% in the second quarter driven by same-store sales growth and commercial strength, but gross margin compression and slightly higher operating expenses led to a decline in operating profit and net income year over year.

  • Revenue increased 8.1% year over year to $4.27 billion.
  • Gross margin declined 137 basis points due to a non-cash LIFO charge.
  • Domestic same-store sales grew 3.4%, while international constant currency comps rose 2.5%.
  • Operating profit declined 1.2% year over year.

Headline financials

Total Revenue

$4.27B

Previous: $3.95B+8.1%
EPS

$27.63

Previous: $28.29-2.3%
Gross Margin

52.5%

No prior period
Operating Expense Ratio

36.1%

No prior period
International Same Store Sales Growth

17.1%

No prior period
Total Company SSS Growth (Constant Currency)

3.3%

No prior period
Net Inventory per Store

-$105.00

No prior period
Stores Opened, Net

64

No prior period
Domestic Same Store Sales Growth

3.4%

No prior period
International SSS Growth (Constant Currency)

2.5%

No prior period
Capital Expenditures

-$652M

Previous: -$540M-20.8%
Free Cash Flow

$666M

No prior period
Net Income

$469M

Previous: $488M-3.9%
Operating Income

$698M

Previous: $707M-1.2%
Gross Profit

$2.24B

Previous: $2.13B+5.4%
Cash & Equivalents

$285M

No prior period
Total Assets

$20.4B

No prior period

Revenue & EPS history

Autozone · Revenue · Quarterly

$4.27B

Q2 2026+8.1%vs Q2 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

The company expects to continue expanding store count and gaining market share while maintaining a disciplined capital allocation strategy.

Tailwinds

  • Planned opening of approximately 350-360 stores for the full fiscal year.
  • Continued focus on commercial sales growth.
  • Commitment to disciplined capital allocation.
  • Ongoing share repurchase authorization of $1390469.
  • International market share gains in Mexico and Brazil.

Headwinds

  • Gross margin pressure from LIFO impacts.
  • Operating expense deleverage from growth investments.
  • Inventory increased 13.1% year over year.
  • Net income declined year over year.
  • Operating profit declined year over 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 Q2 2026

Historical avgQ2 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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