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Nov 22, 2025
Autozone Q1 2026 Earnings Report
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.
Key Takeaways
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.
Revenue by Geographic Location
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.
Positive Outlook
- 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.
Challenges Ahead
- 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.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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