Form 10-K · Annual report
AutoZone 10-K, filed Oct 26, 2026
- Filed
- CIK
- 0000866787
- Accession no.
- 0001104659-26-118791
Summary
AutoZone reported fiscal 2026 net sales of $20.3 billion, up 7.4%, with net income up 3.0% to $2.6 billion and diluted earnings per share up 5.3% to $152.55, growth it attributed mainly to a 3.3% domestic same-store sales increase and new stores. Results included $127.6 million in IEEPA tariff refunds that added $96.0 million to operating profit, partly offset by an unfavorable $128.0 million non-cash LIFO impact and helped by $254.4 million of favorable foreign currency effects on net sales.
Key points
- Domestic commercial sales rose 10.6% and represented 33.1% of total domestic sales.
- The U.S. Supreme Court invalidated IEEPA tariffs on February 20, 2026, and new tariffs were introduced under different statutory authority with uncertain scope and duration.
- AutoZone ended the fiscal year with 8,031 stores after 374 net new openings, and repurchased 579 thousand shares for $2.03 billion.
- Failure and maintenance related categories were about 85% of total sales, and the two metrics AutoZone ties to long-term market growth are miles driven and the number of vehicles seven years old or older.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
From the filing
Item 7. Management’s Discussion Executive Summary For fiscal 2026, net sales increased to $20.3 billion, a 7.4% increase over the prior year. Domestic commercial sales increased 10.6%, which represents 33.1% of our total Domestic sales. Operating profit increased 3.1% to $3.7 billion, net income increased 3.0% to $2.6 billion and diluted earnings per share increased 5.3% to $152.55 for the year. Fiscal 2026 comparisons were positively impacted by foreign currency exchange rates which had a favorable impact to net sales of $254.4 million and operating profit of $73.9 million, and IEEPA tariff refunds which has a positive impact on operating profit of $96.0 million. …
An excerpt of the text as filed with the SEC, cut for length.
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