AutoZone, Inc. Q3 Fiscal Year 2026 Earnings Release

AutoZone, Inc. reported its results for the third quarter of fiscal year 2026, ending May 9, 2026. The company announced net sales of $4.8 billion, an increase of 8.4% compared to the same period in fiscal year 2025. Same-store sales saw a 3.9% increase, with domestic sales up 4.1%. Diluted earnings per share (EPS) were $38.07, compared to $35.36 in the prior year's third quarter. Gross profit margin decreased by 57 basis points to 52.2%, attributed to a LIFO impact, while operating expenses as a percentage of sales decreased to 33.1%. The company repurchased approximately $586.3 million of its common stock. AutoZone opened 82 new stores globally during the quarter, bringing the total store count to 7,856. The CEO, Phil Daniele, expressed satisfaction with the financial results and customer service, noting strong domestic sales for both DIY and Commercial segments, while international sales faced challenges. The company remains focused on market share growth and increasing shareholder value.