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AZOAutoZone

Consumer discretionary · Auto Parts Retail · NYSE
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Earnings releases

Latest results release: Sep 22, 2026

8-K item 2.02, exhibit 99
Latest releaseRead ↓
Sep 22, 2026
AutoZone 4th Quarter Total Company Same Store Sales Increase 1.5%; Domestic Same
Releases kept
12
12 documents, oldest Dec 5, 2023

What AZO's management wrote with each quarter's results: the press release and, when the company files them, its prepared remarks or the call transcript. The call itself is not filed with SEC, so most quarters have the release only.

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Every release, in full

Linked to sec.gov
Press release Sep 22, 2026 · EX-99.1

AutoZone 4th Quarter Total Company Same Store Sales Increase 1.5%; Domestic Same

Open on SEC ↗

EXHIBIT 99.1 AutoZone 4th Quarter Total Company Same Store Sales Increase 1.5%; Domestic Same Store Sales Increase 1.6%; 4th Quarter EPS of $56.05; Annual Sales of $20.3 Billion MEMPHIS, Tenn., Sept. 22, 2026 (GLOBE NEWSWIRE) -- AutoZone, Inc. (NYSE: AZO) today reported net sales of $6.6 billion for its fourth quarter (16 weeks) ended August 29, 2026, an increase of 5.6% from the fourth quarter of fiscal 2025 (16 weeks). Same store sales, or sales for our domestic and international stores open at least one year, are as follows:

Constant Constant Currency Currency 16 Weeks 16 Weeks* 52 Weeks 52 Weeks* Domestic 1.6 % 1.6 % 3.3 % 3.3 % Internat… 10.7 % 1.3 % 13.5 % 2.2 % Total 2.7 % 1.5 % 4.5 % 3.2 % Company * Excludes impacts from fluctuat… of foreign exchange rates.

For the quarter, gross profit, as a percentage of sales, was 53.3%, an increase of 182 basis points versus the prior year. The increase in gross margin was driven by a 145 basis point impact from tariff refunds and a 105 basis point net non-cash LIFO impact, partially offset by higher commercial mix. Operating expenses, as a percentage of sales, were 33.4% versus last year at 32.4% with deleverage primarily driven by growth initiatives.

Operating profit increased 10.1% to $1.3 billion. Net income for the quarter was $931.6 million compared to $837.0 million in the same period last year, while diluted earnings per share were $56.05 compared to last year at $48.71.

For the fiscal year ended August 29, 2026, net sales were $20.3 billion, an increase of 7.4% from the prior year. Gross profit, as a percentage of sales, was 52.3% versus last year at 52.6%. The decrease in gross margin was impacted by a 61 basis point net non-cash LIFO impact, partially offset by a 48 basis point benefit from tariff refunds. Operating expenses, as a percentage of sales, were 34.0% versus last year at 33.6%. 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 from $144.87.

Under its share repurchase program, AutoZone repurchased 223 thousand shares of its common stock at an average price per share of $3,125, for a total investment of $697.5 million. For the fiscal year, the Company repurchased 579 thousand shares of its common stock, at an average price of $3,496, for a total investment of $2.0 billion. At year end, the Company had $1.6 billion remaining under its current share repurchase authorization.

The Company’s inventory increased 10.1% over the same period last year, driven primarily by growth initiatives. Net inventory, defined as merchandise inventories less accounts payable, on a per store basis, was negative $107 thousand versus negative $131 thousand last year and negative $107 thousand last quarter.

“I want to thank our entire organization for delivering another quarter of sales and earnings growth. In spite of a difficult selling environment the first eight weeks of our quarter, we remained committed to executing on our strategies to grow both our domestic and international businesses. Over the last eight weeks of the quarter our sales results strengthened, and we feel we are well positioned for sales growth in fiscal 2027. We opened 175 new stores this past quarter, which included 16 new Mega Hub stores in the U.S. We continue to improve our inventory offering for both the do-it-yourself and professional customers. We continue to improve our speed of delivery and are intently focused on exceptional customer service. Based on the data we have, we continued to gain share and we expect sales in each of the three countries in which we operate to accelerate in the new fiscal year. As always, we will remain committed to a disciplined approach of driving shareholder value,” said Phil Daniele, President and Chief Executive Officer.

During the quarter ended August 29, 2026, AutoZone opened 97 new stores in the U.S., 68 in Mexico and 10 in Brazil for a total of 175 new stores. For the fiscal year, the Company opened 374 new stores. As of August 29, 2026, the Company had 6,863 stores in the U.S., 1,001 in Mexico and 167 in Brazil for a total store count of 8,031.

AutoZone is a leading retailer and distributor of automotive replacement parts and accessories in the Americas. Each store carries an extensive product line for cars, sport utility vehicles, vans and light duty trucks, including new and remanufactured automotive hard parts, maintenance items, accessories, and non- automotive products. The majority of stores have a commercial sales program that provides prompt delivery of parts and other products and commercial credit to local, regional and national repair garages, dealers, service stations, fleet owners and other accounts. AutoZone also sells automotive hard parts, maintenance items, accessories and non-automotive products through www.autozone.com, and our commercial customers can make purchases through www.autozonepro.com. Additionally, we sell the ALLDATA brand of automotive diagnostic, repair, collision and shop management software through www.alldata.com. We also provide product information on our Duralast branded products through www.duralastparts.com. AutoZone does not derive revenue from automotive repair or installation services.

AutoZone will host a conference call this morning, Tuesday, September 22, 2026, beginning at 10:00 a.m. (ET) to discuss its fourth quarter results. This call is being webcast and can be accessed, along with supporting slides, at AutoZone’s website at www.autozone.com by clicking on Investor Relations. Investors may also listen to the call by dialing (888) 506-0062, passcode AUTOZONE. In addition, a telephone replay will be available by dialing (877) 481-4010, replay passcode 54424 through October 20, 2026.

This release includes certain financial information not derived in accordance with generally accepted accounting principles (“GAAP”). These non-GAAP measures include adjustments to reflect return on invested capital, adjusted debt and adjusted debt to earnings before interest, taxes, depreciation, amortization, rent and share-based expense (“EBITDAR”). The Company believes that the presentation of these non-GAAP measures provides information that is useful to investors as it indicates more clearly the Company’s comparative year-to-year operating results, but this information should not be considered a substitute for any measures derived in accordance with GAAP. Management targets the Company’s capital structure in order to maintain its investment grade credit ratings. The Company believes this is important information for the management of its debt levels and share repurchases. We have included a reconciliation of this additional information to the most comparable GAAP measures in the accompanying reconciliation tables.

Certain statements herein constitute forward-looking statements that are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements typically use words such as “believe,” “anticipate,” “should,” “intend,” “plan,” “will,” “expect,” “estimate,” “project,” “positioned,” “strategy,” “seek,” “may,” “could” and similar expressions. These statements are based on assumptions and assessments made by our management in light of experience, historical trends, current conditions, expected future developments and other factors that we believe appropriate. These forward-looking statements are subject to a number of risks and uncertainties, including without limitation: product demand, due to changes in fuel prices, miles driven or otherwise; energy prices; weather, including extreme temperatures and natural disasters; competition; credit market conditions; cash flows; access to financing on favorable terms; future stock repurchases; the impact of recessionary conditions; consumer debt levels; changes in laws or regulations; risks associated with self-insurance; war and the prospect of war, including terrorist activity; public health issues; inflation, including wage inflation; exchange rates; the ability to hire, train and retain qualified employees, including members of management; construction delays; failure or interruption of our information technology systems; issues relating to the confidentiality, integrity or availability of information, including due to cyber-attacks; historic sales and profit growth rate sustainability; downgrade of our credit ratings; damage to our reputation; challenges associated with doing business in and expanding into international markets; origin and raw material costs of suppliers; inventory availability; disruption in our supply chain; tariffs, trade policies and other geopolitical factors; new accounting standards; our ability to execute our growth initiatives; and other business interruptions. These and other risks and uncertainties are discussed in more detail in the “Risk Factors” section contained in Item 1A under Part 1 of our Annual Report on Form 10-K for the year ended August 30, 2025. Forward-looking statements are not guarantees of future performance and actual results may differ materially from those contemplated by such forward-looking statements. Events described above and in the “Risk Factors” section could materially and adversely affect our business. However, it is not possible to identify or predict all such risks and other factors that could affect these forward-looking statements. Forward-looking statements speak only as of the date made. Except as required by applicable law, we undertake no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise.

Contact Information: Financial: Brian Campbell at (901) 495-7005, brian.campbell@autozone.com Media: Jennifer Hughes at (901) 495-6022, jennifer.hughes@autozone.com

Full text with the tables
                                                                    EXHIBIT 99.1
AutoZone 4th Quarter Total Company Same Store Sales Increase 1.5%; Domestic Same
  Store Sales Increase 1.6%; 4th Quarter EPS of $56.05; Annual Sales of $20.3   
                                    Billion                                     
MEMPHIS, Tenn., Sept. 22, 2026 (GLOBE NEWSWIRE) -- AutoZone, Inc. (NYSE: AZO)
today reported net sales of $6.6 billion for its fourth quarter (16 weeks) ended
August 29, 2026, an increase of 5.6% from the fourth quarter of fiscal 2025 (16
weeks). Same store sales, or sales for our domestic and international stores
open at least one year, are as follows:
                                                                                
                              Constant                      Constant            
                              Currency                      Currency            
             16 Weeks        16 Weeks*       52 Weeks       52 Weeks*           
  Domestic        1.6  %           1.6  %         3.3  %                3.3  %  
  Internat…      10.7  %           1.3  %        13.5  %                2.2  %  
  Total           2.7  %           1.5  %         4.5  %                3.2  %  
  Company                                                                       
  *                                                                             
  Excludes                                                                      
  impacts                                                                       
  from                                                                          
  fluctuat…                                                                     
  of                                                                            
  foreign                                                                       
  exchange                                                                      
  rates.                                                                        
                                                                                
For the quarter, gross profit, as a percentage of sales, was 53.3%, an increase
of 182 basis points versus the prior year. The increase in gross margin was
driven by a 145 basis point impact from tariff refunds and a 105 basis point net
non-cash LIFO impact, partially offset by higher commercial mix. Operating
expenses, as a percentage of sales, were 33.4% versus last year at 32.4% with
deleverage primarily driven by growth initiatives.

Operating profit increased 10.1% to $1.3 billion. Net income for the quarter was
$931.6 million compared to $837.0 million in the same period last year, while
diluted earnings per share were $56.05 compared to last year at $48.71.

For the fiscal year ended August 29, 2026, net sales were $20.3 billion, an
increase of 7.4% from the prior year. Gross profit, as a percentage of sales,
was 52.3% versus last year at 52.6%. The decrease in gross margin was impacted
by a 61 basis point net non-cash LIFO impact, partially offset by a 48 basis
point benefit from tariff refunds. Operating expenses, as a percentage of sales,
were 34.0% versus last year at 33.6%. 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 from $144.87.

Under its share repurchase program, AutoZone repurchased 223 thousand shares of
its common stock at an average price per share of $3,125, for a total investment
of $697.5 million. For the fiscal year, the Company repurchased 579 thousand
shares of its common stock, at an average price of $3,496, for a total
investment of $2.0 billion. At year end, the Company had $1.6 billion remaining
under its current share repurchase authorization.

The Company’s inventory increased 10.1% over the same period last year, driven
primarily by growth initiatives. Net inventory, defined as merchandise
inventories less accounts payable, on a per store basis, was negative $107
thousand versus negative $131 thousand last year and negative $107 thousand last
quarter.

“I want to thank our entire organization for delivering another quarter of sales
and earnings growth. In spite of a difficult selling environment the first eight
weeks of our quarter, we remained committed to executing on our strategies to
grow both our domestic and international businesses. Over the last eight weeks
of the quarter our sales results strengthened, and we feel we are well
positioned for sales growth in fiscal 2027. We opened 175 new stores this past
quarter, which included 16 new Mega Hub stores in the U.S. We continue to
improve our inventory offering for both the do-it-yourself and professional
customers. We continue to improve our speed of delivery and are intently focused
on exceptional customer service. Based on the data we have, we continued to gain
share and we expect sales in each of the three countries in which we operate to
accelerate in the new fiscal year. As always, we will remain committed to a
disciplined approach of driving shareholder value,” said Phil Daniele, President
and Chief Executive Officer.

During the quarter ended August 29, 2026, AutoZone opened 97 new stores in the
U.S., 68 in Mexico and 10 in Brazil for a total of 175 new stores. For the
fiscal year, the Company opened 374 new stores. As of August 29, 2026, the
Company had 6,863 stores in the U.S., 1,001 in Mexico and 167 in Brazil for a
total store count of 8,031.

AutoZone is a leading retailer and distributor of automotive replacement parts
and accessories in the Americas. Each store carries an extensive product line
for cars, sport utility vehicles, vans and light duty trucks, including new and
remanufactured automotive hard parts, maintenance items, accessories, and non-
automotive products. The majority of stores have a commercial sales program that
provides prompt delivery of parts and other products and commercial credit to
local, regional and national repair garages, dealers, service stations, fleet
owners and other accounts. AutoZone also sells automotive hard parts,
maintenance items, accessories and non-automotive products through
www.autozone.com, and our commercial customers can make purchases through
www.autozonepro.com. Additionally, we sell the ALLDATA brand of automotive
diagnostic, repair, collision and shop management software through
www.alldata.com. We also provide product information on our Duralast branded
products through www.duralastparts.com. AutoZone does not derive revenue from
automotive repair or installation services.

AutoZone will host a conference call this morning, Tuesday, September 22, 2026,
beginning at 10:00 a.m. (ET) to discuss its fourth quarter results. This call is
being webcast and can be accessed, along with supporting slides, at AutoZone’s
website at www.autozone.com by clicking on Investor Relations. Investors may
also listen to the call by dialing (888) 506-0062, passcode AUTOZONE. In
addition, a telephone replay will be available by dialing (877) 481-4010, replay
passcode 54424 through October 20, 2026.

This release includes certain financial information not derived in accordance
with generally accepted accounting principles (“GAAP”). These non-GAAP measures
include adjustments to reflect return on invested capital, adjusted debt and
adjusted debt to earnings before interest, taxes, depreciation, amortization,
rent and share-based expense (“EBITDAR”). The Company believes that the
presentation of these non-GAAP measures provides information that is useful to
investors as it indicates more clearly the Company’s comparative year-to-year
operating results, but this information should not be considered a substitute
for any measures derived in accordance with GAAP. Management targets the
Company’s capital structure in order to maintain its investment grade credit
ratings. The Company believes this is important information for the management
of its debt levels and share repurchases. We have included a reconciliation of
this additional information to the most comparable GAAP measures in the
accompanying reconciliation tables.

Certain statements herein constitute forward-looking statements that are subject
to the safe harbor provisions of the Private Securities Litigation Reform Act of
1995. Forward-looking statements typically use words such as “believe,”
“anticipate,” “should,” “intend,” “plan,” “will,” “expect,” “estimate,”
“project,” “positioned,” “strategy,” “seek,” “may,” “could” and similar
expressions. These statements are based on assumptions and assessments made by
our management in light of experience, historical trends, current conditions,
expected future developments and other factors that we believe appropriate.
These forward-looking statements are subject to a number of risks and
uncertainties, including without limitation: product demand, due to changes in
fuel prices, miles driven or otherwise; energy prices; weather, including
extreme temperatures and natural disasters; competition; credit market
conditions; cash flows; access to financing on favorable terms; future stock
repurchases; the impact of recessionary conditions; consumer debt levels;
changes in laws or regulations; risks associated with self-insurance; war and
the prospect of war, including terrorist activity; public health issues;
inflation, including wage inflation; exchange rates; the ability to hire, train
and retain qualified employees, including members of management; construction
delays; failure or interruption of our information technology systems; issues
relating to the confidentiality, integrity or availability of information,
including due to cyber-attacks; historic sales and profit growth rate
sustainability; downgrade of our credit ratings; damage to our reputation;
challenges associated with doing business in and expanding into international
markets; origin and raw material costs of suppliers; inventory availability;
disruption in our supply chain; tariffs, trade policies and other geopolitical
factors; new accounting standards; our ability to execute our growth
initiatives; and other business interruptions. These and other risks and
uncertainties are discussed in more detail in the “Risk Factors” section
contained in Item 1A under Part 1 of our Annual Report on Form 10-K for the year
ended August 30, 2025. Forward-looking statements are not guarantees of future
performance and actual results may differ materially from those contemplated by
such forward-looking statements. Events described above and in the “Risk
Factors” section could materially and adversely affect our business. However, it
is not possible to identify or predict all such risks and other factors that
could affect these forward-looking statements. Forward-looking statements speak
only as of the date made. Except as required by applicable law, we undertake no
obligation to update publicly any forward-looking statements, whether as a
result of new information, future events or otherwise.

Contact Information:
Financial: Brian Campbell at (901) 495-7005, brian.campbell@autozone.com
Media: Jennifer Hughes at (901) 495-6022, jennifer.hughes@autozone.com
                                                                                
  AutoZone's                                                                    
  4th Quarter                                                                   
  Highlights                                                                    
  - Fiscal                                                                      
  2026                                                                          
  Condensed                                                                     
  Consolidat…                                                                   
  Statements                                                                    
  of                                                                            
  Operations                                                                    
  4th                                                                           
  Quarter,                                                                      
  FY2026                                                                        
  (in                                                                           
  thousands,   GAAP Results                                                     
  except per   16 Weeks        August 29,       16 Weeks         August 30,     
  share data)  Ended                 2026       Ended                  2025     
 ────────────────────────────────────────────────────────────────────────────── 
  Net sales    $                6,594,879       $                 6,242,726     
  Cost of                       3,077,151                         3,026,233     
  sales                                                                         
  Gross                         3,517,728                         3,216,493     
  profit                                                                        
  Operating,                                                                    
  SG&A                          2,200,811                         2,020,428     
  expenses                                                                      
  Operating                                                                     
  profit                        1,316,917                         1,196,065     
  (EBIT)                                                                        
  Interest                                                                      
  expense,                        148,684                           148,087     
  net                                                                           
  Income                                                                        
  before                        1,168,233                         1,047,978     
  taxes                                                                         
  Income tax                      236,646                           211,027     
  expense                                                                       
  Net income   $                  931,587       $                   836,951     
  Net income                                                                    
  per share:                                                                    
  Basic        $                    57.17       $                     50.02     
  Diluted      $                    56.05       $                     48.71     
  Weighted                                                                      
  average                                                                       
  shares                                                                        
  outstandin…                                                                   
  Basic                            16,294                            16,731     
  Diluted                          16,620                            17,181     
  Fiscal Year                                                                   
  2026                                                                          
  (in                                                                           
  thousands,                                                                    
  except per                                                                    
  share data)                                                                   
               GAAP Results                                                     
               52 Weeks                         52 Weeks                        
               Ended                            Ended                           
               August 29,                       August 30,                      
               2026                             2025                            
  Net sales    $               20,338,555       $                18,938,717     
  Cost of                       9,693,581                         8,972,243     
  sales                                                                         
  Gross                        10,644,974                         9,966,474     
  profit                                                                        
  Operating,                                                                    
  SG&A                          6,921,660                         6,356,318     
  expenses                                                                      
  Operating                                                                     
  profit                        3,723,314                         3,610,156     
  (EBIT)                                                                        
  Interest                                                                      
  expense,                        472,614                           475,824     
  net                                                                           
  Income                                                                        
  before                        3,250,700                         3,134,332     
  taxes                                                                         
  Income tax                      677,923                           636,085     
  expense                                                                       
  Net income   $                2,572,777       $                 2,498,247     
  Net income                                                                    
  per share:                                                                    
  Basic        $                   156.11       $                    148.80     
  Diluted      $                   152.55       $                    144.87     
  Weighted                                                                      
  average                                                                       
  shares                                                                        
  outstandin…                                                                   
  Basic                            16,481                            16,789     
  Diluted                          16,865                            17,245     
  Selected                                                                      
  Balance                                                                       
  Sheet                                                                         
  Information                                                                   
  (in                                                                           
  thousands)                                                                    
               August 29,                       August 30,                      
               2026                             2025                            
  Cash and                                                                      
  cash         $                  326,115       $                   271,803     
  equivalents                                                                   
  Merchandise                   7,735,560                         7,025,688     
  inventories                                                                   
  Current                       9,106,134                         8,341,379     
  assets                                                                        
  Property                                                                      
  and                           8,056,120                         7,062,509     
  equipment,                                                                    
  net                                                                           
  Operating                                                                     
  lease                         3,470,379                         3,194,666     
  right-of-u…                                                                   
  assets                                                                        
  Total                        21,630,510                        19,355,324     
  assets                                                                        
  Accounts                      8,596,585                         8,025,590     
  payable                                                                       
  Current                      10,106,530                         9,519,397     
  liabilities                                                                   
  Operating                                                                     
  lease                                                                         
  liabilitie…                   3,369,119                         3,093,936     
  less                                                                          
  current                                                                       
  portion                                                                       
  Total Debt                    9,078,320                         8,799,775     
  Stockholde…                  (2,502,470  )                     (3,414,313  )  
  deficit                                                                       
  Working                      (1,000,396  )                     (1,178,018  )  
  capital                                                                       
                                                                                
                                                                                
  Aut…                                                                          
  4th                                                                           
  Qua…                                                                          
  Hig…                                                                          
  -                                                                             
  Fis…                                                                          
  2026                                                                          
  Con…                                                                          
  Con…                                                                          
  Sta…                                                                          
  of                                                                            
  Ope…                                                                          
  Adj…                                                                          
  Debt                                                                          
  /                                                                             
  EBI…                                                                          
  (in                                                                           
  tho…                                                                          
  exc…                                                                          
  adj…                                                                          
  debt                                                                          
  to    52     August              August                                       
  EBI…  Weeks     29,                 30,                                       
  rat…  Ended    2026                2025                                       
 ────────────────────────────────────────────────────────────────────────────── 
  Net   $      2,572…       $      2,498…                                       
  inc…                                                                          
  Add:                                                                          
  Int…         472,6…              475,8…                                       
  exp…                                                                          
  Inc…                                                                          
  tax          677,9…              636,0…                                       
  exp…                                                                          
  EBIT         3,723…              3,610…                                       
  Add:                                                                          
  Dep…         684,2…              613,1…                                       
  and                                                                           
  amo…                                                                          
  Rent         500,0…              463,0…                                       
  exp…                                                                          
  Sha…         136,8…              124,7…                                       
  exp…                                                                          
  EBI…  $      5,044…       $      4,811…                                       
  Debt  $      9,078…       $      8,799…                                       
  Fin…                                                                          
  lea…         417,3…              399,9…                                       
  lia…                                                                          
  Add:                                                                          
  Rent         3,000…              2,778…                                       
  x                                                                             
  6(1)                                                                          
  Adj…  $      12,49…       $      11,97…                                       
  debt                                                                          
  Adj…                                                                          
  debt            2.5                 2.5                                       
  to                                                                            
  EBI…                                                                          
  Adj…                                                                          
  Ret…                                                                          
  on                                                                            
  Inv…                                                                          
  Cap…                                                                          
  (RO…                                                                          
  (in                                                                           
  tho…                                                                          
  exc…                                                                          
  ROI…                                                                          
        52                                                                      
        Weeks                                                                   
        Ended                                                                   
        Augu…               Augu…                                               
        29,                 30,                                                 
        2026                2025                                                
  Net   $      2,572…       $      2,498…                                       
  inc…                                                                          
  Adj…                                                                          
  Int…         472,6…              475,8…                                       
  exp…                                                                          
  Rent         500,0…              463,0…                                       
  exp…                                                                          
  Tax          (203,…  )           (190,…  )                                    
  eff…                                                                          
  Adj…                                                                          
  aft…  $      3,342…       $      3,246…                                       
  ret…                                                                          
  Ave…  $      8,884…       $      8,948…                                       
  deb…                                                                          
  Ave…                                                                          
  sto…         (2,96…  )           (4,25…  )                                    
  def…                                                                          
  Add:                                                                          
  Rent         3,000…              2,778…                                       
  x                                                                             
  6(1)                                                                          
  Ave…                                                                          
  fin…         415,7…              396,3…                                       
  lea…                                                                          
  lia…                                                                          
  Inv…  $      9,333…       $      7,869…                                       
  cap…                                                                          
  Adj…                                                                          
  Aft…           35.8  %             41.3  %                                    
  ROIC                                                                          
  (1)…                                                                          
  tab…                                                                          
  bel…                                                                          
  out…                                                                          
  the                                                                           
  cal…                                                                          
  of                                                                            
  rent                                                                          
  exp…                                                                          
  and                                                                           
  rec…                                                                          
  rent                                                                          
  exp…                                                                          
  to                                                                            
  tot…                                                                          
  lea…                                                                          
  cos…                                                                          
  per                                                                           
  ASC                                                                           
  842,                                                                          
  the                                                                           
  most                                                                          
  dir…                                                                          
  com…                                                                          
  GAAP                                                                          
  fin…                                                                          
  mea…                                                                          
  for                                                                           
  the                                                                           
  52                                                                            
  wee…                                                                          
  end…                                                                          
  Aug…                                                                          
  29,                                                                           
  202…                                                                          
  and                                                                           
  Aug…                                                                          
  30,                                                                           
  202…                                                                          
        52                                                                      
        Weeks                                                                   
        Ended                                                                   
  (in   Augu…               Augu…                                               
  tho…  29,                 30,                                                 
        2026                2025                                                
  Tot…                                                                          
  lea…                                                                          
  cos…  $      673,1…       $      626,6…                                       
  per                                                                           
  ASC                                                                           
  842                                                                           
  Les…                                                                          
  Fin…                                                                          
  lea…         (125,…  )           (119,…  )                                    
  int…                                                                          
  and                                                                           
  amo…                                                                          
  Les…                                                                          
  Var…                                                                          
  ope…                                                                          
  lea…                                                                          
  com…                                                                          
  rel…         (47,9…  )           (43,7…  )                                    
  to                                                                            
  ins…                                                                          
  and                                                                           
  com…                                                                          
  area                                                                          
  mai…                                                                          
  Rent  $      500,0…       $      463,0…                                       
  exp…                                                                          
  (2)…                                                                          
  tax                                                                           
  rate                                                                          
  for                                                                           
  fis…                                                                          
  2026                                                                          
  and                                                                           
  2025                                                                          
  was                                                                           
  20.…                                                                          
  and                                                                           
  20.…                                                                          
  res…                                                                          
  (3)…                                                                          
  ave…                                                                          
  are                                                                           
  com…                                                                          
  bas…                                                                          
  on                                                                            
  tra…                                                                          
  five                                                                          
  qua…                                                                          
  bal…                                                                          
  Oth…                                                                          
  Sel…                                                                          
  Fin…                                                                          
  Inf…                                                                          
  (in                                                                           
  tho…                                                                          
        Augu…               Augu…                                               
        29,                 30,                                                 
        2026                2025                                                
  Cum…                                                                          
  sha…                                                                          
  rep…                                                                          
  ($    $      40,54…       $      38,51…                                       
  sin…                                                                          
  fis…                                                                          
  199…                                                                          
  Rem…                                                                          
  sha…                                                                          
  rep…         1,606…              632,3…                                       
  aut…                                                                          
  ($)                                                                           
  Cum…                                                                          
  sha…                                                                          
  rep…                                                                          
  (sh…         156,2…              155,6…                                       
  sin…                                                                          
  fis…                                                                          
  199…                                                                          
  Sha…                                                                          
  out…                                                                          
  end          16,173              16,665                                       
  of                                                                            
  qua…                                                                          
        16                  16                  52               52             
        Weeks               Weeks               Weeks            Weeks          
        Ended               Ended               Ended            Ended          
        Augu…               Augu…               Augu…            Augu…          
        29,                 30,                 29,              30,            
        2026                2025                2026             2025           
  Dep…                                                                          
  and   $      220,1…       $      197,4…       $      684,2…    $      613,1…  
  amo…                                                                          
  Cash                                                                          
  flow         1,183…              990,8…              3,302…           3,155…  
  from                                                                          
  ope…                                                                          
  Cap…         498,7…              479,6…              1,496…           1,365…  
  spe…                                                                          
                                                                                
                                                                                
  Aut…                                                                          
  4th                                                                           
  Qua…                                                                          
  Hig…                                                                          
  -                                                                             
  Fis…                                                                          
  2026                                                                          
  Con…                                                                          
  Con…                                                                          
  Sta…                                                                          
  of                                                                            
  Ope…                                                                          
  Sel…                                                                          
  Ope…                                                                          
  Hig…                                                                          
  Sto…                                                                          
  Cou…                                                                          
  &                                                                             
  Squ…                                                                          
  Foo…                                                                          
  Dom…                                                                          
  Beg…                                                                          
  sto…                                                                          
  Sto…                                                                          
  ope…                                                                          
  Sto…                                                                          
  clo…                                                                          
  End…                                                                          
  dom…                                                                          
  sto…                                                                          
  Rel…                                                                          
  sto…                                                                          
  Sto…                                                                          
  with                                                                          
  com…                                                                          
  pro…                                                                          
  Squ…                                                                          
  foo…                                                                          
  (in                                                                           
  tho…                                                                          
  Mex…                                                                          
  Beg…                                                                          
  sto…                                                                          
  Sto…                                                                          
  ope…                                                                          
  End…                                                                          
  Mex…                                                                          
  sto…                                                                          
  Bra…                                                                          
  Beg…                                                                          
  sto…                                                                          
  Sto…                                                                          
  ope…                                                                          
  End…                                                                          
  Bra…                                                                          
  sto…                                                                          
  Tot…                                                                          
  Tot…                                                                          
  Com…                                                                          
  sto…                                                                          
  ope…                                                                          
  net                                                                           
  Squ…                                                                          
  foo…                                                                          
  (in                                                                           
  tho…                                                                          
  Squ…                                                                          
  foo…                                                                          
  per          Augu…              Aug…              Aug…              Aug…      
  sto…           29,               30,               29,               30,      
  Sal…          2026              2025              2026              2025      
  Sta…         6,766              6,5…              6,6…              6,4…      
  ($              97                91               236               196      
  in               -                (1                 -                (1      
  tho…         6,863              6,6…              6,8…              6,6…      
  exc…             2                 4                10                 9      
  sal…         6,443              6,0…              6,4…              6,0…      
  per          45,9…              44,…              45,…              44,…      
  ave…           933               838               883               794      
  squ…  16        68       16       45       52      118       52       89      
  foo…  Weeks  1,001       Weeks   883       Weeks  1,0…       Weeks   883      
  Tot…  Ended    157       Ended   141       Ended   147       Ended   127      
  Aut…  16        10       16        6       52       20       52       20      
  Sto…  Weeks    167       Weeks   147       Weeks   167       Weeks   147      
  (Do…  Ended  8,031       Ended  7,6…       Ended  8,0…       Ended  7,6…      
  Mex…  Augu…    175       Augu…   141       Augu…   374       Augu…   304      
  and   29,    54,6…       30,    51,…       29,    54,…       30,    51,…      
  Bra…  2026   6,806       2025   6,7…  )    2026   6,8…       2025   6,7…  )   
 ────────────────────────────────────────────────────────────────────────────── 
  Sal…                                                                          
  per   $        830       $       823       $      2,5…       $      2,5…      
  ave…                                                                          
  sto…                                                                          
  Sal…                                                                          
  per                                                                           
  ave…  $        122       $       122       $       382       $       374      
  squ…                                                                          
  foot                                                                          
  Dom…                                                                          
  Com…                                                                          
  Tot…                                                                          
  dom…  $      1,91…       $      1,7…       $      5,7…       $      5,2…      
  com…                                                                          
  sal…                                                                          
  %                                                                             
  Inc…           8.6  %            6.0  %           10.6  %            6.7  %   
  vs.                                                                           
  LY                                                                            
  Ave…                                                                          
  sal…                                                                          
  per   $       18.7       $      18.2       $      17.7       $      16.7      
  pro…                                                                          
  per                                                                           
  week                                                                          
  %                                                                             
  Inc…           2.7  %            9.0  %            6.0  %            5.0  %   
  vs.                                                                           
  LY                                                                            
        16                 16                52                52               
        Weeks              Weeks             Weeks             Weeks            
        Ended              Ended             Ended             Ended            
  Same  Augu…              Augu…             Augu…             Augu…            
  sto…  29,                30,               29,               30,              
  sal…  2026               2025              2026              2025             
  (1)                                                                           
  Dom…           1.6  %            4.8  %            3.3  %            3.2  %   
  Int…          10.7  %            2.1  %           13.5  %           (3.2  %)  
  Tot…           2.7  %            4.5  %            4.5  %            2.4  %   
  Com…                                                                          
  Int…                                                                          
  -              1.3  %            7.2  %            2.2  %            9.3  %   
  Con…                                                                          
  Cur…                                                                          
  Tot…                                                                          
  Com…                                                                          
  -              1.5  %            5.1  %            3.2  %            3.9  %   
  Con…                                                                          
  Cur…                                                                          
  (1)                                                                           
  Same                                                                          
  sto…                                                                          
  sal…                                                                          
  are                                                                           
  bas…                                                                          
  on                                                                            
  sal…                                                                          
  for                                                                           
  all                                                                           
  sto…                                                                          
  open                                                                          
  at                                                                            
  lea…                                                                          
  one                                                                           
  yea…                                                                          
  Con…                                                                          
  Cur…                                                                          
  same                                                                          
  sto…                                                                          
  sal…                                                                          
  exc…                                                                          
  the                                                                           
  imp…                                                                          
  of                                                                            
  flu…                                                                          
  of                                                                            
  for…                                                                          
  cur…                                                                          
  exc…                                                                          
  rat…                                                                          
  by                                                                            
  con…                                                                          
  both                                                                          
  the                                                                           
  cur…                                                                          
  year                                                                          
  and                                                                           
  pri…                                                                          
  year                                                                          
  int…                                                                          
  res…                                                                          
  at                                                                            
  the                                                                           
  pri…                                                                          
  year                                                                          
  for…                                                                          
  cur…                                                                          
  exc…                                                                          
  rat…                                                                          
  Inv…                                                                          
  Sta…                                                                          
  (To…                                                                          
  Sto…                                                                          
        as of              as of                                                
        Augu…              Augu…                                                
        29,                30,                                                  
        2026               2025                                                 
  Acc…         111.1  %           114…  %                                       
  pay…                                                                          
  ($                                                                            
  in                                                                            
  tho…                                                                          
  Inv…  $      7,73…       $      7,0…                                          
  Inv…                                                                          
  per            963               918                                          
  sto…                                                                          
  Net                                                                           
  inv…                                                                          
  (net         (861…  )           (99…  )                                       
  of                                                                            
  pay…                                                                          
  Net                                                                           
  inv…          (107  )           (131  )                                       
  sto…                                                                          
        Trai…                                                                   
        5                                                                       
        Quar…                                                                   
        Augu…              Augu…                                                
        29,                30,                                                  
        2026               2025                                                 
  Inv…           1.3  x            1.4  x                                       
  tur…                                                                          
                                                                                
Next Said vs did →

Work on AZO in a spreadsheet: Excel workbook (a sheet per section, ten years by column, charts, links to the filings) · CSV. For a Google Sheet that stays up to date, paste =IMPORTDATA("https://tickdelta.com/company/AZO/export.csv") into a cell.