AutoZone, Inc. (AZO) Earnings Call Transcripts

AutoZone, Inc.'s Latest Earnings Call - Q3 FY2026

In AutoZone's Q3 FY 2026 earnings call, the company reported a significant revenue increase of 8.4% year-over-year, reaching $4.8 billion, and earnings per share (EPS) rose by 7.7% to $38.07. Management highlighted strong domestic commercial sales growth of 10.4% and a solid same-store sales increase of 4.1%. Despite a $20 million LIFO charge impacting margins, the company remains optimistic about future performance, maintaining its guidance for continued growth in the upcoming quarter and fiscal year. The outlook suggests a focus on expanding store openings and enhancing market share, particularly in the commercial segment.

Reported metrics

Guidance from management

Management expects continued growth in Q4, with same-store sales anticipated to remain strong despite potential weather impacts. They are committed to maintaining their capital expenditure plans at approximately $1.6 billion for the upcoming year.

What management said

Yes. It's a great question. As we mentioned a minute ago, we think the inflation rates and ticket average rates will probably be a little more muted than they were in Q3 in that probably 4% range. So we still think that inflation on a same SKU basis will continue into Q4. The issue around lubricants, I know there's a lot of noise out there. We're going to leave that up to the oil specialists to really say what that m...

Yes. We -- I mean, we're under shared in commercial in total. That's both in national accounts, what we call up and down the street and many other segments that we compete in. The national account business is growing pretty strong for us as well as the up and down the street consumer. We like both of those segments, and we think we have opportunities to grow share in both of them. Yes, there's a little bit of a sprea...

What analysts pressed on

Analysts expressed concerns regarding the impact of inflation on future sales and the potential slowdown in same-store sales growth as the company laps prior inflationary periods. There were also questions about the sustainability of commercial sales growth amidst competitive pressures.

Main topics on the call

• Revenue Growth Acceleration — AutoZone achieved a revenue growth of 8.4%, marking the largest increase since Q2 FY 2023. Management stated, "Simply put, we're growing. We're opening more stores than we have in many, many years, and we continue to gai...
• Commercial Sales Strength — Domestic commercial sales grew by 10.4%, driven by improved inventory availability and execution. Management noted, "We feel very good about how we are performing as we head into Q4."
• Impact of Weather on Sales — Sales in the last two weeks of the quarter were softer due to unseasonably cool weather, impacting heat-related categories. Management indicated that this slowdown was temporary, stating, "We expect to have solid DIY per...
• International Market Performance — International same-store sales grew by 1.6% on a constant currency basis, with management expressing confidence in future growth as they continue to invest in international expansion. They stated, "We expect our sales to...

Read the full AutoZone, Inc. transcript (Q3 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 35 AutoZone, Inc. earnings call transcripts on record, spanning March 3, 2020 to May 26, 2026. Based on this history, AutoZone, Inc. reports quarterly. The most recent call on file is dated May 26, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

AZO

Exchange

NYSE

Country

US

Sector

Consumer Discretionary

Industry

Specialty Retail

Calls on record

35

First call

March 3, 2020

Most recent

May 26, 2026

Reporting cadence

quarterly