Citable filing context
AZO's research view summarizes recent SEC filing context, starting with debt_offering from Jul 14, 2026.
| Filed | Item | Context |
|---|---|---|
| Jul 14, 2026 | debt_offering | AutoZone issued $850 million in 4.950% senior notes due 2031. |
| Jul 9, 2026 | debt_offering | AutoZone entered into an underwriting agreement to issue $850 million of 4.950% senior notes due 2031. |
| Jun 16, 2026 | share_repurchase | AutoZone's Board authorized the repurchase of an additional $1.5 billion of the company's common stock. |
| May 26, 2026 | Guidance: new_store_openings | 355.00 to 365.00 |
| Jun 12, 2026 | mda_quarterly | AutoZone reported net sales of $4.8 billion for the twelve weeks ended May 9, 2026, an 8.4% increase driven by 3.9% constant currency same-store sales and a 10.4% rise in domestic commercial sales to $1.4 billion. Operating profit grew 6.6% to $923.8 million, though results were tempered by a $36 million unfavorable non-cash LIFO impact. Failure and maintenance categories remain the primary revenue drivers, representing 85% of the sales mix. Long-term growth correlates with a 1.1% increase in U.S. miles driven and an average vehicle age of 12.8 years. The company is managing regulatory volatility following the U.S. Supreme Court's invalidation of IEEPA tariffs and the subsequent introduction of new tariffs. Capital allocation focuses on growth initiatives, including new stores and hub/mega hub expansions, with capital expenditures reaching $997.5 million over thirty-six weeks. Shareholder returns totaled $1.3 billion in stock repurchases during the same period. While the adjusted debt to EBITDAR ratio held steady at 2.5:1, adjusted after-tax ROIC decreased to 36.3% from 43.5% year-over-year. Liquidity is supported by $253.7 million in cash and $2.2 billion in undrawn revolving credit capacity. |
| Mar 20, 2026 | mda_quarterly | Net sales for the twelve weeks ended February 14, 2026, increased 8.1% to $4.3 billion, driven by 3.3% constant currency same-store sales and a 9.8% rise in domestic commercial sales. Operating profit decreased 1.2% to $698.5 million, primarily due to a 138 basis point unfavorable non-cash LIFO charge that reduced gross margin to 52.5%. Net income fell 3.9% to $468.9 million. Failure and maintenance categories comprise 85% of the sales mix. Market growth remains tied to the average U.S. vehicle age of 12.8 years and a 0.9% increase in miles driven. Capital expenditures totaled $652 million over twenty-four weeks, focusing on new stores and hub and mega hub expansions. Liquidity is supported by $285.5 million in cash and $2.2 billion in undrawn revolving credit, facilitating $741.7 million in share repurchases over twenty-four weeks. Adjusted ROIC declined to 37.6% from 45.5% year-over-year, while the adjusted debt to EBITDAR ratio held steady at 2.5:1. Key risks include macroeconomic inflation, consumer debt levels, and uncertainty surrounding new U.S. tariffs following recent Supreme Court invalidations. |
| Dec 19, 2025 | mda_quarterly | AutoZone reported net sales of $4.6 billion for the twelve weeks ended November 22, 2025, an 8.2% increase driven by 4.7% constant currency same-store sales growth and a 14.5% surge in domestic commercial sales to $1.3 billion. Despite revenue growth, operating profit declined 6.8% to $784.2 million, primarily due to a $98 million unfavorable non-cash LIFO impact. Net income fell 6.0% to $530.8 million, with diluted EPS at $31.04. Failure and maintenance categories continue to dominate the sales mix at 86%. Long-term growth remains correlated with the average light vehicle age of 12.8 years and a 1.0% increase in U.S. miles driven. Capital expenditures rose to $314.2 million, focused on new store openings and hub and mega hub expansions. While liquidity is supported by $2.2 billion in undrawn revolving credit, adjusted ROIC decreased to 39.6% from 47.7% year-over-year. The company maintains a high accounts payable to inventory ratio of 115.6% to optimize working capital. Primary risks include inflation, consumer debt levels, and potential credit rating downgrades that could limit supplier financing arrangements. |
Source: SEC EDGAR filing text and events; period Jul 14, 2026; filed Jul 14, 2026.
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