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Feb 14
Autozone Q2 2026 Earnings Report
AutoZone reported higher sales with margin pressure and lower earnings in Q2 2026.
Key Takeaways
AutoZone delivered revenue growth of 8.1% in the second quarter driven by same-store sales growth and commercial strength, but gross margin compression and slightly higher operating expenses led to a decline in operating profit and net income year over year.
Revenue increased 8.1% year over year to $4.27 billion.
Gross margin declined 137 basis points due to a non-cash LIFO charge.
Domestic same-store sales grew 3.4%, while international constant currency comps rose 2.5%.
Operating profit declined 1.2% year over year.
Revenue by Segment
Forward Guidance
The company expects to continue expanding store count and gaining market share while maintaining a disciplined capital allocation strategy.
Positive Outlook
- Planned opening of approximately 350-360 stores for the full fiscal year.
- Continued focus on commercial sales growth.
- Commitment to disciplined capital allocation.
- Ongoing share repurchase authorization of $1390469.
- International market share gains in Mexico and Brazil.
Challenges Ahead
- Gross margin pressure from LIFO impacts.
- Operating expense deleverage from growth investments.
- Inventory increased 13.1% year over year.
- Net income declined year over year.
- Operating profit declined year over year.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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