What is the market impact of AUTOZONE INC's 10-K filing?

AutoZone's 10-K confirms the buyback engine is accelerating ($2.0B vs. $1.6B prior year) while comps remain healthy at 4.5% — a rare combination of growth and aggressive capital return at scale. Markets closed — no regular-session reaction yet; extended-hours move not captured here. AZO last traded at $3,190.07, down 0.33% on the day before the 10-K dropped.

What are the key takeaways from AUTOZONE INC's 10-K filing?

FY2026 net sales hit $20.339B, up 7.4% YoY, with domestic same-store sales rising 3.3%. • Diluted EPS reached $152.55, up 5.3% from $144.87 in FY2025, aided by share count dropping to 16.865M. • Gross margin was 52.3%; operating margin came in at 18.3% on $3.723B operating profit. • International comps surged 13.5% reported (2.2% constant currency), reversing FY2025's -3.2% decline. • Share repurchases totaled $2.013B in FY2026, up from $1.578B in FY2025, with shares outstanding down to 16.094M as of October 2026.

$AZO 10-K — AUTOZONE INC | Position Tracker

Summary

AutoZone filed its 10-K for the fiscal year ended August 29, 2026, reporting net sales of $20.339B (+7.4% YoY), net income of $2.573B, and diluted EPS of $152.55. Total company same-store sales rose 4.5%, with domestic up 3.3% and international up 13.5% reported (2.2% constant currency). Gross margin was 52.3% and operating margin 18.3%. The company repurchased $2.013B in shares during the year, reducing diluted share count to 16.865M. Store count reached 8,031 (6,863 domestic, 1,001 Mexico, 167 Brazil), including 172 domestic mega hubs.

Key points

FY2026 net sales hit $20.339B, up 7.4% YoY, with domestic same-store sales rising 3.3%.
Diluted EPS reached $152.55, up 5.3% from $144.87 in FY2025, aided by share count dropping to 16.865M.
Gross margin was 52.3%; operating margin came in at 18.3% on $3.723B operating profit.
International comps surged 13.5% reported (2.2% constant currency), reversing FY2025's -3.2% decline.
Share repurchases totaled $2.013B in FY2026, up from $1.578B in FY2025, with shares outstanding down to 16.094M as of October 2026.

Financial results

PeriodFY2026

ResultBeat

Revenue$20.339B

Revenue YoY+7.4%

EPS$152.55

Net income$2.573B

Gross margin52.3%

Op. margin18.3%

Market impact

Markets closed — no regular-session reaction yet; extended-hours move not captured here. AZO last traded at $3,190.07, down 0.33% on the day before the 10-K dropped.

Why this matters

AutoZone's 10-K confirms the buyback engine is accelerating ($2.0B vs. $1.6B prior year) while comps remain healthy at 4.5% — a rare combination of growth and aggressive capital return at scale.

Sector context

AutoZone's 4.5% total company comp growth and 52.3% gross margin continue to outpace the broader auto-parts retail sector, where peers face margin pressure from mix shifts. The mega-hub expansion (172 domestic, up 39 YoY) reinforces the commercial-segment moat against O'Reilly and Advance Auto Parts.

Risk factors

Tariffs and trade policy shifts remain a key risk, with the filing noting $127.6M in IEEPA tariff refunds received in FY2026 — signaling material exposure. Supply chain disruption, wage inflation, and foreign exchange volatility (international constant-currency comps at just 2.2% vs. 13.5% reported) also flagged.

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