AutoZone Reports $20.3 Billion In Annual Revenue And $56.05 In Fourth-Quarter Earnings Per Share
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AutoZone reported $20.3 billion in revenue for fiscal 2026, representing a 7.4% increase year over year, as the automotive replacement parts retailer expanded its domestic and international operations. Fourth-quarter revenue increased 5.6% to $6.6 billion, while diluted earnings per share rose to $56.05 from $48.71. The company opened 175 stores during the quarter, bringing its global store count to 8,031 locations. For the 16-week fourth quarter ended August 29, 2026, AutoZone reported $931.6 million in net income, compared with $837 million during the same period in fiscal 2025. Quarterly operating profit increased 10.1% to $1.3 billion. Gross margin improved by 182 basis points to 53.3%, benefiting from tariff refunds and noncash inventory accounting adjustments. Tariff refunds contributed approximately 145 basis points to quarterly gross margin, while net noncash last-in, first-out inventory accounting adjustments provided an additional 105-basis-point benefit. These gains were partially offset by a higher proportion of commercial sales. Operating expenses increased to 33.4% of revenue, compared with 32.4% during the previous year's fourth quarter, reflecting continued investment in growth initiatives. Total company same-store sales increased 2.7% on a reported basis and 1.5% at constant exchange rates. Domestic same-store sales increased 1.6%, while international...
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