AutoZone reported fiscal Q2 net sales of USD 4.3 billion, up 8.1%, with same store sales up 5.2%. Operating profit (EBIT) was USD 698.5 million, down 1.2%, and net income was USD 468.9 million; diluted EPS was USD 27.63. Gross profit margin was 52.5%, down 137 basis points, which AutoZone said was driven by a 138 basis point non-cash LIFO charge, while operating expenses were 36.1% of sales. During Q2, AutoZone repurchased 85 thousand shares for USD 310.8 million and ended the quarter with USD 1.4 billion remaining under its share repurchase authorization. The company opened 64 net new stores globally in the quarter (43 in the U.S., 18 in Mexico, three in Brazil), ending with 7,774 stores, and reiterated expectations to open approximately 350–360 stores in fiscal 2026. Inventory rose 13.1%, which AutoZone attributed primarily to growth initiatives and inflation.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. AutoZone Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202603030655PRIMZONEFULLFEED9664313) on March 03, 2026, and is solely responsible for the information contained therein.