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AutoZone

AZO Q3 2025 Earnings

Reported May 27, 2025 at 6:55 AM ET · SEC Source

Q3 25 EPS

$35.36

BEAT +22.06%

Est. $28.97

Q3 25 Revenue

$4.46B

BEAT +12.06%

Est. $3.98B

vs S&P Since Q3 25

-41.9%

TRAILING MARKET

AZO -18.0% vs S&P +23.9%

Market Reaction

Did AZO Beat Earnings? Q3 2025 Results

AutoZone delivered a blowout fiscal third quarter, posting diluted EPS of $35.36 against a consensus estimate of $28.97, a beat of 22.06%, while net sales of $4.46 billion cleared expectations by 12.06% as the auto parts retailer rode a meaningful ac… Read more AutoZone delivered a blowout fiscal third quarter, posting diluted EPS of $35.36 against a consensus estimate of $28.97, a beat of 22.06%, while net sales of $4.46 billion cleared expectations by 12.06% as the auto parts retailer rode a meaningful acceleration in same-store sales growth. Total company comps rose 5.4% on a constant currency basis, with domestic same-store sales up 5.0% across both DIY and Commercial channels, the latter growing 10.7% to $1.27 billion as AutoZone's hub and mega-hub store investments continue to pull commercial share. The quarter was not without headwinds; gross margin contracted 77 basis points to 52.7%, pressured by higher inventory shrink, distribution center startup costs, and foreign exchange weakness that weighed on reported international results. CFO Jamere Jackson noted that tariffs have had minimal margin impact, with the company prepared to offset future costs through vendor negotiations and sourcing diversification. CEO Phil Daniele signaled confidence that margins will recover as new distribution centers ramp, with the company entering the summer selling season having expanded its store count to 7,516 locations worldwide.

Key Takeaways

  • • Domestic same-store sales growth of 5.0%, accelerating meaningfully from the previous quarter
  • • International same-store sales growth of 8.1% on a constant currency basis
  • • Domestic commercial sales growth of 10.7% year over year
  • • Both DIY and Commercial channels performed well domestically
  • • 84 net new stores opened during the quarter across U.S., Mexico, and Brazil
24/7 Wall St

AZO YoY Financials

Q3 2025 vs Q3 2024, source: SEC Filings

24/7 Wall St

AZO Revenue by Segment

With YoY comparisons, source: SEC Filings

Q3 25 Q3 26

“I would like to thank all of our AutoZoners across the globe for their efforts in delivering strong sales results. We continue to be pleased with our strategy to grow our domestic and international DIY and Commercial sales. Domestically, both DIY and Commercial continued to perform well and sales accelerated meaningfully from the previous quarter. Our international business also continued to deliver strong results, as same store sales grew 8.1% on a constant currency basis. While currency rate moves continued to pressure reported sales and earnings, we believe our international operations are positioned well as we continue to focus on opening more stores in these markets. While our gross margins were pressured this quarter, we believe we will drive improvement as our new distribution centers ramp up and we continue to drive higher merchandise margins. We are excited about our momentum heading into the last quarter of the fiscal year, and we are well prepared for our summer selling season. As we continue to invest aggressively in our business, we remain committed to achieving our targeted return on capital for each investment. Our disciplined approach of increasing earnings and cash flow will deliver strong shareholder value.”

— Phil Daniele, Q3 2025 Earnings Press Release

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