10Lun·

Auto Zone Q3'25 Earnings Snapshot

$AZO (-1,92 %)


🔹 Revenue: $1.384B (Est. $1.35B) 🟢; +3.0% YoY

🔹 Diluted EPS: $1.14 (Est. $1.04) 🟢; +14% YoY

🔹 Comp sales: -0.9% (vs -4.9% last year) 🟢

🔹 eCommerce: +22.2%

🔹 New stores: 11 opened in Q3; new stores comping high single digits


2025 Guide (updated):

🔹 Adj EPS: $5.65–$6.15 (Prior mid. $5.80) 🟢

🔹 Gross margin: 34.3%–34.5% (low end raised from 34.0%) 🟢

🔹 Net sales: $6.03B–$6.20B (narrowed) 🟡

🔹 Comp sales: -2.0% to 0.0%


🔹 GAAP EPS: $5.35–$5.85

🔹 Tax rate: ~23.5%

🔹 Capex: $180M–$210M

🔹 Adj FCF: $250M–$300M


Balance Sheet & Capital Return:

🔹 Cash: $289.5M

🔹 Inventory: $1.70B; +11.6% YoY (per store units -0.3%, dollars +3.1%)

🔹 Debt: $481.3M

🔹 YTD buybacks: $99.9M

🔹 YTD dividends: $26.0M; Q4 dividend declared at $0.13/share

🔹 Store base: 317 locations; 24 opened in 2025, planning 20–25 more in 2026

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