AutoZone reported strong sales acceleration in Q4 2025, driven by robust domestic commercial and international growth, while aggressively expanding its store footprint and supply chain capabilities for future market share gains. The company navigated significant non-cash LIFO charges and foreign currency headwinds, emphasizing strategic investments over short-term GAAP impacts.
- Domestic commercial sales surged 12.5% on a 16-week basis, marking continued acceleration, significantly bolstered by the strategic expansion of 14 new mega hubs in Q4, bringing the total to 133, with plans for 25-30 more in FY26 to enhance parts availability and delivery speed.
- AutoZone achieved a record 304 net new store openings globally in FY25, the most since 1996, including 109 international locations, and projects an even more aggressive pace of 325-350 new stores in The Americas for FY26, underscoring strong international constant currency comp growth of 7.2%.
- The company made substantial strategic investments, deploying $1.4 billion in CapEx in FY25 (with similar plans for FY26) into accelerated store growth, new distribution centers, and technology; notably, excluding a non-cash $80 million LIFO charge, Q4 EPS would have climbed 8.7% on a 16-week basis, showcasing underlying financial health.