AutoZone Inc. (AZO) reported that its third-quarter net income increased about 6.8% to $265.58 million, from $248.57 million in the year ago quarter. Earnings increased 15.8% to $7.27 per share from $6.28 per share in the year-ago quarter. Analysts polled by Thomson Reuters expected the company to report earnings of $7.23 per share for the quarter. Analysts' estimates typically exclude special items.
The Company's inventory increased 6.3% over the same period last year, driven by an increase in store count and continued strategic investments in hard parts assortment. Net inventory, defined as merchandise inventories less accounts payable per store was a negative $63 thousand versus negative $48 thousand last year.
Net sales for the quarter were $2.20 billion, an increase of 4.5% from the prior year's $2.11 billion. Sixteen analysts had consensus revenue estimate of $2.22 billion for the quarter. Domestic same store sales, or sales for stores open at least one year, decreased 0.1% for the quarter.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.