AUTOZONE INC

Claire R. McDonough has informed AutoZone, Inc. that she will not seek reelection to the Board of Directors at the upcoming 2026 Annual Meeting of Stockholders. This decision stems from her acceptance of a new executive position at a different company, which presents scheduling conflicts with AutoZone's board meetings. AutoZone expressed gratitude for her contributions and noted that her departure is amicable and not due to any disagreements.

AutoZone announced the promotion of Grace Sharpley to Senior Vice President, Finance, effective July 10, 2026. Sharpley, a 12-year AutoZoner, will also join the Company’s Executive Committee and report to Chief Financial Officer Jamere Jackson. Her previous roles include Vice President, Merchandising Pricing and Analysis, and other leadership positions in Audit, Finance, and Strategy.

AutoZone, Inc. entered into an underwriting agreement on July 7, 2026, with several underwriters including BofA Securities, J.P. Morgan Securities, Truist Securities, and U.S. Bancorp Investments. Pursuant to this agreement, the company will issue and sell $850,000,000 aggregate principal amount of 4.950% Notes due 2031. The agreement contains customary representations, warranties, and conditions to closing.

AutoZone, Inc. announced that its Board of Directors authorized an additional $1.5 billion for its ongoing share repurchase program. This new authorization brings the total amount approved for share repurchases to $42.2 billion since the program began in 1998. CFO Jamere Jackson highlighted the company's disciplined capital allocation, which supports growth investments, share buybacks, and maintaining investment-grade credit ratings. As of May 26, 2026, AutoZone operated a total of 7,856 stores across the U.S., Mexico, and Brazil.

AutoZone Inc. reported a strong third quarter with net sales increasing by 8.4% to $4.84 billion and diluted earnings per share rising by 7.7% to $38.07. For the thirty-six weeks ended May 9, 2026, net sales grew by 8.3% to $13.74 billion, while net income saw a slight decrease. The company continued its share repurchase program, buying back $1.3 billion of common stock year-to-date and repaid $400 million in senior notes.

AutoZone, Inc. reported strong financial results for its third quarter ended May 9, 2026, with net sales increasing 8.4% to $4.8 billion and diluted earnings per share rising to $38.07. The company achieved a 5.5% increase in total company same store sales, driven by robust domestic performance in both DIY and Commercial segments. AutoZone continued its growth strategy by opening 82 new stores globally and repurchased $586.3 million of its common stock.

AutoZone, Inc. announced it will release its third-quarter results for the period ended May 9, 2026, before market open on Tuesday, May 26, 2026. The company will also host a one-hour conference call on the same day at 10:00 a.m. ET to discuss the financial performance. Investors can access the webcast and supporting slides via AutoZone's website or listen by phone, with a telephone replay available through June 23, 2026.