10-Q quarterly report · filed Jun 13, 2025

AutoZone (AZO) Q2 2025 10-Q Quarterly Report

Short answer

AutoZone (AZO) filed its Q2 2025 10-Q quarterly report on Jun 13, 2025 for the quarter ended May 10, 2025. Quarterly revenue was $4.5B (up 5.4% year over year) with net income of $608M.

Q2 2025 key financials · XBRL

Revenue
$4.5B
+5.4% YoY · +13.0% QoQ
Net income
$608M
−6.6% YoY · +24.7% QoQ
Operating margin
19.4%
Gross margin
52.7%
EPS (diluted)
$35.34
−3.5% YoY · +24.8% QoQ

Source: XBRL data from the AutoZone (AZO) Q2 2025 10-Q on SEC EDGAR. USD.

AutoZone Q2 2025 10-Q analysis

AI summary of MD&A and risk factor updates

Risk Factors

  • New risk: Extended Revolving Credit Agreement termination to Nov 15, 2028, increasing exposure to credit market conditions and refinancing risk
  • Most materially updated risk: Higher self-insurance expenses and new distribution center startup costs increased operating expenses, impacting operating margin
  • Regulatory risk: Senior Notes accelerated repayment triggers include change of control plus rating event, raising refinancing risk under specific legal covenant conditions
  • Operational risk: Supply chain disruptions and inventory shrinkage pressure gross margin, while store expansion requires significant capital expenditures ($885.6M YTD)
  • Financial risk: Increased average borrowings $9.1B vs $8.5B prior year with net interest expense $327.7M vs $298.4M; accounts payable to inventory ratio at 115.6% supports working capital but relies on supplier terms

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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