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AutoZone AZO Auto Parts Locations — Labor And Related Expense

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CCBGLabor And Related Expense
$25.7M-2.1%

Other financials

Income statement

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Revenue$4.8B+8.4%
Gross profit$2.5B+7.3%
Operating income$923.8M+6.6%
Net income$641.5M+5.4%
EPS (diluted)$38.07+7.7%

Balance sheet

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Cash & equivalents$253.7M-5.5%
Total debt$12.6B+3.6%
Total equity-$2.8B+29.9%
Total assets$20.9B+12.3%

Cash flow

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Operating cash flow$2.1B-2.1%
CapEx$997.5M+12.6%
Free cash flow$1.1B-12.3%

Valuation

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Market cap$49.94B-18.3%
Enterprise value$62.32B-14.7%
P/E20.2×-3.7×
P/S2.5×-0.7×

Profitability

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Gross margin51.8%-1.2pp
Operating margin18%-1.6pp
Net margin12.4%-1.2pp
FCF margin25.6%

Returns & leverage

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Return on equity-73.3%
Debt / equity-4.5×
Current ratio0.9×0.0×

Where this comes from

Reported directly by AutoZone in its filing.

Tagged under the XBRL concept us-gaap:LaborAndRelatedExpense.

The official record: AutoZone’s 10-Q, filed June 12, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is AutoZone's auto parts locations — labor and related expense?
AutoZone (AZO) reported auto parts locations — labor and related expense of $2.86B in Q1 2026.
How has AutoZone's auto parts locations — labor and related expense changed year-over-year?
AutoZone's auto parts locations — labor and related expense increased by 8.5% year-over-year, from $2.63B to $2.86B.
What does auto parts locations — labor and related expense mean?
This includes all wages, benefits, and payroll-related taxes for store-level employees. It is a critical component of operating expenses that directly impacts store-level profitability.