AutoZone AZO Leasehold improvements

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Questions, answered.

What is AutoZone's leasehold improvements?

AutoZone (AZO) reported leasehold improvements of $1.08B in Q2 2025.

How has AutoZone's leasehold improvements changed year-over-year?

AutoZone's leasehold improvements increased by 17.3% year-over-year, from $922.47M to $1.08B.

What is the long-term trend for AutoZone's leasehold improvements?

Over 5 years (2020 to 2025), AutoZone's leasehold improvements has grown at a 13.0% compound annual growth rate (CAGR), from $586.84M to $1.08B.

What does leasehold improvements mean?

This represents the capitalized costs of improvements made to leased properties, such as store renovations or interior build-outs. These costs are amortized over the shorter of the lease term or the useful life of the improvement. It reflects the company's investment in leased retail environments to maintain brand standards and customer experience.