AutoZone Q2 Earnings Call Highlights

Management also provided an outlook for LIFO charges. Jackson said year-to-date LIFO charges totaled $157 million and that the company was “planning a LIFO charge of approximately $60 million for each of the remaining two quarters” of fiscal 2026. He said the company expects about $277 million of LIFO charges this year versus $64 million last year, citing higher costs tied to tariffs that are affecting LIFO layers.Gross margin was 52.5%, down 137 basis points versus the prior year. Jackson attributed nearly ...