AZO · 10-K filed 27 Oct 2025 · year to 30 Aug 2025

AutoZone

23 named things its latest annual report says its results depend on, each in the company's own words. 17 of them are also named by other companies we've read.

Read the filing on SEC.gov ↗

Customers

Commercial repair garages and fleet customers

earns from · 6,098 of our domestic storesnamed as a risk

At August 30, 2025, in 6,098 of our domestic stores as well as the vast majority of our stores in Mexico and Brazil, we had a commercial sales program that provides prompt delivery of parts and other products and commercial credit to local, regional and national repair garages, dealers, service stations, fleet owners and other accounts.Business (Item 1)

Vehicles seven years old and older

earns fromnamed as a risk

Vehicles seven years old or older are generally no longer under the original vehicle manufacturers’ warranties and tend to need more maintenance and repair than newer vehicles.Risk factors (Item 1A)

Suppliers

Single largest vendor (unnamed)

depends on · 13 percent of our total purchases

In fiscal 2025, one class of similar products accounted for approximately 14 percent of our total revenues, and one individual vendor provided 13 percent of our total purchases.Business (Item 1)

Also named by RH

Other companies

Original vehicle manufacturers' telematics and repair information restrictions

named as a risk

These restrictions may cause vehicle owners to rely on dealers to perform maintenance and repairs.Risk factors (Item 1A)

ALLDATA

earns from

Additionally, we sell the ALLDATA brand of automotive diagnostic, repair, collision and shop management software through www.alldata.com.Business (Item 1)

Duralast

earns from

A key differentiating component versus our competitors is our exclusive line of in-house brands, which includes Duralast and the family of Duralast brands, Econocraft, ProElite, ShopPro, SureBilt, TotalPro, TruGrade and Valucraft.Business (Item 1)

Places

Mexico

operates in · 883 stores in Mexiconamed as a risk

We began operations in 1979 and at August 30, 2025, operated 6,627 stores in the United States (“U.S.”), 883 stores in Mexico and 147 stores in Brazil.Business (Item 1)

Also named by AAP, AME, AMRC, ANET, AOS, ARES, AYI, BBY and 83 more

California

concentrated in · 681named as a risk

For example, we have significant operations in California and other states, where serious drought has made water less available and more costly and has increased the risk of wildfires.Risk factors (Item 1A)

Also named by A, AAON, AFRM, ALK, ALLY, AN, ARE, AVAV and 88 more

Brazil

operates in · 147 stores in Brazilnamed as a risk

For example, the sale and distribution of parts and products in Mexico and Brazil requires the ability to adapt our merchandising and marketing strategies to account for, among other things, different vehicles in operation in local markets and different consumer behaviors with respect to aftermarket automotive repair.Risk factors (Item 1A)

Also named by ADM, ASO, BALL, CPAY, CPRT, CTVA, DE, DOV and 32 more

Texas

concentrated in · 736

Total Domestic stores 6,627Business (Item 1)

Also named by ABR, AFRM, ALLY, AN, ASO, ASTS, ATO, AXP and 70 more

Florida

concentrated in · 455

Total Domestic stores 6,627Business (Item 1)

Also named by ABR, ALLY, AN, AXP, BBY, BJ, BRO, CELH and 54 more

China

depends onnamed as a risk

Additionally, we have offices in Shanghai, China and Istanbul, Turkey to support our global sourcing efforts.Business (Item 1)

Also named by A, AA, AAOI, AAP, AAPL, AB, ADI, AEHR and 261 more

Memphis, Tennessee

operates in

All store support functions are centralized in our store support centers located in Memphis, Tennessee; Monterrey, Mexico; Chihuahua, Mexico; Sao Paulo, Brazil; and Gurugram, India.Business (Item 1)

Also named by FDX, FFIV, IDXX

Hazards

Wildfires

operates innamed as a risk

Also named by AAON, AMRC, BRK/B, CCI, CDNS, CINF, CNP, COST and 17 more

Commodities and inputs

Mexican peso

exposed to its price · $893.1 millionnamed as a risk

We are exposed to Brazilian reals, Canadian dollars, euros, Chinese yuan renminbi and British pounds, but our primary foreign currency exposure arises from Mexican peso-denominated revenues and profits and their translation into U.S. dollars.Market risk (Item 7A)

Also named by AYI, BAX, CCK, CDRE, CP, DCH, EZPW, FCFS and 14 more

Imported merchandise

depends on · approximately 13% of our purchasesnamed as a risk

We directly imported approximately 13% of our purchases in fiscal 2025, but many of our domestic vendors directly import their products or components of their products.Risk factors (Item 1A)

Also named by DLTR

Fuel prices

exposed to its pricenamed as a risk

Increases in fuel and energy prices may cause our customers to defer purchases of certain of our products as they use a higher percentage of their income to pay for fuel and other energy costs and may drive their vehicles less, resulting in less wear and tear and lower demand for repairs and maintenance.Risk factors (Item 1A)

Also named by AN, CPAY, ORLY

Regulators

National Labor Relations Board (NLRB)

subject tonamed as a risk

Further, the National Labor Relations Board (NLRB) has issued decisions making it easier for employees to organize.Risk factors (Item 1A)

Also named by BBW, BBY, DKS, FDX, FDXF, ODFL, QSR, RRGB and 3 more

Laws and programs

Foreign Corrupt Practices Act

subject tonamed as a risk

Risks inherent in international operations also include potential adverse tax consequences, changes to tariffs, trade policies and trade agreements, compliance with the Foreign Corrupt Practices Act and local anti-bribery and anti-corruption laws, greater difficulty in obtaining and enforcing intellectual property rights, challenges to identify and gain access to local suppliers, and possibly misjudging the response of consumers in foreign countries to our product assortment and marketing strategy.Risk factors (Item 1A)

Also named by A, ADBE, ADP, AIR, AJG, ALB, AME, AMZN and 112 more

U.S. tariffs on imports

subject tonamed as a risk

During fiscal 2025, new global trade tariffs were announced on imports to the United States, including additional tariffs on various countries from which the Company directly or indirectly imports and/or sources merchandise, including Canada, China and Mexico, among others.Risk factors (Item 1A)

Also named by AAP, ABT, ALLY, ATR, BBW, BWA, CMG, DG and 19 more

Payment Card Industry Data Security Standard

subject to

Our program is informed by industry standards, including the National Institute of Standards and Technology (NIST) Cyber Security Framework (CSF), the American National Standards Institute encryption standards and the Payment Card Industry Data Security Standard, among others.Cybersecurity (Item 1C)

Also named by ABNB, BJ, BKNG, CASH, CASY, COST, DOV, EBAY and 20 more

Hazardous materials disposal regulations (used oil and battery recycling)

subject to

These laws and regulations relate to, among other things, the marketing and sale of products; proper handling and disposal of hazardous materials, particularly in connection with our used oil, oil filter and battery recycling programs; occupational health and safety; environmental matters; labor and employment; employee wages and benefits; information security and data privacy; real property; financial reporting and disclosure; antitrust and fair competition; international trade and transportation, logistics and delivery operations.Business (Item 1)

Technology

Electric vehicles

named as a risk

Increased prevalence of electric vehicles, whether due to changes in consumer preferences or regulatory actions incentivizing the purchase of electric vehicles, can result in less frequent parts failures and reduced need for parts.Risk factors (Item 1A)

Also named by AAP, ALB, BWA, GPC, LKQ, ON, PRM, SUN and 1 more