AutoZone (AZO) risk factors: FY2025 10-K

1. The current global economic and geopolitical landscape has increased uncertainty about key areas of doing business internationally and may have a negative impact on our business.new
2. If demand for our products slows, then our business may be materially adversely affected.
3. If we are unable to compete successfully against other businesses that sell the products that we sell, we could lose customers and our sales and profits may decline.
4. We may not be able to sustain our historic rate of sales growth.
5. If we cannot profitably increase our market share in the commercial auto parts business, our sales growth may be limited.
6. Our business depends upon hiring, training and retaining qualified employees, including members of management and other key personnel.
7. Inability to acquire and provide quality merchandise at competitive prices could materially adversely affect our sales and results of operations.
8. We are subject to risks associated with products sourced outside the U.S.
9. Disruptions in our supply chain and other factors affecting the distribution of our merchandise could adversely impact our business.
10. Our success in international operations is dependent on our ability to manage the unique challenges presented by international markets.
11. Business interruptions may negatively impact our operating hours, operability of our computer and other systems, availability of merchandise and otherwise have a material adverse effect on our sales and our business.
12. Our failure to protect our brand and reputation could have an adverse effect on our relationships with our customers, AutoZoners, suppliers, vendors and other stakeholders, thereby negatively impacting sales and profitability.

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1. Failure to maintain the security of sensitive personal information or other confidential information in our possession could subject us to litigation or regulatory enforcement action, cause reputational harm and cause us to incur substantial costs or have a material adverse impact on our business and financial condition.
2. We are subject to a complex and evolving body of laws and regulations regarding data privacy and may face increased costs as a result of changes in, enforcement of, or the adoption of new laws and regulations. These costs may have a material adverse impact on our business and results of operations.

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1. We are self-insured for certain costs associated with our operations and an increase in our insurance claims and expenses may have a material negative impact on us.
2. A downgrade in our credit ratings or a general disruption in the credit markets could make it more difficult for us to access funds, refinance our debt, obtain new funding or issue debt securities.

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1. Our business, results of operations, financial condition and cash flows may be adversely affected by the adoption of new laws, changes to existing laws, increased enforcement activity or other governmental actions.
2. We may be adversely affected by legal, regulatory or market responses to global climate change.
3. We may be unable to achieve the goals and aspirations set forth in our Corporate Responsibility report, particularly with respect to the reduction of GHG emissions, or otherwise meet the expectations of our stakeholders with respect to corporate responsibility matters.reworded
4. Our business, financial condition, results of operations and cash flows may be affected by litigation.

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1. Significant changes in macroeconomic and geopolitical factors could materially adversely affect our financial condition and results of operations.

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