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Segment Reporting

12 Months Ended

Aug. 30, 2025

Segment Reporting

Segment Reporting

Note P – Segment Reporting

The Company is a leading retailer and distributor of automotive parts and accessories through the Company’s 7,657 stores in the Americas. The Company adopted ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures, during the fourth quarter of fiscal 2025.

The Company determines its segments based on how the business is managed and evaluated. During the fourth quarter of fiscal 2025, the Company combined all its previously defined operating segments into a single operating and reportable segment to align with how the Company is currently managed and evaluated. This single operating segment includes all operations which are designed to enable customers to purchase products seamlessly in stores and from our online platforms. We carry an extensive product line for cars, sport utility vehicles, vans and light duty trucks, including new and remanufactured automotive hard parts, maintenance items, accessories and non-automotive products. The Company’s chief operating decision maker (“CODM”), the Chief Executive Officer, regularly reviews consolidated net income, as well as significant segment expenses included in the table below, to evaluate performance and allocate resources. The CODM also evaluates consolidated actual results versus forecasts, budgets and prior year results. The measure of segment assets is reported as “Total assets” on the Consolidated Balance Sheets as of August 30, 2025, and August 31, 2024. Expenditures for long-lived segment assets are reported as “Capital Expenditures” on the Consolidated Statements of Cash Flows for the fiscal years ended 2025, 2024 and 2023. Segment information for previous periods has been recast to conform to the current-period presentation.

​

The following table represents significant expenses that are regularly provided to the CODM for the following fiscal years:

​

​	​	​	​	​	​	​	​	​	​
​	​	Year Ended
​		August 30,			August 31,			August 26,
(in thousands)	​	2025		​	2024		​	2023
​	​	​	​	​	​	​	​	​	​
Auto Parts Segment		​			​			​
Net sales	​	$	18,938,717	​	$	18,490,268	​	$	17,457,209
Cost of sales, including warehouse and delivery expenses	​	​	8,972,243	​	​	8,673,216	​	​	8,386,787
Gross profit	​	​	9,966,474	​	​	9,817,052	​	​	9,070,422
Less:	​	​	​	​	​	​	​	​	​
Compensation expense(1)	​	​	3,858,570	​	​	3,708,476	​	​	3,471,566
Rent expense(2)	​	​	478,106	​	​	456,862	​	​	410,975
Depreciation & amortization	​	​	544,117	​	​	498,391	​	​	451,522
Advertising expense	​	​	109,531	​	​	102,656	​	​	99,510
Other segment expenses(3)	​	​	1,365,994	​	​	1,261,959	​	​	1,162,863
Interest expense, net	​	​	475,824	​	​	451,578	​	​	306,372
Income tax expense	​	​	636,085	​	​	674,703	​	​	639,188
Consolidated net income	​	$	2,498,247	​	$	2,662,427	​	$	2,528,426
​	​	​	​	​	​	​	​	​	​
Auto Parts Segment Sales by Product Grouping:	​			​			​
Failure	​	$	9,291,584	​	$	8,979,152	​	$	8,407,690
Maintenance items	​		6,807,347	​		6,618,494	​		6,223,620
Accessories and other	​		2,839,786	​		2,892,622	​		2,825,899
Auto Parts net sales	​	$	18,938,717	​	$	18,490,268	​	$	17,457,209

​

(1) Compensation expense includes operating, selling, general and administrative expenses for payroll expense, benefits, related taxes, share-based compensation and other employee costs.

(2) Rent expense includes rent and variable operating lease components, related to insurance and common area maintenance included in selling, general and administrative expenses. Rent expense related to supply chain is included in cost of sales, including warehouse and delivery expenses.

(3) Other segment items include vehicle expense, utilities expense, real estate taxes and insurance expense, service charges and other operating expenses.

​

The following table presents the Company’s net sales classified by geography:

​

​	​	​	​	​	​	​	​	​	​
​	​	Year Ended
​	​	August 30,		​	August 31,		​	August 26,
(in thousands)	​	2025		​	2024		​	2023
​	​	​	​	​	​	​	​	​	​
In the United States	​	$	16,671,606	​	$	16,219,570	​	$	15,619,789
Outside the United States	​	​	2,267,111	​	​	2,270,698	​	​	1,837,420
Total	​	$	18,938,717	​	$	18,490,268	​	$	17,457,209

​

The following table presents the Company’s long-lived assets, consisting primarily of property and equipment, less accumulated depreciation and amortization and operating lease right-of-use assets, classified by geography:

​

​	​	​	​	​	​	​
​	​	August 30,		​	August 31,
(in thousands)	​	2025		​	2024
​	​	​	​	​	​	​
In the United States	​	$	8,847,597	​	$	8,222,624
Outside the United States	​	​	1,409,578	​	​	1,018,695
Total	​	$	10,257,175	​	$	9,241,319

​

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- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

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