Home / Business and Economy / AutoZone Earnings Beat Estimates, Revenue Misses
AutoZone Earnings Beat Estimates, Revenue Misses
22 Sep
Summary
- AutoZone's Q4 adjusted EPS of $56.05 surpassed analyst forecasts.
- Net sales of $6.6 billion fell short of the $6.71 billion estimate.
- Gross margin expanded to 53.3% due to tariff refunds and LIFO impact.
AutoZone Inc. announced fourth-quarter results that exceeded analyst profit expectations, with adjusted earnings per share coming in at $56.05 against a consensus of $54.30. The automotive parts retailer's net sales for the quarter ended August 29, 2026, reached $6.6 billion, falling slightly short of the $6.71 billion estimate, yet representing a 5.6% increase from the previous year.
The company's gross margin saw a notable expansion, rising 182 basis points to 53.3%. This improvement was primarily driven by tariff refunds and a non-cash LIFO impact. Despite facing a difficult selling environment during the initial weeks of the quarter, AutoZone's domestic same-store sales increased by 1.6% on a constant currency basis.
For the full fiscal year, AutoZone successfully opened 374 new stores, contributing to annual sales of $20.3 billion, a 7.4% year-over-year increase. Management indicated that sales results strengthened in the latter part of the fourth quarter, positioning the company for continued sales growth in fiscal year 2027.
