The 1.6% domestic same-store sales deceleration vs 4.8% last year is the key negative signal, offsetting the EPS beat. Watch for the next quarter's same-store sales trajectory and whether the 1.6% deceleration is a trend or a one-off due to the first eight weeks of the quarter.
Price Chart
Executive Summary
AutoZone reported Q4 fiscal Q4 2026 (16 weeks ended Aug 29, 2026) diluted EPS of $56.05, up 15.1% YoY from $48.71 last year, on net sales of $6.59B, up 5.6% YoY. The quarter was a beat vs consensus of $54.54, a +2.77% beat. Total company same-store sales (constant currency) were 1.5% vs 5.1% last year, a notable deceleration. Full-year FY 2026 annual sales were $20.3B, up 7.4% YoY, with annual EPS of $152.55, up 5.3% YoY. The quarter's gross margin was 53.3% vs 52.6% last year, a 182bps improvement driven by tariff refunds and LIFO, but operating expense deleverage to 33.4% vs 32.4% last year. The stock will move on the deceleration in domestic same-store sales to 1.6% vs 4.8% last year, despite the EPS beat.
Key Financial Metrics
Key Facts
- Q4 EPS $56.05 vs consensus $54.54, a +2.77% beat
- Revenue $6.59B, up 5.6% YoY, vs consensus $6.70B, a -1.6% miss
- Domestic same-store sales +1.6% vs 4.8% last year, a 320bps deceleration
- Gross margin 53.3% vs 52.6% last year, a 182bps improvement
- Operating expenses deleveraged to 33.4% vs 32.4% last year
- FY 2026 annual revenue $20.3B, +7.4% YoY
- FY 2026 annual EPS $152.55, +5.3% YoY
- Repurchased 223k shares for $697.5M in Q4; $2.0B for FY
- Remaining authorization $1.6B remaining
- Opened 175 new stores in Q4, 374 for FY
- Inventory +10.1% YoY
Financial Impact
Revenue $6.59B revenue, EPS $56.05, gross margin 53.3%
Risk Factors
- Domestic same-store sales deceleration to 1.6% from 4.8% last year
- Operating expense deleverage to 33.4% vs 32.4% last year
- International constant currency same-store sales +1.3% vs 7.2% last year
- Inventory turns 1.3x vs 1.4x last year
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001171843-26-006159 |
| Document: f8k_092126.htm | 0001171843-26-006159 |
| Document: 0001171843-26-006159-index-headers.html | 0001171843-26-006159 |
| Document: 0001171843-26-006159-index.html | 0001171843-26-006159 |
| Document: 0001171843-26-006159.txt | 0001171843-26-006159 |
| 8-K Data (Synthetic) | 0001171843-26-006159 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 today | 8-K | $3,217.95 | awaiting T+20 | — | $3,190.07 (−0.87%) |
Oct 26, 2026 today | Press Release | $3,217.95 | awaiting T+20 | — | $3,190.07 (−0.87%) |
Oct 22, 2026 4d ago | Institutional Cluster | $3,200.76 | awaiting T+20 | — | $3,190.07 (+0.33%) |
Oct 9, 2026 17d ago | 8-K | $2,898.85 | awaiting T+20 | — | $3,190.07 (+10.05%) |
Sep 22, 2026 4w ago | 8-K | $2,894.73 $3,160.18 | ▲ +9.17% | ▲ +9.73% | $3,190.07 (+10.20%) |
Sep 22, 2026 4w ago | Press Release | $2,894.73 $3,160.18 | ▲ +9.17% | ▲ +9.73% | $3,190.07 (+10.20%) |
Aug 24, 2026 9w ago | Press Release | $3,027.34 | awaiting T+20 | — | $3,190.07 (+5.38%) |
Jul 9, 2026 15w ago | 8-K | $3,072.64 $3,127.29 | ▲ +1.78% | ▼ −0.65% | $3,190.07 (+3.82%) |
Jul 7, 2026 15w ago | 424B5 | $3,074.86 $2,990.27 | ▼ −2.75% | ▼ −4.08% | $3,190.07 (+3.75%) |
Jul 7, 2026 15w ago | S-3ASR | $3,074.86 $2,990.27 | ▼ −2.75% | ▼ −4.08% | $3,190.07 (+3.75%) |
US Market Status
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