The EPS beat and gross margin expansion are positive, but the revenue miss vs consensus and modest domestic same-store sales growth (1.6%) warrant monitoring. Watch for fiscal 2027 guidance on the conference call, particularly commentary on sales momentum and tariff impacts.
Price Chart
Executive Summary
AutoZone reported Q4 fiscal 2026 EPS of $56.05, beating the $53.89 consensus by 4.0%, on revenue of $6.59B (vs $6.70B consensus, a -1.6% miss). Same-store sales grew 1.5% on a constant-currency basis, and gross margin expanded 182 bps to 53.3% driven by tariff refunds and LIFO benefits. The company repurchased $697.5M in stock during the quarter and guided for sales acceleration in fiscal 2027.
Key Financial Metrics
Key Facts
- Q4 diluted EPS of $56.05 vs consensus $53.89 (beat by 4.0%)
- Q4 net sales of $6.59B vs consensus $6.70B (miss by 1.6%)
- Domestic same-store sales +1.6%; total company same-store sales +2.7% (+1.5% constant currency)
- Gross margin expanded 182 bps to 53.3%, driven by 145 bps from tariff refunds and 105 bps net non-cash LIFO impact
- Operating profit increased 10.1% to $1.32B; net income rose 11.3% to $931.6M
- Repurchased 223K shares for $697.5M in Q4; $1.6B remaining under buyback authorization
- Opened 175 new stores in Q4 (97 US, 68 Mexico, 10 Brazil); total store count 8,031
- Inventory increased 10.1% YoY; net inventory per store improved to -$107K from -$131K
- CEO cited strengthening sales over the last 8 weeks of the quarter and expects sales acceleration in fiscal 2027
Financial Impact
EPS beat of $2.16 (+4.0%) on $6.59B revenue; gross margin expansion of 182 bps; $697.5M in share repurchases
Risk Factors
- Revenue miss of ~$110M vs consensus despite EPS beat
- Domestic same-store sales decelerated to 1.6% from 4.8% in prior-year Q4
- Operating expenses deleveraged 100 bps to 33.4% of sales due to growth initiatives
- Inventory increased 10.1% YoY, potentially signaling demand uncertainty
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3366114 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 1d ago | 8-K | $3,217.95 | awaiting T+20 | — | $3,143.27 (−2.32%) |
Oct 26, 2026 1d ago | Press Release | $3,217.95 | awaiting T+20 | — | $3,143.27 (−2.32%) |
Oct 22, 2026 4d ago | Institutional Cluster | $3,200.76 | awaiting T+20 | — | $3,143.27 (+1.80%) |
Oct 9, 2026 17d ago | 8-K | $2,898.85 | awaiting T+20 | — | $3,143.27 (+8.43%) |
Sep 22, 2026 5w ago | 8-K | $2,894.73 $3,160.18 | ▲ +9.17% | ▲ +9.73% | $3,143.27 (+8.59%) |
Sep 22, 2026 5w ago | Press Release | $2,894.73 $3,160.18 | ▲ +9.17% | ▲ +9.73% | $3,143.27 (+8.59%) |
Aug 24, 2026 9w ago | Press Release | $3,027.34 | awaiting T+20 | — | $3,143.27 (+3.83%) |
Jul 9, 2026 15w ago | 8-K | $3,072.64 $3,127.29 | ▲ +1.78% | ▼ −0.65% | $3,143.27 (+2.30%) |
Jul 7, 2026 16w ago | 424B5 | $3,074.86 $2,990.27 | ▼ −2.75% | ▼ −4.08% | $3,143.27 (+2.22%) |
Jul 7, 2026 16w ago | S-3ASR | $3,074.86 $2,990.27 | ▼ −2.75% | ▼ −4.08% | $3,143.27 (+2.22%) |
US Market Status
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