AutoZone Stock Drops Amid Missed Sales Estimates Despite Earnings Beat
AutoZone (NYSE: AZO) stock fell nearly 10% on May 26, 2026, following its Q3 earnings report. While the company beat EPS estimates at $38.07 with revenue of $4.84 billion, sales missed analyst forecasts by $20 million and gross margins declined slightly to 52.2%. Investors were also concerned about a projected $1.40 per share headwind from accounting adjustments.
Tickers: $AZO
Topics: q3_earnings sales_miss stock_drop