AutoZone Reports Strong Fiscal 2026 Results with Record Sales
AutoZone reported strong fiscal 2026 results, driven by robust sales growth and improved operational performance. Fourth-quarter sales rose 5.6% to $6.6 billion, while diluted earnings per share increased 15.1% to $56.05. The company attributed part of its success to a $96 million benefit from tariff refunds and improvements in inventory management and delivery capabilities. For the full fiscal year, AutoZone achieved record sales of $20.3 billion with earnings per share growing 5.3% to $152.55. The company opened 374 new stores during the year, including 175 locations in Q4 alone. Commercial sales remained a key growth driver, increasing nearly 11% for the full fiscal year and contributing significantly to domestic auto-parts revenue. Looking ahead, AutoZone plans continued expansion with over 40 Mega Hub openings expected in fiscal 2027 and around 400 global store openings overall. The company anticipates modest same-store sales growth but remains optimistic about long-term opportunities as inflation moderates.
Tickers: $AZO
Topics: AutoZone EPS Increase Q4 Earnings Sales Growth Store Expansion