AutoZone Shares Rise Despite Revenue Miss; Advance Auto Parts and O’Reilly Automotive Also Climb
AutoZone (NYSE:AZO) reported fourth-quarter earnings per share of $56.05, exceeding the consensus estimate by $1.75 but missing revenue expectations with net sales of $6.6 billion versus a projected $6.71 billion. Despite falling short on top-line growth, shares rose 6% in after-hours trading as investors focused more on strong profit performance and management's positive outlook for fiscal 2027. The market reaction extended to peers Advance Auto Parts (NYSE:AAP) and O’Reilly Automotive (NASDAQ:ORLY), which saw their stocks rise by 6% and 4%, respectively, even though neither company released its own earnings report. The broader consumer discretionary sector showed little movement, with the XLY ETF remaining flat. AutoZone CEO Phil Daniele noted that sales improved in the second half of the quarter despite a challenging environment early on, suggesting momentum for future growth.
Topics: Advance Auto Parts AutoZone O'Reilly Automotive stock market reaction