AutoZone Reports Q4 Adjusted Earnings Beat Despite Revenue Miss
AutoZone (NYSE:AZO) reported fourth-quarter adjusted earnings per share of $56.05, surpassing the analyst consensus estimate of $54.30. However, revenue came in at $6.6 billion, below the expected $6.71 billion. Despite missing sales forecasts, AutoZone's shares rose 2% in premarket trading due to strong earnings performance and improved gross margins. The company reported a domestic same-store sales increase of 1.6%, with overall same-store sales rising by 1.5%. Gross margin expanded significantly to 53.3%, driven partly by tariff refunds and LIFO accounting adjustments, though higher operating expenses offset some gains. For the full fiscal year ending August 29, AutoZone's revenue increased by 7.4% to $20.3 billion as it opened 374 new stores. CEO Phil Daniele noted improved sales in the latter half of the quarter and expressed confidence for growth in fiscal 2027 despite a challenging initial period.
Tickers: $AZO
Topics: automotive financial_performance retail