AutoZone (AZO) Q4 2026 Earnings
Includes a 145 basis point gross margin benefit from tariff refunds and a 105 basis point net non-cash LIFO impact in Q4
How Did AZO Stock React to Q4 2026 Earnings?
Did AZO Beat Earnings? Q4 2026 Results
Yes. AutoZone reported Q4 2026 earnings of $56.05 a share on Sep 22, 2026, beating the $54.14 consensus estimate by 3.5%. Revenue was $6.6B against a $6.7B estimate.
AutoZone delivered a mixed but ultimately encouraging set of fourth-quarter fiscal 2026 results, beating profit expectations even as revenue fell short of what Wall Street had anticipated. The auto parts retailer posted GAAP diluted EPS of $56.05, ahead of the $54.14 consensus estimate by 3.53%, though the figure includes a 145 basis point gross margin benefit from tariff refunds and a 105 basis point favorable non-cash LIFO impact that investors should weigh accordingly. Net sales of $6.59 billion rose 5.6% year-over-year but came in below the $6.71 billion consensus, a gap that reflected a difficult selling environment in the first eight weeks of the quarter before trends strengthened later in the period. Gross margin expanded 182 basis points to 53.3%, the primary force behind the earnings beat, while domestic commercial sales climbed 8.6% to $1.91 billion. CEO Phil Daniele struck an optimistic tone looking ahead, saying the company expects sales to accelerate across its U.S., Mexico, and Brazil operations in fiscal 2027, a forecast analysts had already flagged as a potential inflection point for the stock.
- Tariff refunds contributed 145 basis points to Q4 gross margin
- Net non-cash LIFO impact contributed 105 basis points to Q4 gross margin
- Domestic same-store sales increased 1.6% in Q4
- International same-store sales increased 10.7% (1.3% constant currency) in Q4
- Domestic commercial sales grew 8.6% year-over-year in Q4
- Sales trends strengthened in the back half of the quarter after a difficult first eight weeks
“I want to thank our entire organization for delivering another quarter of sales and earnings growth. In spite of a difficult selling environment the first eight weeks of our quarter, we remained committed to executing on our strategies to grow both our domestic and international businesses. Over the last eight weeks of the quarter our sales results strengthened, and we feel we are well positioned for sales growth in fiscal 2027.”
AutoZone CEO, on the earnings call
What Is AutoZone's Outlook?
CEO Phil Daniele stated the company is well positioned for sales growth in fiscal 2027, expecting sales in each of the three countries in which it operates (U.S., Mexico, Brazil) to accelerate in the new fiscal year. Sales trends strengthened in the back half of Q4 after a difficult first eight weeks.
AZO YoY Financials
| Metric | Q4 2026 | Q4 2025 | Year over year |
|---|---|---|---|
| Revenue | $6.6B | $6.2B | +5.6% |
| Gross Profit | $3.5B | $3.2B | +9.4% |
| Operating Income | $1.3B | $1.2B | +10.1% |
| Net Income | $931.6M | $836.9M | +11.3% |
AZO Revenue by Segment
When Does AutoZone Report Next?
Figures from SEC filings and company reports. Not investment advice.