AutoZone (NYSE: AZO) Reports Earnings Beat Despite Revenue Miss

• AutoZone (NYSE: AZO) reported fiscal fourth-quarter EPS of $56.05, beating analyst expectations of about $54.08.
• Net income rose to $931.6 million, up from $837.0 million a year earlier.
• Revenue increased 5.6% to $6.59 billion, but came in slightly below analyst estimates of about $6.7 billion.

AutoZone (NYSE: AZO) is a leading U.S. retailer of automotive replacement parts and accessories, serving both do-it-yourself customers and commercial repair shops. The company competes with major auto parts retailers such as O'Reilly Automotive (NASDAQ: ORLY) and Advance Auto Parts (NYSE: AAP).

On September 22, 2026, AutoZone (NYSE: AZO) reported fiscal fourth-quarter earnings of $56.05 per share, above analyst expectations of about $54.08. This was also higher than the $48.71 per share reported in the same quarter last year.

Net income rose to $931.6 million, compared with $837.0 million a year earlier. The EPS gain was supported by stronger profitability and the company’s long-running share repurchase program, which reduces the number of shares outstanding.

Revenue increased 5.6% year over year to $6.59 billion, but missed expectations of about $6.7 billion. Same-store sales rose 2.7%, while constant-currency same-store sales increased 1.5%.

AutoZone’s balance sheet remains unusual because years of large buybacks have contributed to negative shareholder equity. Because of that, the company’s negative debt-to-equity ratio is not very useful as a traditional leverage measure. Its current P/E ratio is closer to 19x.