AutoZone Q3 Earnings Beat Estimates but Revenue Miss Sends Shares Down
AutoZone reported fiscal Q3 2026 earnings per share of $38.07, beating the $36.18 consensus, but revenue of $4.84 billion slightly missed the $4.86 billion forecast. Domestic same-store sales grew 4.1%, while international same-store sales rose only 1.6% in constant currency, with Mexico and Brazil underperforming. Shares fell over 10% in early trading. The company opened 82 new stores globally and repurchased $586.3 million in shares.
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AutoZone Stock Plummets on Q3 Sales Miss and Margin Concerns
AutoZone (NYSE: AZO) shares fell 9.6% on Tuesday after the company reported fiscal Q3 results that beat earnings expectations but missed revenue estimates. Earnings per share came in at $38.07, topping analyst forecasts by roughly $1.90, while revenue of $4.84 billion fell $20 million short of the average estimate. The gross margin declined 57 basis points year-over-year to 52.2%, and the company warned of a $30 million headwind from last-in, first-out (LIFO) accounting dynamics, which is expected to reduce earnings per share by roughly $1.40. Despite these pressures, AutoZone plans to open approximately 160 new stores in the current quarter, up from 121 a year ago, with total global openings projected at 365 for the fiscal year. Investors reacted negatively to the margin declines and softer near-term earnings outlook.
Yahoo FinanceAutoZone shares slide on quarterly revenue miss
AutoZone shares fell more than 10% in early trading on Tuesday after the auto parts retailer reported fiscal third-quarter revenue that slightly missed analyst expectations. The company posted adjusted earnings per share of $38.07, beating the consensus estimate of $36.22. Revenue rose 8.4% year-over-year to $4.84 billion, falling short of the $4.86 billion analysts had forecast. Same-store sales increased 3.9% on a constant-currency basis, with domestic same-store sales up 4.1%. During the quarter, AutoZone repurchased 164,000 shares for $586.3 million. Inventory rose 10.8% from the prior year due to growth initiatives and inflation. CEO Phil Daniele noted strong domestic sales growth in both do-it-yourself and commercial segments, while international operations in Mexico and Brazil remained under pressure on a constant-currency basis. The company continues to expand its store footprint and focus on gaining market share.
Yahoo FinanceAutoZone shares slide on quarterly revenue miss
AutoZone shares fell more than 10% in early trading on Tuesday after the company reported fiscal third-quarter revenue that slightly missed analyst expectations. The auto parts retailer posted adjusted earnings per share of $38.07, beating the consensus estimate of $36.22. Revenue rose 8.4% year over year to $4.84 billion, but fell short of the $4.86 billion forecast. Same-store sales increased 3.9% on a constant-currency basis, with domestic same-store sales up 4.1%. The company repurchased 164,000 shares for $586.3 million during the quarter. Inventory rose 10.8% due to growth initiatives and inflation. CEO Phil Daniele noted strong domestic sales growth in both DIY and commercial segments, while international operations in Mexico and Brazil remained under pressure on a constant-currency basis. The company continues to expand its store footprint and focus on gaining market share.
Yahoo FinanceAutoZone shares decline after revenue misses forecasts despite profit beat
AutoZone (NYSE:AZO) shares fell 3.95% in premarket trading after the company reported fiscal third-quarter results that beat earnings expectations but missed revenue forecasts. Adjusted earnings per share came in at $38.07, surpassing analyst estimates of $36.22. Revenue rose 8.4% year-over-year to $4.84 billion, slightly below the $4.86 billion consensus. Domestic same-store sales grew 4.1%, while company-wide same-store sales increased 3.9% on a constant currency basis. Gross margin declined 57 basis points to 52.2%, primarily due to a 77 basis point non-cash LIFO inventory accounting impact. Operating expenses improved to 33.1% of sales from 33.3% a year earlier. Net income rose to $641.5 million from $608.4 million. The company opened 82 new stores globally, bringing its total to 7,856 locations. CEO Phil Daniele highlighted strong execution and customer service, noting the return to an operating margin above 19%.
Yahoo FinanceAutoZone Q3 FY2026 Earnings Beat on Domestic Same-Store Sales Growth
AutoZone reported fiscal third-quarter earnings for the period ended May 9, 2026, beating Wall Street expectations with diluted earnings per share of $38.07, compared to the consensus estimate of $36.18. Net sales rose 8.4% year-over-year to $4.84 billion, slightly missing the $4.86 billion consensus. Domestic same-store sales grew 4.1%, while total company same-store sales increased 3.9% on a constant-currency basis. Operating profit climbed 6.6% to $923.8 million, pushing the operating margin above 19%. International same-store sales rose 16.6% on a reported basis but only 1.6% in constant currency, with Mexico and Brazil underperforming internal targets. The company opened 82 net new stores globally, bringing the total to 7,856. Share buybacks totaled $586.3 million during the quarter. Inventory rose 10.8% to $7.56 billion, driven by growth initiatives and inflation.
Yahoo FinanceAutoZone Q3 FY2026 Earnings Beat on Domestic Same-Store Sales Growth
AutoZone reported fiscal third-quarter earnings for the period ended May 9, 2026, beating Wall Street expectations with diluted EPS of $38.07 versus the $36.18 consensus. Net sales rose 8.4% year-over-year to $4.84 billion, slightly below the $4.86 billion consensus. Domestic same-store sales grew 4.1%, while total company same-store sales increased 3.9% on a constant-currency basis. Operating profit climbed 6.6% to $923.8 million, pushing operating margin above 19%. International same-store sales rose 16.6% on a reported basis but only 1.6% in constant currency, with Mexico and Brazil underperforming targets. The company opened 82 net new stores globally, bringing the total to 7,856. Share buybacks totaled $586.3 million during the quarter. Inventory rose 10.8% to $7.56 billion due to growth initiatives and inflation.
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