AutoZone reported stronger-than-expected fourth-quarter results on September 22, sending shares up 3.26% for the session. Net sales rose 5.6% year over year to $6.6 billion, operating profit climbed 10.1% to $1.3 billion, and net income reached $931.6 million, up from $837 million a year earlier, while diluted earnings per share rose to $56.05 from $48.71. Gross profit as a percentage of sales reached 53.3%, up 182 basis points, helped by a 145-basis-point benefit from tariff refunds and a 105-basis-point net non-cash LIFO benefit, partly offset by a higher commercial mix. The company opened 175 new locations in the quarter, including 16 new Mega Hub stores in the US, bringing its total to 8,031 stores as of August 29, and management said sales momentum strengthened in the final eight weeks of the quarter and that it is well positioned for sales growth in fiscal 2027. Even so, the stock remained down nearly 30% over the past 12 months, and of the 31 analysts covering the company, 84% rate it a Buy with a median 12-month price target of $3,914.50.
AutoZone IncAutoZone's Q4 profit and EPS topped estimates with net income up to $931.6M and gross margin boosted by tariff refunds and LIFO benefit.
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