AutoZone Inc

AZO: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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AutoZone Earnings: Commercial Momentum Persists, but Margin Pressure Lingers; Shares Fairly Valued

Kristoffer Inton

May 26, 2026

AutoZone's third-quarter results featured an 8.4% increase in net sales growth, a 3.9% constant-currency same-store sales increase, and EPS of $38.07, up 7.7%. Gross margin contracted 57 basis points to 52.2%, as a 77-basis-point LIFO charge related to tariffs offset stronger merchandise margins.

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AutoZone Inc

AutoZone Earnings: Commercial Momentum Persists, but Margin Pressure Lingers; Shares Fairly Valued

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