AutoZone Inc

AZO: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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AutoZone Earnings: Unit Expansion and Commercial Mix Drive Near-Term Margin Pressures; Shares Cheap

Brett Husslein

Sep 22, 2026

AutoZone's fourth-quarter results featured a 5.6% net sales increase, with US same-store sales up 1.6%. Diluted EPS rose 15.1% to $56.05, bolstered by a $4.43 tariff refund benefit, while core gross margin fell 68 basis points to 50.8% as commercial sales mix and freight costs offset pricing gains.

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AutoZone Inc

AutoZone Earnings: Unit Expansion and Commercial Mix Drive Near-Term Margin Pressures; Shares Cheap

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