AutoZone, Inc. Q4 2026 Earnings Recap

AutoZone shares rose 1.4%, a relatively muted reaction to mixed results: total sales grew 5.6%, but same-store sales increased just 1.5% and domestic DIY comps declined 0.6%. Management said the domestic business was below expectations and forecast relatively flat same-store sales in Q1.

Key Takeaways

• Total company same-store sales grew 1.5% on a constant-currency basis; domestic comps were up 1.6%.
• Domestic DIY comps fell 0.6%, as roughly 5% average-ticket growth was offset by traffic declines. Domestic retail comps were essentially flat in August after running negative earlier in the quarter.
• Domestic commercial sales grew 8.6% in Q4 and nearly 11% for FY 2026, supported by improved inventory availability and hub coverage.
• Q1 same-store sales are expected to be relatively flat, with average-ticket growth around 5%.
• AutoZone opened 374 stores in FY 2026, up from 304 the prior year; Q4 EPS rose 15.1%, including a $96 million ($4.43 per share) benefit from IEEPA tariff refunds.