AZO
FY2026 Q3 · Calendar Q2 2026
AutoZone, Inc.
AutoZone's Q3 FY26 results show a company whose top line narrowly missed consensus even as EPS beat by 5.1%, driven by double-digit commercial growth and aggressive store expansion. Gross margin compressed to 52.2% under a $20M LIFO charge, and management flagged a sharper FY26 LIFO total of $207M versus $64M last year. The market reacted with an abnormal decline of roughly 10%, apparently penalizing the revenue miss and margin headwinds despite management's confident tone and maintained guidance. The mega-hub rollout is tracking ahead of plan and remains the core strategic lever.
EPS surprise+5.1%
Market move-9.0%
