Auto parts retailer AutoZone slightly misses Q1 sales estimates

Autozone

09/12/2025 12:04

Overview

AutoZone Q1 net sales up 8.2% yr/yr but slightly missed analyst expectations

Adjusted EPS for Q1 missed consensus, reflecting increased operating expenses

Company repurchased 108,000 shares for $431.1 mln under share buyback program

Outlook

Company plans to open more stores throughout the fiscal year

Result Drivers

STORE EXPANSION - AutoZone opened 53 new stores globally, contributing to sales growth

SAME STORE SALES - Strong same store sales growth, particularly internationally, with 11.2% increase

GROSS MARGIN IMPACT - Gross margin decreased due to a 212 basis point non-cash LIFO impact

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
Slight Miss*
$4.63 bln
$4.64 bln (20 Analysts)
Q1 EPS
Miss
$31.04
$32.51 (23 Analysts)
Q1 Net Income
Miss
$530.82 mln
$549.94 mln (19 Analysts)
Q1 Operating profit
Miss
$784.21 mln
$815.45 mln (20 Analysts)
Q1 Gross Profit
$2.36 bln
Q1 Like-For-Like
22.00%
Q1 Pretax Profit
$677.94 mln


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 26 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the auto vehicles, parts & service retailers peer group is "buy"

Wall Street's median 12-month price target for Autozone Inc is $4,700.00, about 24.8% above its December 8 closing price of $3,766.96

The stock recently traded at 23 times the next 12-month earnings vs. a P/E of 25 three months ago

Press Release: ID:nGNXzHFbL

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)