AutoZone Q2 revenue rises but slightly misses estimates

Autozone

03/03/2026 12:04

Overview

Auto parts retailer's Q2 revenue rose 8.1% yr/yr, slightly missing analyst expectations

EPS for Q2 beat analyst expectations

Company opened 64 new stores globally in Q2

Outlook

Company plans to open 350-360 stores globally for the fiscal year

AutoZone focuses on gaining market share in Mexico and Brazil

Company remains committed to increasing earnings and cash flows

Result Drivers

STORE EXPANSION - AutoZone opened 64 net new stores globally, contributing to sales growth

INTERNATIONAL SALES - International same-store sales grew 17.1%, driven by market share gains in Mexico and Brazil

INVENTORY MANAGEMENT - Inventory increased 13.1% due to growth initiatives and inflation

Company press release: ID:nGNXc0kxgn

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Sales
Slight Miss*
$4.27 bln
$4.31 bln (20 Analysts)
Q2 EPS
Beat
$27.63
$27.13 (23 Analysts)
Q2 Net Income
Beat
$468.86 mln
$460.22 mln (19 Analysts)
Q2 Operating profit
Slight Beat*
$698.46 mln
$696.71 mln (20 Analysts)
Q2 Gross Profit
$2.24 bln
Q2 Pretax Profit
$591.25 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 23 "strong buy" or "buy", 6 "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 $4,271.00, about 10% above its March 2 closing price of $3,882.47

The stock recently traded at 24 times the next 12-month earnings vs. a P/E of 25 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)