Earnings Call
May 26, 2026
Q2 FY2026
EPS Estimate
36.22
EPS Actual
27.63
Post-Earnings Close
$3100.11
Earnings Reaction
-9.0%
AutoZone's fiscal Q2 2026 results were defined less by the headline numbers and more by the story underneath them: a business running at double-digit commercial growth for ten of twelve weeks, derailed in the final stretch by severe winter weather that shuttered shops across a wide swath of the country. Total sales grew 8.1% year-over-year to $4.3 billion, domestic same-store sales rose 3.4%, and commercial DIFM sales increased 9.8%, all solid figures on their face, but management was emphatic that the underlying run rate was materially stronger. In weeks 10 and 11 of the quarter, when ice storms swept from Texas through Tennessee and up to the Mid-Atlantic, commercial comps collapsed to just over 1%; the other ten weeks of the quarter ran above 12%. That weather distortion, combined with a $59 million non-cash LIFO charge, drove reported EBIT down 1.2% and EPS down 2.3% to $27.63, a slight beat versus the $27.59 consensus estimate, though revenue of $4.27 billion came in modestly below the roughly $4.30, $4.31 billion expected.
Report generated on May 25, 2026
AI-generated earnings analysis. Not investment advice.
Chief Executive Officer
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
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