By Nate Wolf
Shares of AutoZone dropped Tuesday after the automotive parts retailer reported weaker-than-expected quarterly results.
The company posted earnings of $31.04 a share for its fiscal first quarter, missing analysts' consensus call for $32.71, according to FactSet. Same-store sales rose 5.5% from the prior year on a constant currency basis, just below Wall Street's estimate of 5.6%.
AutoZone stock was down 4.2% to $3,607.47 on Tuesday, putting it on pace for its largest single-day decline since April, according to Dow Jones Market Data. AutoZone was among the three worst performers in the S&P 500 in early trading.
While Tuesday marked a sixth straight earnings miss for AutoZone, the retailer has also accelerated same-store sales growth for six consecutive quarters. That run helped power the stock to an 18% return this year as of Monday's close. AutoZone was a Barron's stock pick in March.
AutoZone has also been expanding its footprint, adding 53 net new locations globally in the first quarter.
"We plan to aggressively open stores over the remainder of the fiscal year as we continue our focus on gaining market share," CEO Phil Daniele said in a statement.
Competitors O'Reilly Automotive and Advance Auto Parts were down 2.1% and 5.1%, respectively, on Tuesday.
Write to Nate Wolf at nate.wolf@barrons.com
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(END) Dow Jones Newswires
December 09, 2025 10:40 ET (15:40 GMT)
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