Q4 Earnings Roundup: Thor Industries Posts $0.78 EPS as AutoZone Revenue Reaches $6.6 Billion

The Quick Take

• Thor Industries Q4 EPS of $0.78 beats estimates as RV demand stabilises into fiscal year-end
• AutoZone Q4 revenue reached $6.6 billion with EPS of $56.05 missing consensus modestly
• Both results highlight discretionary consumer spending resilience despite elevated rate pressures

Thor Industries (NYSE: THO) reported Q4 fiscal year 2026 earnings of $0.78 per share on revenue of approximately $2.31 billion, providing an update on the recreational vehicle sector as the industry navigates normalising demand following the post-pandemic boom. Separately, AutoZone (NYSE: AZO) reported Q4 revenue of $6.6 billion with earnings per share of $56.05, missing consensus estimates modestly while demonstrating continued strength in the do-it-yourself auto parts category. Both companies serve distinct consumer segments but together offer a data point on discretionary spending durability.

Thor Industries has been managing through a prolonged RV inventory correction, with dealers working down elevated stock levels that accumulated during 2023 and 2024. Fiscal year 2026 results suggest the worst of the inventory digestion phase may be passing, with wholesale shipments beginning to align more closely with retail demand. AutoZone's slight earnings miss reflects pressure from higher interest rates on consumer willingness to defer professional repair services, alongside growing competition in the commercial auto parts segment from O'Reilly and Advance Auto Parts.

For investors, both reports offer meaningful data points on discretionary consumer health in an elevated rate environment. Thor's stable EPS despite revenue pressure signals operational leverage is being preserved even at lower volumes, aided by disciplined manufacturing cost management. AutoZone's long-term compounding story through aggressive share buybacks remains intact, with management continuing to reduce the share count consistently. GurFocus assigns both stocks elevated GF Scores, flagging each as potentially undervalued relative to intrinsic value estimates.

Synthesized from 2 sources.