Slide 1: 3rd Quarter Earnings Release, FY2023
3rd Quarter Earnings Release, FY2023 AUTOZONE, INC., © 2022 ALL RIGHTS RESERVED. 1
Slide 2: Forward-Looking Statements
Forward-Looking Statements Certain statements contained in this presentation constitute forward-looking statements that are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements typically use words such as “believe,” “anticipate,” “
Slide 3: Third Quarter Fiscal 2023 Conference Call
Third Quarter Fiscal 2023 Conference Call May 23, 2023 AUTOZONE, INC., © 2022 ALL RIGHTS RESERVED. 3
Slide 4: AutoZone Pledge
AutoZone Pledge AutoZoners always put customers first! We know our parts and products. Our stores look great! We’ve got the best merchandise at the right price. AUTOZONE, INC., © 2022 ALL RIGHTS RESERVED. 4
Slide 5: QTD Third Quarter FY 2023 Financial Highlights
QTD Third Quarter FY 2023 Financial Highlights Net Sales +5.8% Domestic SSS +1.9% Diluted weighted shares outstanding decreased 7.0% vs Q3 FY22 During Q3 FY23, we repurchased $908MM in AutoZone stock 12 Weeks Ended 12 Weeks Ended in millions (excluding EPS and percentages) May 6, 2023 May 7,
Slide 6: YTD Third Quarter FY 2023 Financial Highlights
YTD Third Quarter FY 2023 Financial Highlights Net Sales +7.9% Domestic SSS +4.2% Diluted weighted shares outstanding decreased 8.3% vs Q3 FY22 FY23 YTD, we repurchased $2.7 billion in AutoZone stock 36 Weeks Ended 36 Weeks Ended in millions (excluding EPS and percentages) May 6, 2023 May 7,
Slide 7: New Store Highlights
New Store Highlights 12 Weeks Ended 12 Weeks Ended 36 Weeks Ended 36 Weeks Ended May 6, 2023 May 7, 2022 May 6, 2023 May 7, 2022 Domestic: Beginning stores 6,226 6,091 6,168 6,051 Stores opened 22 24 80 65 Stores closed - - - (1) Ending domestic stores 6,248 6,115 6,248 6,115 Relocated stores - 4 4
Slide 8: Commercial Highlights
Commercial Highlights Financial Highlights # of Commercial Programs Total Domestic Commercial Programs 5,526 % increase in programs vs. LY 4.7% 12 Weeks Ended May 6, 2023 Trailing 4 Qtrs Domestic Commercial Sales $1,110.5 $4,541.7 ($ millions) % increase in sales 6.3% 14.4% 12 Weeks Ended May 6, 202
Slide 9: Balance Sheet Highlights
Balance Sheet Highlights As of As of ($ in millions, except per store amounts are in thousands) May 6, 2023 May 7, 2022 H/(L) Inventory $ 5,704 $ 5,313 7.4% Inventory/store $ 810 $ 776 4.3% Inventory, net of payables $ (1,512) $ (1,480) 2.1% Inventory, net of payables/store $ (215) $ (216) (0.7%) In
Slide 10: Building Shareholder Value
Building Shareholder Value Live the Pledge Consistent, steady EPS growth Powerful Free Cashflow generation Disciplined Capital Allocation • Invest to optimize performance of existing assets • Drive growth • Excess cash returned to shareholders Accelerate growth in Commercial and DIY • Hubs
Slide 11: AUTOZONE, INC., © 2022 ALL RIGHTS RESERVED.
AUTOZONE, INC., © 2022 ALL RIGHTS RESERVED. 11