Autozone, Inc. · NYSE:AZO
Autozone — Q2 2025 Earnings Presentation
12 slides from Autozone's earnings presentation, Mar 4, 2025
Slide 1: 2nd Quarter Earnings Release, FY2025
2nd Quarter Earnings Release, FY2025 AUTOZONE, INC., © 2025 ALL RIGHTS RESERVED. 1
Slide 2: Forward-Looking Statements
Forward-Looking Statements Certain statements herein constitute forward-looking statements that are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and typically use words such as “believe,” “anticipate,” “should,” “intend,” “plan,” “will,” “expect,” “es
Slide 3: Second Quarter Fiscal 2025 Conference Call
Second Quarter Fiscal 2025 Conference Call March 4, 2025 AUTOZONE, INC., © 2025 ALL RIGHTS RESERVED. 3
Slide 4: AUTOZONE, INC., © 2025 ALL RIGHTS RESERVED.
AUTOZONE, INC., © 2025 ALL RIGHTS RESERVED. 4
Slide 5: Second Quarter FY 2025 – GAAP
Second Quarter FY 2025 – GAAP Financial Highlights ✓ Net Sales +2.4% ✓ Total Company SSS +2.9%; Domestic SSS +1.9%; International SSS +9.5% (Constant Currency)(1) ✓ Diluted weighted average shares outstanding decreased 3.3% vs Q2 FY24 ✓ During Q2 FY25, we repurchased $329 million in AutoZone stock 1
Slide 6: YTD Second Quarter FY 2025 – GAAP
YTD Second Quarter FY 2025 – GAAP Financial Highlights ✓ Net Sales +2.3% ✓ Total Company SSS +2.4%; Domestic SSS +1.0%; International SSS +11.5% (Constant Currency) (1) ✓ Diluted weighted average shares outstanding decreased 4.0% vs Q2 FY24 ✓ FY25 YTD, we repurchased $834.6 million in AutoZone stock
Slide 7: Growth Priorities
Growth Priorities U.S. Retail (DIY) U.S. Commercial (DIFM) International AUTOZONE, INC., © 2025 ALL RIGHTS RESERVED. 7
Slide 8: New Store Highlights
New Store Highlights During Q2 FY25, we expanded our US footprint 47% compared to Q2 FY24. We also continued our international expansion efforts by opening new stores in Mexico and Brazil. In Mexico, our footprint increased 8.3% as compared to Q2 FY24, while in Brazil, our store count has increased
Slide 9: Domestic Commercial Highlights
Domestic Commercial Highlights Financial Highlights # of Commercial Programs Total Domestic Commercial Programs 5,962 % increase in programs vs. LY 2.4% 12 Weeks Ended February 15, 2025 Trailing 4 Qtrs (1) Domestic Commercial Sales $1,051.8 $4,989.7 ($ millions) % increase in sales 7.3% 6.6% 12 Week
Slide 10: Balance Sheet Highlights
Balance Sheet Highlights As of As of ($ in millions, except per store amounts are in thousands) February 15, 2025 February 10, 2024 Higher/(Lower) Inventory $ 6,589 $ 5,970 10.4% Inventory/store $ 887 $ 830 6.8% Inventory, net of payables $ (1,196) $ (1,180) 1.4% Inventory, net of payables/store $ (
Slide 11: Building Shareholder Value
Building Shareholder Value ✓ Live the Pledge ✓ Consistent, steady EPS growth ✓ Powerful Free Cash Flow generation ✓ Disciplined Capital Allocation • Invest to optimize performance of existing assets • Drive growth • Excess cash returned to shareholders ✓ Accelerate growth in Domestic Commercial and
Slide 12: AUTOZONE, INC., © 2025 ALL RIGHTS RESERVED.
AUTOZONE, INC., © 2025 ALL RIGHTS RESERVED. 12