Slide 1: 2nd Quarter Earnings Release, FY2024
2nd Quarter Earnings Release, FY2024 AUTOZONE, INC., © 2024 ALL RIGHTS RESERVED. 1
Slide 2: Forward-Looking Statements
Forward-Looking Statements Certain statements contained herein 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,” “should,” “inte
Slide 3: Second Quarter Fiscal 2024 Conference Call
Second Quarter Fiscal 2024 Conference Call February 27, 2024 AUTOZONE, INC., © 2024 ALL RIGHTS RESERVED. 3
Slide 4: AUTOZONE, INC., © 2024 ALL RIGHTS RESERVED.
AUTOZONE, INC., © 2024 ALL RIGHTS RESERVED. 4
Slide 5: QTD Second Quarter FY 2024 Financial Highlights
QTD Second Quarter FY 2024 Financial Highlights Net Sales +4.6% Total Company SSS +1.5%; Domestic SSS +0.3%; International SSS +10.6% (Constant Currency(1)) Diluted weighted average shares outstanding decreased 7.8% vs Q2 FY23 During Q2 FY24, we returned $224MM to our shareholders through sh
Slide 6: YTD Second Quarter FY 2024 Financial Highlights
YTD Second Quarter FY 2024 Financial Highlights Net Sales +4.9% Total Company SSS +1.8%; Domestic SSS +0.8%; International SSS +10.7% (Constant Currency(1)) Diluted weighted average shares outstanding decreased 7.5% vs Q2 FY23 FY24 YTD, we repurchased $1.7 billion in AutoZone stock 24 Weeks
Slide 7: Growth Priorities
Growth Priorities U.S. Retail (DIY) U.S. Commercial (DIFM) International AUTOZONE, INC., © 2024 ALL RIGHTS RESERVED. 7
Slide 8: New Store Highlights
New Store Highlights 12 Weeks Ended 12 Weeks Ended 24 Weeks Ended 24 Weeks Ended February 10, 2024 February 11, 2023 February 10, 2024 February 11, 2023 Domestic: Beginning stores 6,316 6,196 6,300 6,168 Stores opened 19 30 36 58 Stores closed (3) - (4) - Ending domestic stores 6,332 6,226 6,332 6,2
Slide 9: Domestic Commercial Highlights
Domestic Commercial Highlights Financial Highlights # of Commercial Programs Total Domestic Commercial Programs 5,823 % increase in programs vs. LY 5.9% 12 Weeks Ended February 10, 2024 Trailing 4 Qtrs Domestic Commercial Sales $980.1 $4,682.6 ($ millions) % increase in sales 2.7% 4.6% 12 Weeks Ende
Slide 10: Balance Sheet Highlights
Balance Sheet Highlights As of As of ($ in millions, except per store amounts are in thousands) February 10, 2024 February 11, 2023 Higher/(Lower) Inventory $ 5,970 $ 5,731 4.2% Inventory/store $ 830 $ 817 1.6% Inventory, net of payables $ (1,180) $ (1,590) (25.8%) 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 Commercial and DIY • Hub
Slide 12: AUTOZONE, INC., © 2024 ALL RIGHTS RESERVED.
AUTOZONE, INC., © 2024 ALL RIGHTS RESERVED. 12