Slide 1: 1st Quarter Earnings Release, FY2024
1st Quarter Earnings Release, FY2024 AUTOZONE, INC., © 2023 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: First Quarter Fiscal 2024 Conference Call
First Quarter Fiscal 2024 Conference Call December 5, 2023 AUTOZONE, INC., © 2023 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., © 2023 ALL RIGHTS RESERVED. 4
Slide 5: First Quarter FY 2024 Financial Highlights
First Quarter FY 2024 Financial Highlights Net Sales +5.1% Total Company SSS +2.1%; Domestic SSS +1.2%; International SSS +10.9% (Constant Currency(1)) Diluted weighted shares outstanding decreased 7.2% vs Q1 FY23 During Q1 FY24, we returned $1.5B to our shareholders through share repurchase
Slide 6: Growth Priorities
Growth Priorities U.S. Retail (DIY) Commercial (DIFM) International AUTOZONE, INC., © 2023 ALL RIGHTS RESERVED. 6
Slide 7: New Store Highlights
New Store Highlights 12 Weeks Ended 12 Weeks Ended Domestic: November 18, 2023 November 19, 2022 Beginning stores 6,300 6,168 Stores opened 17 28 Stores closed (1) - Ending domestic stores 6,316 6,196 Relocated stores - 3 Square footage (in thousands) 41,749 40,874 Mexico: Beginning stores 740 703 S
Slide 8: Domestic Commercial Highlights
Domestic Commercial Highlights Financial Highlights # of Commercial Programs Total Domestic Commercial Programs 5,803 % increase in programs vs. LY 6.3% 12 Weeks Ended November 18, 2023 Trailing 4 Qtrs Domestic Commercial Sales $1,092.9 $4,657.0 ($ millions) % increase in sales 5.7% 6.7% 12 Weeks En
Slide 9: Balance Sheet Highlights
Balance Sheet Highlights As of As of ($ in millions, except per store amounts are in thousands) November 18, 2023 November 19, 2022 Higher/(Lower) Inventory $ 5,774 $ 5,608 3.0% Inventory/store $ 806 $ 804 0.3% Inventory, net of payables $ (1,408) $ (1,738) (19.0%) Inventory, net of payables/store $
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., © 2023 ALL RIGHTS RESERVED.
AUTOZONE, INC., © 2023 ALL RIGHTS RESERVED. 11