Slide 1: 3rd Quarter Earnings Release, FY2024
3rd 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: Third Quarter Fiscal 2024 Conference Call
Third Quarter Fiscal 2024 Conference Call May 21, 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 Third Quarter FY 2024 Financial Highlights
QTD Third Quarter FY 2024 Financial Highlights ✓ Net Sales +3.5% ✓ Total Company SSS +0.9%; Domestic SSS flat; International SSS +9.3% (Constant Currency)(1) ✓ Diluted weighted average shares outstanding decreased 6.4% vs Q3 FY23 ✓ During Q3 FY24, we repurchased $735 million in AutoZone stock in mil
Slide 6: YTD Third Quarter FY 2024 Financial Highlights
YTD Third Quarter FY 2024 Financial Highlights ✓ Net Sales +4.4% ✓ Total Company SSS +1.5%; Domestic SSS +0.5%; International SSS +10.3% (Constant Currency)(1) ✓ Diluted weighted average shares outstanding decreased 7.1% vs Q3 FY23 ✓ FY24 YTD, we repurchased $2.5 billion in AutoZone stock in million
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 36 Weeks Ended 36 Weeks Ended May 4, 2024 May 6, 2023 May 4, 2024 May 6, 2023 Domestic: Beginning stores 6,332 6,226 6,300 6,168 Stores opened 32 22 68 80 Stores closed - - (4) - Ending domestic stores 6,364 6,248 6,364 6,248 Relocated stores - 1 3
Slide 9: Domestic Commercial Highlights
Domestic Commercial Highlights Financial Highlights # of Commercial Programs Total Domestic Commercial Programs 5,843 % increase in programs vs. LY 5.7% 12 Weeks Ended May 4, 2024 Trailing 4 Qtrs Domestic Commercial Sales $1,147.1 $4,719.2 ($ millions) % increase in sales 3.3% 3.9% 12 Weeks Ended Ma
Slide 10: Balance Sheet Highlights
Balance Sheet Highlights As of As of ($ in millions, except per store amounts are in thousands) May 4, 2024 May 6, 2023 Higher/(Lower) Inventory $ 6,155 $ 5,704 7.9% Inventory/store $ 851 $ 810 5.1% Inventory, net of payables $ (1,214) $ (1,512) (19.7%) Inventory, net of payables/store $ (168) $ (21
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