Q2 2025 Autozone Inc Earnings Call Transcript
Key Points
- AutoZone Inc (AZO) reported a 2.4% increase in total sales for the quarter, with Domestic same-store sales growing by 1.9%.
- International same-store sales increased by 9.5% on a constant currency basis, indicating strong performance outside the US.
- The company's Domestic Commercial sales grew by 7.3%, showing significant improvement from the previous quarter.
- AutoZone Inc (AZO) opened 28 net domestic stores and 17 new international stores, demonstrating continued expansion.
- The company is investing over $1 billion in CapEx to drive strategic growth priorities, including store growth and supply chain improvements.
- Earnings per share decreased by 2.1% for the quarter, impacted by foreign exchange headwinds.
- The company faced a significant currency headwind, with a $91 million impact on sales and a $1.22 per share drag on EPS.
- Operating expenses increased by 6.4%, leading to a 134 basis point deleverage in SG&A as a percentage of sales.
- The Domestic DIY business showed only a marginal improvement with a 0.1% comp increase, indicating challenges in this segment.
- The company anticipates continued pressure on discretionary sales until economic conditions improve for consumers.
Thanks. Good day, everyone, and welcome to AutoZone's 2025 second-quarter earnings release conference call. (Operator Instructions)
It is now my pleasure to turn the floor over to your host, Brian Campbell. Sir, the floor is yours.
Before we begin, please note that today's call includes forward-looking statements that are subject to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not guarantees of future performance.
Please refer to this morning's press release and the company's annual report on Form 10-K and other filings with the Securities and Exchange Commission for a discussion of important risks and uncertainties that could cause actual results to differ materially from expectations. Forward-looking statements speak only as of the date made, and the company takes no obligation to update such statements.
Today's call will also include non-GAAP measures. A reconciliation of GAAP to non-GAAP financial measures can be
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