AutoZone 4th Quarter Total Company Same Store Sales Increase 5.1%; Domestic Same Store Sales Increase 4.8%; 4th Quarter EPS of $48.71; Annual Sales of $18.9 Billion

Core Insights - AutoZone, Inc. reported net sales of $6.2 billion for Q4 FY2025, a 0.6% increase from Q4 FY2024, with adjusted sales up 6.9% when excluding the additional week from the previous year [1][4] - The company opened 141 net new stores globally in the quarter, contributing to a total of 304 net new stores for the fiscal year [7][8] Financial Performance - Gross profit margin for Q4 FY2025 was 51.5%, down 98 basis points from the previous year, primarily due to a non-cash LIFO charge of $80 million [2][3] - Operating profit decreased by 7.8% to $1.2 billion, while net income fell to $837 million, a decrease of 7.2% from the prior year [3][4] - For the fiscal year, net sales reached $18.9 billion, a 2.4% increase, with net income decreasing by 6.2% to $2.5 billion [4][15] Store Expansion and Sales Growth - Domestic same-store sales increased by 4.8% for the quarter, while international same-store sales grew by 2.1% [1][25] - The company continues to focus on expanding its market share, with plans to aggressively open new stores in the upcoming fiscal year [7][8] Share Repurchase Program - During Q4 FY2025, AutoZone repurchased 117,000 shares at an average price of $3,821, totaling $446.7 million [5] - For the fiscal year, the total share repurchase amounted to 447,000 shares at an average price of $3,425, totaling $1.5 billion [5] Inventory Management - Inventory increased by 14.1% year-over-year, driven by growth initiatives, with net inventory per store improving to negative $131, compared to negative $163 the previous year [6][26] - The company reported an accounts payable to inventory ratio of 114.2%, indicating effective inventory management [26]