Core Insights - AutoZone reported $3.95 billion in revenue for the quarter ended February 2025, a year-over-year increase of 2.4%, but fell short of the Zacks Consensus Estimate by -0.89% [1] - The EPS for the same period was $28.29, down from $28.89 a year ago, representing an EPS surprise of -2.98% compared to the consensus estimate of $29.16 [1] Financial Performance Metrics - Same store sales in the domestic market increased by 1.9%, exceeding the seven-analyst average estimate of 1.3% [4] - Total Same Store Sales (Constant Currency) grew by 2.9%, compared to the 2.1% average estimate based on five analysts [4] - The total number of AutoZone stores reached 7,432, slightly above the four-analyst average estimate of 7,430 [4] - Domestic store count was 6,483, compared to the average estimate of 6,481 [4] - Net Sales for Auto Parts were reported at $3.87 billion, below the $3.91 billion average estimate, but showed a year-over-year increase of +2.3% [4] - Domestic Commercial sales reached $1.05 billion, surpassing the estimated $1.02 billion, reflecting a +7.3% change year-over-year [4] Stock Performance - AutoZone shares returned +1.3% over the past month, while the Zacks S&P 500 composite experienced a -2.3% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]

Core Viewpoint - AutoZone Inc. reported its fourth consecutive revenue miss in the fiscal second quarter, leading to a 1.1% decline in premarket shares [1] Financial Performance - Net income for the quarter ending February 15, 2025, was $488 million, or $28.29 per share, compared to $515 million, or $28.89 per share, in the same quarter of the previous year [1] - Analysts had anticipated earnings of $29.05 per share, indicating a shortfall in expected performance [1]

Core Insights - AutoZone, Inc. reported net sales of $4.0 billion for Q2 FY2025, reflecting a 2.4% increase from the same quarter in FY2024 [1] - Same store sales showed mixed results, with domestic sales increasing by 1.9% and international sales decreasing by 8.2% [1][24] - The company opened 45 new stores during the quarter, bringing the total store count to 7,432 [6] Financial Performance - Gross profit margin remained flat at 53.9%, with operating expenses increasing to 36.0% of sales compared to 34.6% last year [2] - Operating profit decreased by 4.9% to $706.8 million, and net income fell by 5.3% to $487.9 million [3] - Diluted earnings per share decreased by 2.1% to $28.29 [3] Inventory and Sales Metrics - Inventory increased by 10.4% year-over-year, with net inventory per store slightly improving to negative $161 thousand [4][25] - Total auto parts sales reached $3.87 billion, a 2.3% increase compared to the previous year [23] - Domestic commercial sales increased by 7.3% to $1.05 billion [23] Strategic Initiatives - The company continues to focus on growing its domestic DIY and commercial sales, with positive momentum heading into the spring and summer selling season [5] - AutoZone's international business showed strong results with same store sales growth of 9.5% on a constant currency basis [5] Share Repurchase and Capital Management - Under its share repurchase program, AutoZone repurchased 100,000 shares at an average price of $3,291, totaling $329.4 million [3] - The company has $1.3 billion remaining under its current share repurchase authorization [3]