And everyone. Thanks, morning, good Bill.
As P&L quarter. distribution AutoZoners efforts stores delivering of and few heroic again, in elaborate this outstanding our Bill growth our morning, our To me specifics the to start on mentioned, Once let QX. centers we a results. driving and in had extraordinary the minutes are another take our are initiatives for
were $X.X sales, which Mexico billion domestic XX.X%. includes quarter, stores the For parts up auto Brazil our and total
the compares sales in just AutoZone trailing $X.X per ended, million to year. total under This For were store over four last quarters $X.X million. just QX
color sales. averaged our sales XX% domestic million Starting million. XX% to sales. XX.X% our $XX me third a represented the of weekly $XX,XXX, more Let commercial customers weekly our little initiatives. increased DIFM Sales per growth on commercial as for DIFM business, total and And our quarter, to program up give we were total in our $XXX nearly sales sales with over our
as and XX% the accounts, Our growth both grew regional national based broad in local over was quarter. and accounts
on results. execution acceleration delivering is exceptional our commercial Our initiatives
service As said we're in faster business I've assortment. growing focused investments discipline building pricing and previously, a with on
opportunity, over We the business now in XX% accounts. and a we national, as program tremendous focused portion stores. of our domestic building are under have regional on we're fragmented local have We And significantly with highly market in penetrated commercial our our of this market.
new XX XXXX quarter, programs. with opened programs finishing This we total net
We DIY continue wallet and infrastructure to of customers. increase with leverage share existing our our
and in enabled to our to exceptional improvements areas to quality focus parts, the growth assortment, us that as committed continue our confident have this brand, competitive core shear as as make past and improvements well four in quarters maintain drive particularly in grow can service. stay for strategy working These we pricing, position past we Our providing Duralast with we gain sales deliver We're our quarter. marketplace. continue share to double-digit of the is an the
core initiatives accelerate our we our on we As focused that believe move further. we're forward, growth even will
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quarters we and you our near out to call, last business. hub frequently. raised of more delivers hubs DIY sales coverage both of As Mega from conference have Expanding footprint our lift meaningful help target XX and XXX build we a XX XXX. recall mega commercial our to mega expand might say to yes, it from term hubs us to
are and levels. investments technology our Second, times service delivery improving
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efforts our and build for of customers professionals, help sales our drivers advantage. are will efficiency meaningful a All driving competitive and
and being to price competitive committed we're the working. strategy Third, is
segments approach markets EBIT different market accelerated key and on regions delivering test focus solid leading segments results. and customer and our We to are dollars. to laser We're data have growth intelligence science in different and the higher where using a pricing categories, investments sales and in
this price. We will best right our continue plans lean at live to to and to strategy merchandise the into the up have
us tremendous business. confidence our create the growing gives a to execution faster business Our ability in in commercial
excited about driving solid are in we're market On our gains initiatives our side we're seeing of gains. and share, the the retail business, share our DIY
Our and having some growth all ago. regions comparisons across the in In was positive weeks. of weeks the year and And comps comps, categories. the weeks quarter quarter XX had we double XX digit from tough based eight despite a broad delivered
the market quarter. floor by grew first saw categories NPD Our double both sales failure quarter. of eight the nearly two and in for points we maintenance as the across growth weeks share measured And digit
changed that have We their buying likely also last April, despite tremendous customers behavior. who share the growth year in signifying those
continued focus our retail driven a Our is in few growth in by key areas.
our and First, remarkable. focus centers on in been stores has relentless AutoZoners execution the by our distribution
handled and AutoZoners of of have marketplace be supply in care AutoZoners record winning taking chain Our we traffic store and clear have record delighted the handled a AutoZoners, our our is To and And store are customers. our advantage. volumes. key customers execution we're our competitive processed
hub and Second, mega and availability a coverage in work sales. strategy continue the meaningful improve assortment leading to lift to our
Third, opportunity when get play commercial This shopping which with and pick e-commerce our pick of the working. up to price. give to as Buy dollar in never our We're meet enables AutoZoners competitively this in-store, gross is up the focus approach a DIY while more experience have markets quarters, the And we analytics a broad lean contributor data-driven where having efforts. similar in-store were and and sales our particularly sophisticated to Fourth, environment they top our increased competitors. improving we're we of our next-day this the customers over to competitive online using lapped fastest best price. they to four and buy customer categories approach our the growing capabilities ship-to-home store. and business the want slightly up significantly of as with when discipline advantage gross pledge profit key in continue get and from strategy up live maintain helped into and against approach difficult versus which data-rich pick lower yielding line this our significant the merchandise past have and has right that of our more fundamentals our array offerings, quarter to ensure We've shop. products online us and pleased advice been to the going been we've it's a expert pure customer a on to we and accelerated portion our strong how our of delivery albeit we're we're up e-commerce that The data shop advantage. at approach, the to growth stronger. This competitive seen margins. growth meaningful company. is is growth tools our comps effort tested And is us online
Our are solid strategy results. and execution delivering
let international. Now, spend just me a on few minutes
Mexico and with progress pleased we're We continue to making the be in Brazil.
one with in stores see XX. we currency store with finish seven a Brazil quarter to in to open growth. to the During new constant On finish Mexico basis, XXX and continue stores, new we solid sales
we're all More where opening significantly our our past work over rate markets, importantly, to be store by stabilize, we both Brazilian to those based prospects the expect am Brazil, economies committed contributors on as coming particularly in growth in over about both years, to I new several years. the earnings and in accelerate future. of and the AutoZoners poised store our now our the hard excited growth schedules to remain significant
a few on gross spend me margins. minutes and let Now the P&L
driven our by growth quarter commercial in in XXX investment business accelerated was down points initiatives. in the the gross our basis primarily margin pricing our our For
making pricing profit to mentioned, I this our drive business grew As The quarter. also commercial line-growth strategy dollars. is XX% gross discipline working. and investments top We're
market Our translating our outpace work and as evidenced remaining higher is and into sales that sales quarter. share profits growth this the by
tested have industry’s in rigorously we're actions performance along and to overall, pricing be and pricing remains beginning the some pricing dollar We're accordingly. power. rising costs. specific with discipline right see have and clear, product the care inflation cost Our certain The move transportation gross profit To sales determine approach categories we rational, certain we where and to direction. categories is which in
the disciplined share good way. resulted businesses to and and should such, taking in is performance have And or our DIFM outcome we're And our actions the improving at DIY rate margin double see the our fourth competitive our committed roughly a to in as growing business. us the overall of positioning quarter. fair capturing similar in a market you expect This for of All better. we're
in We auto a total customers operating new historic at and gross our rate segment. faster grow parts will absolute dollars and continue drive overtime to profit
Moving to operating expenses.
environment. Our operations well teams manage continue and to store our this in expenses commercial
percentage Our expenses in XX.X% of expenses were leverage to expenses as shows last sales year included a XXX million $X off. totaled expenses, million, which this quarter’s QX year of versus compared for up $XX Included emergency basis last were SG&A of points. time as over third COVID quarter COVID-related that additional provisions
sales by exceptionally levered driven SG&A comparison, this strong Excluding points, our XXX basis growth.
SG&A sales been time. with SG&A our growth committed dollar rate While over higher remain averages, managing line historical volumes has than in to we
was P&L. the Even from million versus was EBIT fourth end $XXX earlier. quarter the as quarter of versus $X.X or We're under leverage expense QX expense $XX prior was year. year's basis million spoke to last a $XX.X XXX range down the our quarter, strong the interest $XX growth the over quarter just debt Moving at outstanding for million margin the $X.X top-line million year million of versus XXXX operating XX% in quarter. by and XX%, points billion fiscal the rest just driven for just year's quarter, quarter up about year to the I prior the of and X% for was $XX planning over billion or last versus Interest ago, fourth the the
EBITDAR. Our debt adjusted quarter a at metric finished level two times
or are any our and our And strategy. share of repurchases element While conditions, given decrease that based allocation may we leverage quarter, rating strategy. grade committed debt remain investment market to important our equity on both an increase metric in we capital and our
the tax. Moving
third year’s last versus was quarter. quarter the For in our rate tax XX.X% XX.X%
they points year exercises and benefited ultimately and our unpredictable, options rate Stock had while are such rate basis income benefited affect XX points. EPS. our net quarter’s option last and This tax as stock will from exercise, XXX basis
For option due remain the rate. fourth on Because cannot tax of the approximately stock we we fiscal effectively before we to at credits quarter XX.X% investors exercises. any impact suggest us on option committed the XXXX, stock activity, model to assumption this predict reporting
the Moving income for to was net third and versus Net million XX.X% quarter. quarter EPS. income year $XXX last up
quarter. combination share count per the Our earnings quarter. $XX.XX, lower third from XX% earnings XX.X last diluted year's was by strong million quarter to the The share share up prior year's for and lowered third drove of count X.X% over of
let Now, flow. our talk cash me about
we quarter year's million was last third billion the over up For QX. This generated flow. operating of cash $XXX $X.X
cash benefited sales forward and expect as the generator results that And to have of flow the previously can operating you strong Our that incredibly earnings we cash strong cash flow from shareholders. meaningful an to to us drive move our we returns and investments discussed. discussed make be growth, still amounts
X.X% preferred Regarding our in and inventories have last inventory merchandise versus negative same and as $XX,XXX negative our our $XXX,XXX and year now balance last driven growth inventory period position a $XX,XXX inventory sheet, was sheet also on million a versus We're quarter. Inventory store $XXX,XXX per over negative last cash managing last stores. payable was basis Total by the year. balance last $XXX up as remains defined less our $XXX,XXX year, on inventory new accounts Net liquidity the was we strong. QX last is $XXX,XXX increased X.X% well quarter. store versus per year
versus year's XXX.X%. finished as QX a quarter gross XXX.X% percent As accounts of at of last a inventory result a payable
We $XXX moment AutoZone in of repurchased a the spend I'll repurchase share million capital allocation stock quarter. our on program. Lastly, in
to carry of back stock the as the we year of we $X.X through near over level this generated we our has in under have hand The with buyback and had of shares. enabled of the of of quarters approximately equivalents the over over $X.X first the year Year-to-date, plans $XX.X fiscal combined approximately billion cash million remainder us from confident bought cash three over buy cash fiscal share shares continue X term of authorization. reducing this We or to such, remaining powerful just X% on free flow quarter-end had As we At outstanding. remain last million and billion cash excess shares the back quarter, end our expect year. year. our
remains emphasized And business our return grow of disciplined capital Our as strong. meaningful us I as our part will to to and remarkably in enable earlier, allocation cash this of approach. business, existing assets shareholders invest our amounts
up, in earnings XX% XX% strong robust in by had exceptionally wrap drove We're comp growth increase cash to long-term investing strong and driving our sales, returning to a So and our shareholders. initiatives, highlighted we an cash very net excess which value shareholder income another driving and increase in quarter EPS. by
confidence and significant have working. strategy our shareholders. ability value tremendous is in to ongoing Our I for And our drive
Bill. Now I'll turn it back to
