Bill, everyone. Thanks, morning, good and
comp in XX% EBIT quarter XX% As we a growth, growth EPS. Bill growth double-digit and a strong mentioned, a second had with in
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Mexico were total $X.X which the includes stores, parts For Brazil XX.X%. quarter, up our sales, auto domestic, billion, and
sales me stacked customers let basis. $XX million company $XX,XXX, represented on our total a color sales. up increased quarter. our Sales of XX% at up were local business our sales our as broad-based program was for DIFM national averaged on approximately the two-year and weekly XX.X% XX.X% quarter, a and XX% domestic give with over million DIFM growth Now commercial to total in our initiatives. growth $XXX Starting were little and commercial our for to sales, as grew second sales per just again, the XX.X% both we Once and accounts our weekly
results and acceleration represent delivering the exceptional of business. selling I While is the the our the building chain. faster-growing that we quarter results highest second execution lowest are continue commercial in the reiterate quarter, focus for history on quarter to our a better-than-expected want initiatives as seasonally second is quarter to our our on volume
fragmented We winning are customers. of share business making new portion in highly our this growing in existing by increasing market of progress with the wallet and tremendous share
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and As our providing in remain believe of and dynamic. the XXXX reflects first in and in competitive we lead our this parts, the the the We way drive of year seven assortments, double-digit execution us the sales results service Duralast with gaining at to year, half quarters. continue the will delivering growth and has outset brand, share, enabled past for exceptional I and strategies the quarter our particularly growth FY improved quality said will second pricing confident commercial
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Let little me add more on a color our progress.
Mega-Hub more approximately to strategy fiscal the tremendous our year. mentioned now We I XX the expect XX quarter, last Mega-Hub locations, we us momentum. have given over remainder open and has of As
XX mega mentioned I commercial per was the significantly weekly higher growing the moment footprint. much the sales While program $XX,XXX faster balance average the averaged per than of and are a program, ago, hubs commercial sales
we are fulfillment additional surrounding as lift other leveraging the these meaningful our DIY learning parts XXX,XXX sales access What expansion market expanding network. entire As machine delivery business. our have we create greater our our parts and competitive as gives to driving stores. coverage to advantage, sales business, our serve stronger meaningful and ability store deliver closer times. capability but customers box a analytics only the a both assets tremendous product performing mega typically to for inside the well and and AutoZone a By hubs as sales drive carry individually, and our density source sophisticated, well the stores to we for and thousands drive of continue customers our learning, improving result, We're hubs an proximity commercial reach, and building confidence results. and to testing availability that in we're continues mega and predictive of faster-growing even of lifts lift The roughly to assortment SKUs to a availability are not is are expanded
side On of nearly three sales our up of points two-year and resilient pandemic. The since and share XX.X% of our business been domestic market maintained business the remarkably for retail the as we same-store on start the stack. gained business, have was X.X% has up retail a
Bill ticket inflationary an we with traffic saw go slightly in X.X% environment. mentioned, up raise as to to continue we As along prices growth
and driven, aging challenging leading in gains momentum customers and improve sales market as have and dynamics, growth initiatives new with also continued park, a share network. our car used growing expand shopping leverage trends and are assortment, our the car macro to These and customer fuel Our DIY. to along sales experience, Mega-Hub Hub miles for favorable in a we
as to meet have and to progress in and Our constraints needs. challenging made where improve our in-stock available positions, supply have were we able while navigate still are been to below a chain great environment. pre-pandemic, supply continuing product logistics customers' We've
market taking give to thrive us who of a in our environment. AutoZoners, are care key competitive customers, this Our enables that us advantage
performance favorable Now, get there's business have of comps exceptionally our remain macro for the that the half great due in year both strong, of XXXX teams. DIY FY XXXX. conditions in we back confident to we us, half no had tougher question that are fundamentals execution FY But back by the and remain our strong and
Now, I'll say regarding international words our few a business.
we're We with making Mexico continue and to progress in pleased Brazil. be the
the growth. and our and With the be AutoZone's in growth and rates three contributors over base countries, and stores finish on in opened line we a will contributor outside And growth both significant in finish earnings markets the just XX% constant now schedules meaningful quarter, disciplined basis, in countries stores with sales of Mexico growth to store an saw committed continue to expect future stores to total US our both to in accelerated future. to commitment be overall. international the attractive expansion During to way, we and store to opening currency only in a XX. XXX new Brazil We growth with sales two remain we new our saw both in with
spend minutes me P&L let a and Now, gross the on few margins.
our down the margin our in range gross first our the increased margin mentioned in XX growth the XX quarter down I we on XX.X%. basis year. mix, gross For where we where expected this saw as in coupled points, driven last previous accelerated the with basis a by the we margin to the that in points was have shift quarter's were in total but down our gross call investments versus dollars similar quarter commercial profit our business, initiatives, pressure, drove quarter, primarily
performance that primarily than merchandising through actions resulting in pricing slightly initial margin our inflation, focused expectations. driving improvements, has offset been Our team better on
in in with mentioned actions continuing inflation the We're call, earlier pricing to to categories, the our product continuing inflation costs. prior the see are transportation driven rational. center we Bill in As certain distribution versus industry's cost cycles, headwinds to along rising be consistent primarily with fast-growing year, and inflationary and offset take range our to would last by down mix expect third remains quarter the in business. pricing commercial margins XX QX from bps We
our primarily year points percent basis basis SG&A approximately operating expenses leveraged expenses. to up QX sales points. $XX of leverage Moving expenses, was by million strong our or XXX X.X% last pandemic-related as a driven and and results as versus year's The were XXX prior
dollar rate While averages, our maintaining growth. accelerated higher SG&A growth has than been historical a high customer we've on levels of focused of been during period service
growth an underpin invest will these to and at to also investments our productivity. in and IT pay experience, We in continued pace dividends user initiatives, speed, accelerated
with and on expenses be will SG&A line sales as forward growth manage we time. disciplined growth to We in continue over move
from of rest $XXX down versus million, versus was $X.X strong the last quarter $X.X X.X% million, at year's of prior up the to quarter our for at debt growth. EBIT the a billion line the top as Interest $XX.X end was outstanding year Moving QX by the for ago the billion driven P&L. just end expense year. the XX.X% QX quarter over quarter, was
million the last We flat interest quarter are year. with planning $XX of in roughly XXXX, for fiscal the QX range third
our the versus second For tax quarter, year's was quarter. in rate XX.X% last XX.X%
benefited quarter's year, options -- XXX year stock last points last basis it basis benefited exercised, points. while rate from exercised XXX This
of investors stock suggest before XX.X% model assumption option approximately XXXX, For we to fiscal us at on any third exercises. the credits quarter due
Moving to versus net quarter. was XX.X% and $XXX second million, up for EPS. quarter Net last year's income income the
income the count a lower per up of $XX.XX, Our of It's than the XX.X% for combination higher earnings count diluted was year's second over share share prior last net to share and quarter. second quarter drove XX.X X% quarter. million year's lower
flow cash QX. free our Now let me for talk about
free versus year. million up and generate us $XXX in cash the of of X.X% XX.X% flow, expenditures, prior spent cash the the prior $XXX to in Year-to-date, million million cash, capital generated allowing flow For have $XXX $XXX generated second we operating million versus free year. up we quarter,
strong to forward, You we flow our continue should amounts incredibly shareholders. returning generator an meaningful going and to us committed expect of cash cash being remain to
last repurchase new year. X.X% less our the inventory, year, we below and over negative our in leverage negative mainly April, very per merchandise and per historic payable QX our of have the sheet, Net versus our assured negative due period and ratios strong Regarding our through cash inflation. as stores quarter. sheet, balance $XXX,XXX store basis, position also last our remains $XXX,XXX versus liquidity rest by defined X.X% increased managing as a our prepayment program on a balance inventory was but Total bond was remain We're inventory well the share driven last our excess a norms. exhausted up on inventory year accounts same and last inventories $XX,XXX store balance
As as gross of percent of finished quarter the versus accounts XXX.X% a QX last payable result, inventory XXX%. a year's at
allocation capital Lastly, our spend repurchased moment billion on quarter. I'll and AutoZone in stock repurchase of share We a nearly the program. $X.X
As we of the end outstanding. below of XX the million dropped fiscal quarter, shares
of program emphasis, million repurchase started share XXXX, we had when As in our we a XXX outstanding. shares point
had million. beginning X% we free outstanding buy we has back the less year the XX authorization. generated allowed of under cash quarter over of $XXX under the us buyback year. have shares we At fiscal just our since than to powerful Now end, share The remaining million this
enable this our long-term growing the and We of remain where strong return return target business. in business will amounts inception bought committed in cash strong our in we a of up, approach over drove area expect wrap sales, we To which to in back since capital buyback disciplined cash quarter, allocation investing in highlighted and and existing EPS. income another generate that had shares free XX% by very our invest a while increase our of stock X.Xx XX.X% shareholders. powerful the have comp XXXX, assets meaningful our to leverage to to the outstanding increase XX.X% in and net to us We flows
driving by shareholders. to and earnings cash our driving investing our robust We initiatives, are in excess and value growth returning shareholder long-term cash
work. to continues strategy Our
improving are We turn are overall Bill. market, fair shareholders. significant disciplined way. to value our for a to faster capturing competitive businesses back to positioning our growing it drive confidence tremendous committed DIY in a the our our significantly and and continue at in And I'll ongoing and I we now than ability our DIFM have while share to rate
