Phil, good everyone. morning, Thanks, and
a and sales increase previously has with comp total X.X% comp Phil had growth, X.X% international X.X% a company X.X% growth, constant flat third increase quarter, discussed, in EPS. currency basis, a As EBIT solid a a domestic on in we
efforts the drive AutoZoners and a stores enable to distribution growth earnings continue centers to We our solid results, continue deliver to way. meaningful our in in of us and
a the to moments To start elaborate P&L our me this take morning, few on specifics QX. for in let
For with Starting commercial a the X.X%, our total our domestic sales on growth initiatives. me more $X.X quarter, give up little domestic to X.X% represented domestic and of $X.X basis. let DIFM and Sales billion, sales. auto sales were our business, domestic our under billion increased on customers to were our X.X% up just sales DIFM XX% a stack color and X-year part
per X.X% $XX,XXX. $XX,XXX, weekly year's average down sales Our last versus program were
program. programs the last the are over programs these Now have per over a we and reminder, added as XXX sales new new months, diluting overall XX
which however, these than programs our us pleased of We that faster the have our approximately in now extremely are XX% domestic are, stores, future. well performance significantly We program for historical position and maturing our accounts. [indiscernible] commercial
This opened programs. quarter we [indiscernible]
as with continue gain progress initiatives acceleration customers. we and share commercial winning to Our look wallet of grow by business make to share existing new
aggressively opportunity which the will we in pursue largest believe commercial have market, a is we our lot continue to Importantly, us, and of single front we growth in growth highly fragmented opportunity. of
Mega-Hub net our X support XXX locations now Mega-Hubs have growth, with commercial QX. To in opened we new
QX. sales balance commercial continue Xx than overall than Mega-Hubs commercial the of rate to more programs, our in higher grew the of average the business and Our significantly
XXX,XXX sales fulfillment SKUs, and assets customers parts well individually, of of surrounding the Our are to as entire the is the drive capability AutoZone These additional box lift giving source lifting performing other tens and for for thousands fulfillment inside store tremendous store access Mega-Hubs and typically stores. carry our the serve an network. expanded roughly
well full north expect open hubs plans. XXX foreseeable will continue for These of growth Mega-Hubs and to to key at our We open build-out. assets we aggressively are the Mega-Hubs to future,
of our quarter. down was the comp the X% domestic On for side retail business, our
declining long-term approximately driven with historical by growth. we growth, counts trends X%, changes line down in slightly Phil to parts. approximately As mentioned, ticket X% traffic new we see of would ticket transaction in offset offset business the durability the technology mid-single-digit the time, saw to expect by low for by Overt and
to vehicles. continue to levels, used car a we in DIY QX, is likely driven a back new consumer growing challenging and miles see and to aging a invest While market their continue were existing sales to prepandemic purchases discretionary challenged in park, that and car
As believe DIY we resilient. will such, our business remain
Now I'll business. few international a words regarding our say
continue we're We pleased the to progress making be with internationally.
and an basis basis. constant grew actual XX.X% impressive X.X% an sales on same-store a Our on currency
During international, we're and given the to with stores, quarter, with to in being growth. meaningful and Brazil in XXX remain international future store ending finish our Mexico stores AutoZone's success, XX on we to XXX. X bullish We an opened attractive contributor and committed
the me few on and let of Now gross rest margins. a P&L the moments spend
basis $XX gross in up this XX last year. noncash improvement points in core business versus $XX basis points, of our quarter, the For a significant margins driven LIFO credit XX.X%, from in quarter a a credit million LIFO gross by million QX our XXX was and margin
a Excluding LIFO from margin. gross in had both XX-basis-point strong very years, we improvement
of a based credit profit. $XX we cumulative quarters. in We're and charges to year. improvement in currently this gross on driving teams supply last be we have over through out in reverse balance merchandising P&L, to credit headwind which the million of our exceptional QX past have expect to point million we LIFO gross had would chain that year. yet I done million deflation job in now this have and Our means credits an reversed compares in next LIFO couple approximately we $XX this from net $XX will margin the LIFO $XX million LIFO modeling This QX year, experienced
and I've more take unrecorded we back reserve. said LIFO $XX once to not credits, an million begin previously, will P&L, will the the credit As any rebuild we we through
to Moving expenses. operating
On up deleveraged Our service. speed, a continue were percentage as basis, grew invest we of X.X% productivity a customer as sales SG&A and basis X% to points. expenses initiatives SG&A as XX that in drive improve same-store
line with forward, move disciplined will as expenses manage we We over growth are committed sales being SG&A to and growth on in we time.
Interest was EBIT quarter $XXX positive Moving outstanding year, rest by versus sales margin a of improvements. $X.X driven quarter QX the billion prior end and in debt $XXX the for from was our was XX% the the the for gross the growth same-store at our to P&L. quarter $X million versus year. ago QX million, last year up as billion of the expense
in and curb quarter. this interest last planning the the borrowing for million versus have fourth will we this levels $XXX are the that We with quarter driving year's range million week debt are extra year. increase, Higher across the along rates fourth $XXX in
and For third the quarter from up quarter, year's XX.X%, of our tax rate last was XX.X%.
it while rate options quarter's stock XXX benefited basis XXX last year, exercised, This points. points from benefited basis
stock option investors model at approximately quarter, any on XX.X% to credits assumptions before us the due exercises. For suggest fourth we
year. quarter was million, up last and net the versus to $XXX Moving EPS. X.X% for income Net income
Our quarter. share combination of to net income quarter. million quarter than higher diluted $XX.X was of share year's X.X% drove for earnings The up count the lower and X.X% lower share for slightly third the $XX.XX, per last count
Now let me flow. about cash our free talk
we expansion a remind will you the to I this spend generated in CapEx spending higher of capacity year half in $XXX a to $X.X as CapEx flow. cash quarter, of expect the this ago, our ahead We back had we we close For of and schedule. billion quarter addition distribution free the third versus each of also that cash in fiscal year million center generate majority years. free we our fiscal of flow complete our
We continue to cash flow going our an committed we strong cash being expect remain returning to meaningful forward, generator amounts to incredibly of and shareholders.
Regarding balance at very liquidity finished our strong, leverage X.Xx QX sheet, our remains position and our EBITDAR. ratio
merchandise with $XXX,XXX was $XXX,XXX X.X%, year was initiatives, per inventory, $XXX,XXX up growth Our along improvements less a growth. negative and Net inventory defined new basis in-stock by combination accounts levels negative negative last in support store inventory versus a payable inventories as driven store per quarter. our to of on last growth store negative
finished XXX.X% payable As the inventory quarter versus accounts result, a as of XXX.X%. percent a last year's at
spend share quarter. billion capital in AutoZone $XXX of $X.X quarter I'll allocation on buyback repurchase we We share at moment our Lastly, under stock remaining authorization. repurchased And million and the program. end, a our had
We in and meaningful inception have to to cash business. a existing allocation of in We assets over the in target since then shares our and buyback shareholders. the bought leverage will XXXX, while outstanding investing disciplined our committed and back a XXX% of amounts X.Xx approach capital our return stock enable growing of invest of remain that us to business
fast-growing we flow wrap So returning our as a to earnings driving our investing and way. to in continue free value domestic And shareholders. strategy to international up, commercial confidence business cash market tremendous and for value expanding business, committed a improving forward shareholder look remains we share, I driving grow to our QX, by initiatives on to and growth to margins our robust significant business We're our we in underpenetrated. initiatives, have behind and cash ability a that bullish shareholders. and and DIY ongoing our in sales to long-term remain positioning our growing excess steady drive our our competitive remain disciplined a
with turn to it Phil. And back that, I'll
