and good everyone. Thanks, Phil, morning,
calendar Before our an August. in year, fiscal the this the on results, fiscal weeks last Based XX. year is quarter versus you our the Saturday on ends year, the want in based year. week I each unpack way we I on our And extra remind fell that to XX had fourth
on a based XX-week are comparison, on same-store EPS XX-week and a sales, EBIT basis, be sales our discussed comps will For . our total basis. while results
has basis, total company Phil company we previously a sales On As total up growth. were reported X.X%. discussed, X% sales XX-week
up on company X.X% a EBIT our constant same-store comp international X.X%, EPS was domestic grew Our grew currency Total X.X% our grew XX%. and sales and basis.
foreign prior I a that also points the international an versus on rates EBIT a had this point had $XX million sales We resulted basis want quarter. and a EPS sales, from drag a $X out on headwind headwind $X.XX we share XXX year. on in in exchange to drag And million a to that headwind
stores continue a business in way. to meaningful results in to economic grow efforts us solid AutoZoners deliver enabled our We And distribution have in the earnings our our and backdrop. the our despite of centers
Let me elaborate specifics the our QX. on moments for take P&L to few in a
was the sales were total X%. quarter, mentioned, over For up just just $X.X and as I billion,
the year, sales versus billion, total X.X% our $XX.X For last were up fiscal year.
on domestic And with sales let me and a our our little give starting color commercial initiatives, growth business. our
XX-week XX.X% $X.X to domestic the a grew On our business quarter, billion. fourth X.X%. sales domestic commercial basis, For DIFM increased our
sales. our part of XX% were commercial sales X.X% For sales our and billion, DIFM quarter, In $X.X FY auto year. total domestic versus the of our company last 'XX, sales to represented XX% customers up domestic our
that program lap per flat programs as new maturity. not are sales at weekly we that average Our $XX,XXX, year last opened to we were
commercial are building we national, which continuing DIY increasing business our leverages domestic customers. share XX% our and commercial by stores, We Our with share in now of initiatives our existing wallet acceleration new grow our accounts. as deliver our results regional have to winning program business good approximately infrastructure, of we're and and with local
total opened programs. we with finishing quarter, XX new This programs X,XXX net
front Importantly, runway tremendous commercial, growth in of lot growth for we our us, represents in a aggressively which company. of pursue we opportunity and a have will
growth, now commercial we have XXX locations. our support Mega-Hub To
and The $XX,XXX per While much growing are commercial I program. business faster the weekly of mentioned sales sales a moment XXX balance averaged was ago, the Mega-Hubs higher QX. our in program commercial significantly averaged than per
These AutoZone well giving network. commercial an carry sales and thousands for of drive parts box as is our a and access coverage fulfillment as and serve inside both As for performing The to the to the meaningful entire Mega-Hubs individually, to expanded availability well the customers of assets lifting stores. continues XXX,XXX expansion are over typically additional a and capability other parts as fulfillment source our deliver surrounding store SKUs the business. lift reminder, our tremendous DIY stores lift and
at have north build-out. full an objective have to well of Mega-Hubs XXX We
markets Our while customers improving our the service excited the commercial offering as to are in by parts local closer deploy we more levels. customer our
comp the X.X% business, for On domestic quarter. our the side our retail DIY down of was
reaccelerates. For DIY DIY, X.X%. down all our industry share the in 'XX, and industry Despite softness, are was the to comp continue gain of positioned well we when we FY
X% As we Phil down growth. with X% along traffic saw mentioned, ticket
ticket historical growth, of move would the technology parts. we line counts, to expect As and for in in with to transaction by new driven long-term changes low mid-single-digit see the the trends offset we business, declining by slightly durability forward,
initiatives. Our DIY behind gain share continued to growth has our business
FY for market the ticket car and growth, park Importantly, These customers, is growth a business tailwinds, for tailwind sales market new challenging business. car dynamics, which our a aging a drive used our we car macro provide resilient to continue DIY for believe, continues 'XX. environment and a to and experiencing growing initiatives park and will
I'll a Now, our business. words regarding say few international
We be making with in our pleased the markets. continue international progress we're to
During finish stores opened the XX quarter, we to in XX ending with XXX XXX. stores Brazil, new Mexico in with and new stores
constant same-store currency taken foreign grew X.X% exchange and Our basis X.X% on into sales account a rates. when
will committed forward. going to meaningful pace opening AutoZone's these international, profit in We're remain to attractive being bullish We given markets, and accelerate growth. contributor an the and store our operating future international and success sales we on
P&L Let the gross a of me spend few rest margins. the minutes on and
quarter, For an down margin basis by points, XX.X%, our comparison driven to the LIFO last unfavorable gross XX year. primarily was
continued basis had gross both driven point by in from LIFO Excluding merchandising years, margins. improvement margin XX a we in improvement
We thought $X.XX year, year, credit of the to quarter. would credits we previously credits. or while For would LIFO in higher million this XX have had QX gross $XX we a any that said we bps have share. $XX which a of approximately margins equated have million LIFO we did not last
begin reversed or cumulative P&L, to are has the credit. be I materially any million we not At and accounting million will in impacted we last an of credits the And FY P&L. to year-end, LIFO take we our quarter, reserve. inventory any we unrecorded charges credits credit million as in a to P&L At LIFO anticipating $X that LIFO for rebuild you inflation moment, to booked had 'XX we through $XX charges the results. once back our $XX will yet we our QX more not as year's remind first will LIFO reminder, not
Moving to operating expenses.
year's over QX initiatives. deleveraged Our a time. expenses up XX-week our has of SG&A continue in on we manage The speed percentage a growth basis basis, at expenses we pay was our growth experience, been On points. an sales underpin X.X%. growth sales to and XX.X% versus to last payroll pace and IT as in forward, We're investments in SG&A dividends will These were with line invest productivity. as SG&A SG&A as to committed as purposeful will we being customer growth move XX accelerated and and disciplined up
billion, improvement. EBIT for margin expense billion to was rest under Interest QX up line year versus up $X.X just our a for by the last driven for of up million, $X.X 'XX versus the end Moving $X.X billion, year. the EBIT X.X% prior end quarter the the was at top $X the the at year. outstanding FY from prior P&L. X.X% debt the gross was XX% year quarter QX and versus was ago, $XXX.X of billion as quarter growth
We're the versus driving first first year the are and $XX.X levels this planning for quarter. -- across in of Higher curve this $XXX this debt the 'XX in increase. interest past borrowing in million range million FY quarter year's rates
last quarter year's For our rate XX.X%. the was quarter, from and down of fourth tax XX.X%
from it while stock XX basis exercised, basis This options benefited points quarter's points. benefited year, rate last XX
quarter approximately XX.X% exercises. us investors any on the stock FY due we For 'XX, assumption to at first model before credits of suggest option
EPS, net $XXX X.X% for quarter income million, versus year. to Moving up and the income net last was
income count lower diluted XX.X to the Our per the share fourth $XX.XX, earnings share count XX% million higher combination share net than and for quarter last up X% quarter. for year's quarter. lower was The of drove of
net 'XX, income was $XXX.XX, up X.X% million, For earnings FY share was up $X.X XX%. and per
cash talk flow. our let free Now about me
fourth the billion year, free generated in flow. For in we generated we $XXX free million And cash. cash the for quarter, $X.X
cash and to generator continue to we in strong We of meaningful incredibly going returning shareholders. expect amounts being cash to our committed remain an forward, flow
balance our EBITDAR. liquidity our position X.Xx finished our remains strong very at leverage and sheet, Regarding ratio
while new Our store by was period last year, inventory X.X% same year, store over QX X.X% increased per up the versus total driven inventory growth. last
inventories $XXX,XXX merchandise as store negative and last negative defined quarter. accounts negative per $XXX,XXX payable $XXX,XXX inventory, a on basis Net versus less a year last was
inventory versus as finished accounts at result, quarter QX percent a the payable gross a year's As of last XXX.X% XXX.X%. of
our capital program. under $XXX the $X.X just moment Lastly, in on allocation remaining and AutoZone repurchase million I'll our end, generated the year share quarter outstanding share cash X% we stock at had shares And of spend buyback year. the a of has buy and We allowed us billion sheet repurchased quarter. earnings back under of strong we balance this free to The the fiscal authorization. powerful since beginning
growing amounts our We this existing our buyback then in We the outstanding shares have business capital disciplined stock approach bought our investing of and cash XXX% XXXX, enable business. to shareholders. of to remain that allocation back while the over inception in since return us committed assets of in meaningful and will to invest
To wrap we to investing growth excess our and and in shareholder to cash by robust committed initiatives, driving cash returning earnings up, our remain long-term value driving shareholders.
We've positioning our market Our way. and disciplined competitive strategy work. our grown share and continues domestically to a in internationally improving
share. As fast-growing to 'XX, grow FY prospects we a on continuing commercial bullish growth business look forward that business, to DIY our a international we're and a domestic resilient business is behind
have and a drive a and continue behind strong to team industry, an confidence tremendous AutoZoners. I of significant winning for value our ongoing ability strategy shareholders to in exceptional our
call report to our impact a handing reflect so comps want reporting to operating back Before basis performance. remind purposes. you revenue to We we generally take Phil, reflect on translation results I the don't constant for on currency transactional our risk, the that
revenue on and quarter, As a foreign in EPS. the resulted I headwind in mentioned currency earlier,
rates to $X.XX an would And QX $X.XX share for a If on $XX million share constant the EBIT approximate we EBIT a yesterday's the year EPS. million an impact then remained full drag revenue, if a impact impact fiscal expect we for drag and spot drag $XX EPS. a rates approximate FY expect held 'XX, a to on on year a revenues, $XX at and million to $XXX rates full spot current XXXX, million
now Phil. it back to turn And I'll
