AutoZone, Inc. (NYSE:AZO) Q3 2024 Results Conference Call May 21, 2024 10:00 AM ET
Company Participants
Phil Daniele - CEO
Jamere Jackson - CFO
Brian Campbell - VP, IR
Conference Call Participants
Bret Jordan - Jefferies
Christian Carlino - JPMorgan
Simeon Gutman - Morgan Stanley
Greg Melich - Evercore ISI
Scot Ciccarelli - Truist
Kate McShane - Goldman Sachs
Seth Sigman - Barclays
Brian Nagel - Oppenheimer
Michael Lasser - UBS
Max Rakhlenko - TD Cowen
Operator
Greetings. Welcome to the AutoZone’s 2024 Q3 Earnings Release Conference Call. At this time, all participants are in a listen-only mode [Operator Instructions]. Please note, this conference is being recorded. The company would like to announce the following forward-looking statements.
Brian Campbell
Before we begin, please note that today's call includes forward-looking statements that are subject to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not guarantees of future performance. Please refer to this morning's press release and the company's most recent annual report on Form 10-K and other filings with the Securities and Exchange Commission for a discussion of important risks and uncertainties that could cause actual results to differ materially from expectations. Forward-looking statements speak only as of the date made and the company undertakes no obligation to update such statements. Today's call will also include certain non-GAAP measures. A reconciliation of GAAP to non-GAAP financial measures can be found in our press release.
Operator
It is now my please to turn the floor over to Phil Daniele, Chief Executive Officer with AutoZone.
Phil Daniele
Good morning. And thank you for joining us today for AutoZone's 2024 third quarter conference call. With me today are Jamere Jackson, Chief Financial Officer; and Brian Campbell, Vice President, Treasurer, Investor Relations and Tax. Regarding the third quarter, I hope you had an opportunity to read our press release and learn about the quarter's results. If not, the press release, along with the slides complementing our comments today, are available on our Web site www.autozone.com under the Investor Relations link. Please click on the quarterly earnings conference calls to see them. As we begin the call, I want to say thank you to our more than 120,000 AutoZoners across all of our businesses for delivering solid earnings results in the face of a difficult macro environment. With our continued focus on providing what we call WOW! Customer Service, our AutoZoners delivered our total sales increase of 3.5%, total company same store sales up 1.9% and on a constant currency basis, total company same store sales of 0.9%. Also, our operating profit grew 4.9% while our earnings per share grew 7.5%. In spite of our lower than planned sales, we managed our business well and we were able to deliver bottom line results that continued to build on the phenomenal results we've had over the last several years. Congratulations to our AutoZoners everywhere who helped us achieve this quarter's growth. Your dedication to delivering on our commitment of WOW! Customer Service is always inspiring.