AutoZone reported a 2.4% increase in net sales for the second quarter of fiscal 2025, reaching $4.0 billion. Domestic same-store sales grew by 1.9%, while total company same-store sales increased by 2.9% when adjusted for currency fluctuations. International same-store sales, however, declined by 8.2% on a reported basis but grew by 9.5% in constant currency.

Gross profit margin remained steady at 53.9%, but operating expenses rose to 36.0% of sales, up from 34.6% last year, due to investments in growth initiatives. Operating profit fell by 4.9% to $706.8 million, and net income decreased by 5.3% to $487.9 million. Earnings per share were $28.29, down 2.1% from the previous year.

During the quarter, AutoZone repurchased 100,000 shares for $329.4 million, with $1.3 billion remaining in its current share repurchase authorization. Inventory levels rose by 10.4% year-over-year.

The company opened 45 new stores, including 28 in the U.S., 13 in Mexico, and 4 in Brazil, bringing its total store count to 7,432. CEO Phil Daniele expressed optimism about the company’s momentum heading into the spring and summer seasons, emphasizing a continued focus on growth in both domestic and international markets.

AutoZone will discuss these results further in a conference call available via its investor relations website.