On its Q4 earnings conference call, AutoZone announced plans for a “much more aggressive” global store development plan. While AutoZone has opened roughly 190 new stores a year in the Americas, it plans on accelerating this pace and aspires to open as many as 500 stores 5 years from now. By FY28, AutoZone is modeling 500 store openings, with 300 in the U.S. and 200 internationally. The company added that profitability per store is materially higher since the beginning of the pandemic.
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