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William Rhodes

Executive Chairman, Autozone

Search every verified William Rhodes interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. During AutoZone's Q4 2023 earnings call, Rhodes stated that the company plans to accelerate its store openings, aspiring to open as many as 500 stores annually by fiscal year 2028, with 300 in the U.S. and 200 internationally. He noted that domestic average weekly sales per store are 33% higher than in 2019, and said the company does not expect sales per store to return to pre-pandemic levels. Rhodes emphasized that the company's primary focus for fiscal 2024 would be on growing share in its domestic commercial business, and mentioned upcoming technological enhancements aimed at improving delivery times and parts availability. On earlier calls, Rhodes discussed the company's approach to inflation and pricing. He stated that the industry has historically increased pricing to maintain margin rates when costs rise, and noted that most parts have low price elasticity. Rhodes said the company did not pass along all of the enormous spikes in freight costs to customers. He also commented on wage inflation, describing it as "substantially higher" than historical levels and in the mid-single-digit range, and stated that the company does not expect wage inflation to abate soon due to regulatory and market pressures.

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