Welcome to our dedicated page for Oreilly Automotive news (Ticker: ORLY), a resource for investors and traders seeking the latest updates and insights on Oreilly Automotive stock.
O'Reilly Automotive Inc. (ORLY) operates one of North America's largest aftermarket auto parts networks, serving both professional technicians and DIY customers through its integrated retail strategy. This page aggregates official company announcements, financial disclosures, and market developments to help stakeholders track ORLY's business trajectory.
Investors and industry professionals will find timely updates including quarterly earnings reports, store expansion announcements, and strategic partnership details. Our curated news selection emphasizes operational developments within the automotive aftermarket sector while maintaining focus on O'Reilly's core business model of parts availability and customer support.
All content is sourced from verified corporate communications and reputable financial publications. For comprehensive tracking of O'Reilly's market position and industry leadership, bookmark this page for regular updates on inventory management innovations, distribution network enhancements, and service initiatives impacting the automotive repair ecosystem.
O'Reilly Automotive (ORLY) reported strong first quarter results for 2023, marked by a 10.8% growth in comparable store sales and a 15% increase in diluted earnings per share to $8.28. Revenue rose 12% to $3.71 billion, while net income was up 7% to $517 million. Gross profit increased 11% to $1.89 billion, though as a percentage of sales, it slightly declined from 51.8% to 51.0%. O'Reilly opened its 6,000th store and expanded into Puerto Rico, with plans for a new distribution center in Guadalajara, Mexico. The company repurchased 1.4 million shares at an average price of $819.06, totaling $1.11 billion. For the full year, O'Reilly forecasts total revenue between $15.2 billion and $15.5 billion.
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