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 its Q2 2024 results, showing revenue growth of 5% to $4.27 billion and a comparable store sales increase of 2.3%. The company's diluted EPS rose 3% to $10.55. For the first half of 2024, sales increased 6% to $8.25 billion, with diluted EPS up 7% to $19.75. O'Reilly opened 64 new stores in the U.S. and Mexico during this period.
Due to a challenging demand environment, O'Reilly updated its full-year 2024 guidance, lowering the comparable store sales forecast to 2.0-4.0% from 3.0-5.0%. The company maintains its target of 190-200 net new store openings for the year. O'Reilly also continued its share repurchase program, buying back 0.8 million shares for $794 million in Q2.
O'Reilly Automotive, a leading automotive aftermarket retailer, will release its Q2 2024 earnings on July 24, 2024, after 3:30 p.m. Central Time. The company will host a follow-up conference call on July 25, 2024, at 10:00 a.m. Central Time. Investors can access the results and the webcast through the company's website. A replay of the call will be available until July 24, 2025. O'Reilly Automotive, founded in 1957, operates 6,217 stores across the U.S., Puerto Rico, Mexico, and Canada, catering to DIY customers and professional service providers.
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