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.
O'Reilly Automotive (Nasdaq: ORLY) has announced its first quarter 2023 earnings release scheduled for April 26, 2023, at 3:30 p.m. Central Time. A subsequent conference call for investors will take place on April 27, 2023, at 10:00 a.m. Central Time to discuss the results.
The earnings can be accessed on the company’s website at www.OReillyAuto.com under the Investor Relations section. Analysts can join the call by dialing (888) 506-0062 with the identification number 533312. A recorded version will be available until April 26, 2024.
O’Reilly Automotive (ORLY) reported a 9.0% increase in fourth quarter comparable store sales and a 10% growth in diluted earnings per share to $8.37. For the full year, comparable store sales grew 6.4%, with diluted earnings per share rising 8% to $33.44. The company's revenue surged by 11% in Q4 to $3.64 billion and for the year, total revenue reached $14.41 billion. However, gross profit margins fell to 50.9% from 52.7% a year ago. The company announced guidance for 2023, anticipating revenue between $15.2 billion and $15.5 billion and diluted earnings per share between $35.75 and $36.25.
O'Reilly Automotive has announced the promotions of Brad Beckham and Brent Kirby to Co-Presidents, effective January 9, 2023. Beckham, previously Executive Vice President and COO, will oversee store operations, sales, and human resources. Kirby, who served as Executive Vice President and Chief Supply Chain Officer, will handle merchandising, logistics, and customer satisfaction. CEO Greg Johnson retains his title and expressed confidence in their leadership capabilities. This internal promotion strategy is central to O'Reilly's culture and aims to support long-term success in the automotive aftermarket sector.
O'Reilly Automotive (ORLY) announced its fourth quarter and full-year 2022 earnings release on February 8, 2023, after 3:30 p.m. Central Time, followed by a conference call on February 9, 2023, at 10:00 a.m. Central Time. The results will be available on the company’s website. O'Reilly, one of the largest retailers in the automotive aftermarket industry, operates 5,910 stores across 47 U.S. states and 28 stores in Mexico, serving both DIY and professional markets.
O'Reilly Automotive reported a strong third quarter ending September 30, 2022, with a 7.6% increase in comparable store sales and a record $3.80 billion in revenue, up 9% year-over-year. Diluted earnings per share rose 14% to $9.17. Year-to-date, the company opened 154 new stores and anticipates reaching 180 new store openings in 2023. Despite a 5% decline in net income for the first nine months, the company maintains an optimistic outlook, with updated full-year guidance projecting $14.1 billion to $14.3 billion in total revenue.
O'Reilly Automotive, Inc. (Nasdaq: ORLY) has announced that it will release its third quarter 2022 financial results on October 26, 2022, after 3:30 p.m. Central Time. A conference call will follow on October 27, 2022, at 10:00 a.m. Central Time, where executives will discuss the results. Interested analysts can join the call via a provided dial-in number. The financial results will be accessible on the company’s website, www.OReillyAuto.com, in the Investor Relations section.
O'Reilly Automotive (ORLY) reported a 4.3% increase in comparable store sales for Q2 2022, with a 30.4% three-year stack growth. Total revenue rose 6% to $3.67 billion, while net income fell 1% to $577 million. Despite increased sales, gross profit margin declined from 52.7% to 51.3%. Year-to-date, revenue grew 6% to $6.97 billion. The company revised its full-year comparable store sales guidance to 3% to 5% due to inflation pressures. O'Reilly repurchased 2.2 million shares in Q2 for $1.38 billion.
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