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. reports recurring developments as a specialty retailer of automotive aftermarket parts, tools, supplies, equipment, and accessories. The company serves do-it-yourself customers and professional service providers through a store network spanning the United States, Puerto Rico, Mexico, and Canada.
Company news centers on quarterly and annual earnings, comparable store sales, diluted earnings per share, operating cash flow, store openings, and distribution capacity. Updates also cover earnings-call schedules, financial guidance, customer-channel performance across DIY and professional markets, and completed capital actions such as its forward stock split.
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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.
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