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) is a specialty retailer of automotive aftermarket parts, tools, supplies, equipment, and accessories, with thousands of stores across 48 U.S. states, Puerto Rico, Mexico, and Canada. This news page focuses on company developments that O’Reilly highlights in its press releases and SEC-related communications.
Visitors can review quarterly earnings announcements, where O’Reilly reports sales, comparable store sales performance, net income, and other key metrics for the DIY and professional service provider markets it serves. These releases often include management commentary on factors influencing results, progress on store expansion, and updates to full-year guidance ranges for metrics such as comparable store sales and net new store openings.
The news flow also includes earnings release and conference call date announcements, which outline when quarterly or full-year results will be published and when management will host conference calls. These announcements provide details such as the scheduled release time, conference call time, and access information for webcasts and dial-in lines.
In addition, O’Reilly issues press releases on corporate actions and capital allocation decisions, such as the approval of a 15-for-1 stock split and changes to the authorization amount under its share repurchase program. These items give context on how the company manages its capital structure and engages with shareholders.
For investors and followers of ORLY stock, this news page offers a centralized view of the company’s publicly released information, from financial results and guidance updates to announcements about store growth and board-approved actions. Reviewing these items together can help readers understand how O’Reilly communicates its performance, strategy, and key milestones over time.
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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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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.
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