O'Reilly Automotive Inc. (Nasdaq: ORLY) surpassed $13 billion in revenue for the first time in company history.
The Springfield-based auto parts retailer's revenue rose 15% to $13.3 billion during 2021, according to a news release. That's up from $11.6 billion in 2020 and moves closer to the company's next annual sales goal of $15 billion by 2027.
"Our full-year 2021 comparable store sales growth of 13.3%, on top of our strong 2020 performance, represents a two-year stack of 24.2% and is a testament to our team’s unrelenting dedication to our customers," said Greg Johnson, co-president and CEO, in the release. "These accomplishments are all the more impressive in light of the extremely difficult challenges our team has faced the past two years."
Full-year financial notes for O'Reilly Automotive:
• Net income rose 23.5% to $2.2 billion.
• The company repurchased 4.5 million of its shares at a $2.5 billion investment.
• Contributing to the full year was fourth-quarter net income of $519 million, a 32% increase.
As of Dec. 31, O'Reilly Automotive's assets were $11.7 billion, according to the release. The company ended the year with 5,784 stores, with 167 launched in 2021.
ORLY shares were trading at $655.64 as of 9:37 a.m., compared with a 52-week range of $428.79 to $710.86 per share.
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