Springfield, MO

Log in Subscribe
O'Reilly Automotive posts 6.7% growth in comparable store sales.
SBJ file
O'Reilly Automotive posts 6.7% growth in comparable store sales.

Top, bottom lines rise in O'Reilly Auto quarterly report

Posted online

O'Reilly Automotive Inc. (Nasdaq: ORLY) reported improved top- and bottom-line quarterly growth amid healthy foot traffic at stores nationwide, according to its latest earnings report.

Third-quarter revenue of $3.5 billion was 8.5% higher than the $3.2 billion reported in the same quarter last year, according to a news release. Net income rose 6% to $558.7 million, or $8.14 per diluted share, from $527.3 million, or $7.13 per diluted share a year earlier. Sales and profits beat analysts' expectations for the quarter.

“We are pleased to once again report another very profitable quarter, highlighted by a 6.7% increase in third-quarter comparable store sales, on top of the incredibly strong 16.9% increase we generated in the prior year, and an impressive 14% increase in diluted earnings per share," said Greg Johnson, O'Reilly Automotive CEO and co-president, in the release.

During the third quarter, O'Reilly Automotive added 30 stores domestically and 22 in Mexico, bringing the store count to 5,762. The publicly traded company also repurchased $943 million worth of ORLY shares during the quarter.

As of Sept. 30, O'Reilly Automotive's assets were $11.8 billion, according to the release.

ORLY shares were trading at $636.31 as of 10:10 a.m., compared with a 52-week range of $424.03 to $669.09. The 52-week high was hit Oct. 22.


No comments on this story |
Please log in to add your comment
Editors' Pick
2022 Economic Impact Awards

Read the profiles of this year's honorees.

Most Read Poll
What is the biggest barrier to remaining employed in the Ozarks?


View results