O'Reilly Auto Q1 2022 Earnings Report
Key Takeaways
O'Reilly Automotive, Inc. announced record revenue for its first quarter ended March 31, 2022. The company's comparable store sales increased by 4.8%, building on the previous year's 24.8% growth. Diluted earnings per share increased to $7.17 from $7.06 in the same period last year.
Comparable store sales growth of 4.8% in the first quarter, with a two-year stack increase of 29.6%.
Diluted earnings per share saw a 34.4% two-year compounded growth in the first quarter.
The company launched its professional pricing initiative, which created pressure on gross profit.
Transition plan announced for Tom McFall, Executive Vice President and CFO.
O'Reilly Auto
O'Reilly Auto
Forward Guidance
The Company’s unchanged guidance for selected full-year 2022 financial data includes comparable store sales growth between 5% and 7%, total revenue between $14.2 billion and $14.5 billion, and diluted earnings per share between $32.35 and $32.85.