O'Reilly Auto Q1 2023 Earnings Report
Key Takeaways
O'Reilly Automotive, Inc. announced record revenue and earnings for its first quarter ended March 31, 2023. The company reported a 10.8% increase in comparable store sales growth and a 15% increase in diluted earnings per share to $8.28. The company also opened its 6,000th store and expanded into Puerto Rico during the quarter.
Comparable store sales increased by 10.8%.
Diluted earnings per share increased by 15% to $8.28.
Opened the 6,000th store and expanded into Puerto Rico.
Sales for the first quarter increased 12% to $3.71 billion.
O'Reilly Auto
O'Reilly Auto
Forward Guidance
O'Reilly Automotive provided updated guidance for the full year 2023, including net new store openings between 180 to 190, comparable store sales growth of 4% to 6%, total revenue between $15.2 billion to $15.5 billion, and diluted earnings per share between $36.50 to $37.00.