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Mar 31, 2023
O'Reilly Auto Q1 2023 Earnings Report
O'Reilly Automotive reported record revenue and earnings, driven by strong comparable store sales growth and diluted earnings per share increase.
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.
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.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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