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Jun 30, 2022
O'Reilly Auto Q2 2022 Earnings Report
O'Reilly Automotive's Q2 2022 performance was reported, revealing a comparable store sales increase of 4.3% and diluted earnings per share of $8.78.
Key Takeaways
O'Reilly Automotive, Inc. announced record revenue for its second quarter ended June 30, 2022. Sales increased by 6% to $3.67 billion. Diluted earnings per share increased 5% to $8.78.
Second quarter comparable store sales growth of 4.3%, three-year stack increase of 30.4%
25% three-year compound growth in second quarter diluted earnings per share
$1.4 billion net cash provided by operating activities year-to-date
Company repurchased 2.2 million shares of its common stock for $1.38 billion during the second quarter
Forward Guidance
The company is reducing its full-year comparable store sales guidance to a range of 3% to 5%.
Positive Outlook
- Company remains confident in the strength of the core underlying demand drivers of its business.
- Pleased with their start to the third quarter in July.
- Extremely confident in their Team’s ability to execute their business model.
- Confident in their ability to provide excellent customer service.
- Confident in their ability to drive success as they finish out 2022.
Challenges Ahead
- Pressure on DIY customers from heightened inflation.
- Pressure on DIY customers from high fuel prices.
- Impacted year-to-date performance.
- Factored the current environment into expectations for the second half of the year.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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