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Sep 30, 2021
O'Reilly Auto Q3 2021 Earnings Report
O'Reilly Automotive's Q3 2021 performance was marked by record revenue and earnings, driven by comparable store sales growth and diluted earnings per share increase.
Key Takeaways
O'Reilly Automotive reported record revenue of $3.48 billion and diluted earnings per share of $8.07 for the third quarter of 2021. The company's comparable store sales increased by 6.7%, and diluted earnings per share grew by 14%.
Third quarter comparable store sales increased by 6.7%.
Diluted earnings per share increased by 14% to $8.07.
Sales for the third quarter increased 8% to $3.48 billion.
Net income for the third quarter increased 6% to $559 million.
Revenue by Geographic Location
Forward Guidance
O'Reilly Automotive anticipates potentially significant volatility in its results, driven by the ongoing uncertainty related to the pandemic.
Positive Outlook
- Comparable store sales are expected to grow between 10% and 12%.
- Total revenue is projected to be between $12.9 billion and $13.2 billion.
- Gross profit as a percentage of sales is expected to be between 52.2% and 52.7%.
- Operating income as a percentage of sales is anticipated to be between 21.0% and 21.4%.
- Diluted earnings per share are forecasted to be between $29.25 and $29.45.
Challenges Ahead
- The company anticipates potentially significant volatility in its results.
- Uncertainty is driven by the ongoing pandemic.
- Capital expenditures are expected to be between $450 million and $550 million.
- Free cash flow is projected to be between $2.0 billion and $2.3 billion.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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