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Sep 30, 2024

O'Reilly Auto Q3 2024 Earnings Report

O'Reilly Automotive's Q3 2024 performance was announced, with record revenue and earnings achieved.

Key Takeaways

O'Reilly Automotive reported a 4% increase in revenue, reaching $4.36 billion. Diluted earnings per share increased by 6% to $11.41. Comparable store sales grew by 1.5%.

Comparable store sales increased by 1.5%.

Diluted earnings per share increased by 6% to $11.41.

Sales for the third quarter increased by 4% to $4.36 billion.

Net income for the third quarter increased by 2% to $665 million.

Total Revenue
$4.36B
Previous year: $4.2B
+3.8%
EPS
$11.4
Previous year: $10.7
+6.4%
Comparable Store Sales Growth
1.5%
Previous year: 8.7%
-82.8%
Sales per Square Foot
$89.2
Previous year: $90
-0.9%
Sales per Store
689
Gross Profit
$2.25B
Previous year: $2.16B
+4.2%
Cash and Equivalents
$116M
Previous year: $82.7M
+39.9%
Free Cash Flow
$514M
Previous year: $573M
-10.4%
Total Assets
$14.6B
Previous year: $13.6B
+7.6%

O'Reilly Auto

O'Reilly Auto

Forward Guidance

O'Reilly Automotive is tightening its full-year comparable store sales guidance from a range of 2.0% to 4.0% to a range of 2.0% to 3.0%, to reflect performance so far this year and expectations for the remainder of 2024.