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Dec 31, 2020
O'Reilly Auto Q4 2020 Earnings Report
O'Reilly Automotive reported record revenue and earnings, driven by strong comparable store sales growth and effective expense control.
Key Takeaways
O'Reilly Automotive, Inc. reported record-breaking fourth-quarter results, with sales increasing by 14% to $2.83 billion and diluted earnings per share rising by 27% to $5.40. The company's performance was driven by an 11.2% increase in comparable store sales. The company also announced an additional $1.0 billion share repurchase authorization.
Comparable store sales increased by 11.2%.
Diluted earnings per share increased by 27% to $5.40.
Sales for the quarter increased 14% to $2.83 billion.
Operating income increased 21% to $534 million.
O'Reilly Auto
O'Reilly Auto
Forward Guidance
O'Reilly Automotive anticipates continued strong financial results in 2021 with comparable store sales expected to be in the range of down 2% to flat.