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Dec 31, 2024
O'Reilly Auto Q4 2024 Earnings Report
O'Reilly Automotive, Inc. reported strong fourth-quarter and full-year 2024 results, including record revenue and operating income, driven by solid comparable store sales growth.
Key Takeaways
O'Reilly Automotive, Inc. announced record revenue for its fourth quarter and full-year ended December 31, 2024, marking 32 consecutive years of comparable store sales growth. The company reported a 4.4% increase in comparable store sales for the fourth quarter, with strong performance in both professional and DIY segments.
Fourth quarter comparable store sales grew by 4.4%, contributing to a full-year increase of 2.9%.
Net cash provided by operating activities reached $3.0 billion in 2024.
Sales for the fourth quarter increased 7% to $4.10 billion, with gross profit also increasing by 7%.
Diluted earnings per common share for the fourth quarter increased 3% to $9.50.
O'Reilly Auto
O'Reilly Auto
O'Reilly Auto Revenue by Geographic Location
Revenue by Geographic Location
U.S. Total Sales Revenue
CapyFin.com Forward Guidance
O'Reilly Automotive, Inc. provided full-year 2025 guidance, projecting continued growth in net new store openings, comparable store sales, and total revenue, while maintaining strong profitability metrics.
Positive Outlook
- Projected net new store openings of 200 to 210 stores.
- Anticipated comparable store sales growth between 2.0% and 4.0%.
- Expected total revenue between $17.4 billion and $17.7 billion.
- Gross profit as a percentage of sales projected to be 51.2% to 51.7%.
- Diluted earnings per share expected to be $42.60 to $43.10.
Challenges Ahead
- No specific negative guidance points were highlighted in the provided text.
- The guidance range for comparable store sales growth is broad, indicating potential variability.
- Operating income as a percentage of sales is projected to be 19.2% to 19.7%, which is a slight decrease from the 2024 full-year actual of 19.5% at the high end.
- Effective income tax rate is projected at 22.6%, which is higher than the 2024 actual of 21.6%.
- Capital expenditures are projected to be $1.2 billion to $1.3 billion, a significant investment that could impact short-term free cash flow.