Springfield, MO

O’Reilly Auto opens 5,000th store, posts record earnings

Posted online

O’Reilly Automotive Inc. (Nasdaq: ORLY) ended the third quarter with record revenue and earnings and started the fourth quarter with a store benchmark.

The Springfield-based auto parts retailer launched its 5,000th store on Oct. 20 in Norwich, Connecticut, according to a news release.

“This is a landmark achievement for O’Reilly and we are especially proud that we have more than doubled our store count over the last 10 years through profitable, organic growth and accretive, strategic acquisitions,” said CEO Greg Henslee, who attended the ribbon-cutting ceremony for store No. 5,000, in the release. “Year to date, we opened 171 net, new stores across 34 states, with Texas, Florida and the Northeast still leading as our strongest growth markets.

“We will reach our target of 190 net, new stores by the end of the year.”

O’Reilly Automotive’s third-quarter earnings increased 2 percent to $283.7 million, or $3.22 per diluted share, from $278.5 million, or $2.90 per share a year earlier. Revenue was up 5.4 percent to $2.3 billion from $2.2 billion in third-quarter 2016.

Third-quarter financial notes:
    •    Comparable store sales rose 1.8 percent, within the company’s guidance range.
    •    The company invested $551 million to repurchase 2.7 million of its shares.
    •    Gross profit rose 5.2 percent to $1.2 billion.

O’Reilly Automotive’s assets were $7.5 billion as of Sept. 30, according to the release.

ORLY shares were trading at $209.92 as of 9:36 a.m., compared with a 52-week range of $169.43 to $286.57.


No comments on this story |
Please log in to add your comment
Editors' Pick

Startup Corner: Eden Garrett, Eden’s Flower Truck

The 21-year-old is working to graduate in May while cultivating her small business.

Most Read
SBJ Live logo
Need to Focus Leads to Sale of Business

“It’s been hard for me to choose. There is a point when I knew I needed to focus on one of these businesses,” says Elle Feldman, owner of Elle’s Patisserie and Lavare Spa (now rebranded as …

My Mentor - My Teammate in Life “He was a strong man of faith and courage and very wise - my biggest supporter in any endeavor in life,” says Tami North, Executive Director of the Rogersville Area Chamber of Commerce and one of …
From Cutbacks to Cutting Tracks “Every day you’ve gotta wake up and say, ‘I’ve gotta make money today,’ says, Ricky Smiley, Founder and Producer of Smiley Records, LLC. When Smiley was laid off from a job he held for 18 …
Consistent Marketing  “Marketing for a company can be very interesting, in the sense that it’s hard to stand out in the crowd from everyone else,” says Alisa Lawler, Vice President of Marketing and Business …
Booked - The 7 Habits of Highly Effective People “I think it’s a really great book and I wish I had read it earlier in my career,” says Candida Deckard, the Director of Human Resources and Safety at CNH Industrial Reman and one of Springfield …