YOUR BUSINESS AUTHORITY
Springfield, MO
O’Reilly Automotive Inc. (Nasdaq: ORLY) reported a nearly 35% increase in quarterly profits as auto parts sales continued to grow amid the coronavirus pandemic.
The Springfield-based retailer's third quarter earnings were $527.3 million, or $7.07 per diluted share, compared with $391.3 million, or $5.08 per diluted share, a year earlier, according to a news release.
"Our team’s tireless efforts resulted in our second consecutive quarter of over 16% comparable store sales growth," said CEO and co-President Greg Johnson, in the release. "Our DIY business was again a larger contributor to our comparable store sales growth; however, our professional business performed very well, again generating comparable store sales above our expectations during the quarter."
O'Reilly Automotive’s third quarter financial notes:
• revenue climbed 20% to $3.2 billion;
• repurchased 1 million shares of its common stock for a total investment of roughly $443 million; and
• conducted a $500 million debt round.
As of Sept. 30, O'Reilly Automotive's assets were $5.5 billion. The company had 5,613 stores to end the quarter, according to the release.
ORLY shares were trading at $437.83 as of 11:13 a.m., compared with a 52-week range of $251.52 to $487.95.
Cedars Family Restaurant has cooked up comfort for over three decades.
Aquatic center fronting Sports Town in the works
Spring 2024 Construction in the Ozarks
SPD issues 36 citations to businesses for violating city’s gaming machine ban
Lost & Found Grief Center hires executive director
Nixa spokesperson takes job with city of Joplin