O’Reilly Automotive Inc.’s (Nasdaq: ORLY) brand value climbed 21 spots in an annual industry report.
The Springfield-based auto parts retailer ranked No. 219 among 500 companies nationwide on valuation and strategy consultancy firm Brand Finance’s 500 most valuable brands. It ranked No. 240 on the 2018 list.
O’Reilly Auto’s valuation is now $3.9 billion, a 30.5 percent increase from a year earlier, according to a news release.
The Brand Finance report cited O’Reilly Auto’s addition of more than 200 new stores in 36 states during 2018. The company ranked No. 9 in Missouri, and it grew at a faster pace than any other brand in the state, according to the report.
The top 10 Missouri brands, ranked by valuation, are:
• Purina, $8.2 billion, up 41.7 percent from a year earlier;
• Budweiser, $7.5 billion, up 6.2 percent;
• Bud Light, $7 billion, down 5.4 percent;
• Enterprise, $6.8 billion, up 25.4 percent;
• Emerson, $5.4 billion, up 29 percent;
• Centene Corp., $4.7 billion, up 23.7 percent;
• Cerner, $4.07 billion, up 8.9 percent;
• Express Scripts, $3.95 billion, down 6.9 percent;
• O’Reilly Auto Parts, $3.9 billion, up 30.5 percent; and
• Panera Bread, $2.6 billion, up 18 percent.
Missouri ranked No. 18 among U.S. states by total brand value.
The top three most valuable brands in the U.S. held their ranks from the prior year. Amazon, with a brand valuation of $187.9 billion, was followed by Apple, at $153.6 billion, and Google, at $142.8 billion, according to the release.
To determine a brand’s value, Brand Finance estimates its likely future revenues by calculating a royalty rate that would be charged for its use, according to the report.
SBJ compiles news on the respiratory virus outbreak.
When singer-songwriter Justin Larkin had gigs cancelled because of the coronavirus pandemic, he decided to see it as an opportunity. Larkin is spending his downtime with family, staying positive and …
CEO Jen Davis and founder Dan Holt of Holt Homes Group with Keller Williams discuss safety precautions and virtual tour options realtors are taking in light of COVID-19. Duration: 2:19
Amy Greene, owner of IPA Educational Supply says with distance learning in effect, parents are looking for help. Green says though they are an essential business, they are encouraging customers to …
Are you part of a temporary layoff? The Missouri Department of Labor’s electronic mass claims filing system helps employers and employees file claims quickly and efficiently. Mass claims are …
Katherine Trombetta with the Missouri Job Center says they’ve been using social media to try to help people with their job search during the COVID-19 pandemic. The Job Center will host several …
Community Foundation of the Ozarks has committed $1 million to help community nonprofits dealing with the coronavirus pandemic. CFO President Brian Fogle says though they have helped with natural …
With employees working remotely, it’s critical to be vigilant with computer security. Todd Nielsen, chief strategy officer with JMark, says even the best software can’t eliminate all spam or …
The Missouri Department of Labor has a Shared Work Program, which is a lay-off aversion program for businesses faced with a reduction in available work. Duration: 2:23
Richard Ollis, CEO of Ollis/Akers/Arney, says there are analogies between being deployed in the military and current events. Ollis says he learned some tricks of the trade during his three, seven …
Chrystal Irons, director of the Missouri Small Business Development Center at Missouri State University, says they have created a landing page of resources for small businesses. The website is …