O’Reilly Reports 5% Jump in Second-Quarter Sales

O’Reilly Reports 5% Jump in Second-Quarter Sales

Sales for the first six months of 2019 increased to $5 billion, up 6% from $4.74 billion for the first six months of 2018.

O’Reilly Automotive reported second-quarter revenue of $2.6 billion, a 5% increase over second-quarter 2018.

Net income for the company’s second quarter, which ended June 30, increased to $354 million, up from $353 million in Q2 2018.

Diluted earnings per common share for the second quarter increased 5% to $4.51, up from $4.28 year-over-year.

“For the quarter, our comparable-stores sales growth was 3.4%, which was in the lower end of our 3% to 5% guidance range as unseasonably cool and rainy weather in many of our markets was a headwind to summer, heat-related categories,” O’Reilly CEO Greg Johnson said in a news release. “The challenging weather also caused significant delays in construction and new store openings, resulting in lower-than-planned non-comparable-store sales volumes for the quarter.

“ … Despite the challenges we have seen in the seasonal demand environment thus far in 2019, we remain confident in the solid demand drivers supporting our industry and in our team’s ability to provide unsurpassed levels of service to our customers, and as a result, we are maintaining our full-year comparable store sales guidance at a range of 3% to 5%.”

Sales for the first six months of 2019 increased to $5 billion, up 6% from $4.74 billion for the first six months of 2018.

Due to the rainy weather, O’Reilly opened 43 stores across 15 states, which was fewer stores than the company expected, according to Johnson. However, O’Reilly still expects to open at least 200 net new stores this year.

You May Also Like

Genuine Parts Company Announces CEO Leadership Transition

Paul D. Donahue will become executive chairman, while William P. Stengel, II will succeed Donahue as president and CEO.

Paul Donahue (at left) will transition from chairman and CEO to executive chairman. William Stengel, II, currently president and COO, will succeed Donahue as president and CEO of GPC and will serve as a member of the board of directors.

Genuine Parts Company announced that Paul D. Donahue will transition from chairman and CEO to executive chairman, effective June 3, 2024. At that time, William P. Stengel, II, currently president and COO, will succeed Donahue as president and CEO of GPC and will serve as a member of the board of directors.

GPC Reports 2023 Results, Announces Global Restructuring Program

The restructuring includes a voluntary retirement offer in the United States.

AutoZone Ramping Up International Growth

Its stores in Brazil and Mexico have posted double-digit same-store sales growth for two consecutive quarters.

AutoZone Reports 5% Increase in Fiscal Q1 Net Sales

A mild start to the winter affected DIY sales in some parts of the country.

AutoZone Reports 6% Increase in Fiscal Q4 Sales

Domestic same-store sales for the fourth quarter, which ended Aug. 26, were up 1.7%.

Other Posts

2024 to be a ‘Year Of Action’ for ASE, Says Chairman

New ASE Chairman Tom Trisdale says the challenges of repairing vehicles and the pressures facing technicians have never been greater.

The Impact of Trade and Tariffs on the Aftermarket

Numerous components make up “landed costs,” but duties, taxes and tariffs can often be a detriment to global trade.

BCA Bearings Unveils 2024 Endless Summer Promotion

The Endless Summer promotion runs from May 1 through June 30, 2024.

ASE Education Foundation Partners on 10 Training Scholarships

Instructors attended a five-day, hands-on training session at the Navistar’s OEM training center.