O’Reilly Q3 Sales Up 9%

O’Reilly Q3 Sales Up 9%

Comparable-store sales rose 7.6%.

O’Reilly Automotive reported third-quarter sales of $3.8 billion, a 9% year-over-year increase.

Comparable-store sales rose 7.6%. On a three-year stack, comparable-store sales are up 31.2%, according to the company.

“Our team’s relentless focus on providing excellent service to our customers drove the robust sales strength in the quarter,” O’Reilly President and CEO Greg Johnson said in a news release. “Team O’Reilly once again delivered double-digit growth in our professional business for the quarter, while also driving low single-digit DIY sales growth. Our team’s outstanding top-line performance, coupled with a steadfast commitment to expense control, resulted in a 14% increase in third-quarter diluted earnings per share to $9.17, which represents a three-year compounded annual growth rate of 22%.

“I would like to take this opportunity to thank each of our over 84,000 team members for their continued hard work and unwavering commitment to providing unsurpassed levels of customer service – your dedication to our business and our customers remains the key to O’Reilly’s ongoing success.”

As of the end of the third quarter on Sept. 30, O’Reilly has opened 154 net new stores across 38 U.S. states and Mexico, and the company is on track to reach its goal of approximately 180 net new store openings in 2022, according to Johnson.  

“Our team of highly trained and technically proficient professional parts people continues to drive strong new store performance, and we remain very confident in our ability to profitably grow in both existing and new market areas,” Johnson added. “We are pleased to announce our 2023 new-store opening target of 180 to 190 net new stores, an increase over our 2022 growth, as we look forward to expanding the O’Reilly footprint and extending our long track record of profitable growth.”

You May Also Like

NAPA Auto Parts Parent GPC Reports Record Q1 Sales

Global sales for the Automotive Parts Group were $3.5 billion, up 7% over first-quarter 2022.

Genuine Parts Co. (GPC) reported record first-quarter sales of $5.8 billion, up nearly 9% over first-quarter 2022.

Net income was $304 million, up from $246 million in first-quarter 2022.

“We are pleased with the continued strength and momentum in our business and excited to report results that exceeded our expectations for the quarter,” said Paul Donahue, chairman and CEO. “Our performance was a clear example of how our multi-year strategic transformation to a global automotive and industrial company is a competitive advantage that distinguishes GPC in the marketplace. We benefited from our business mix and the geographic diversity of our operations with continued strong performances in our international automotive businesses and in the industrial segment. We are extremely proud of the outstanding work by all our GPC teammates.”

Advance Reports 2022 Sales of $11.2 Billion

Fourth-quarter net sales increased 3.2% to $2.5 billion, while comparable-store sales were up 2.1%.

Genuine Parts Co. Reports Record 2022 Sales

Full-year net sales for the Global Automotive Parts group were $13.7 billion, up from $12.5 billion in 2021.

O’Reilly Reports Record 2022, Q4 Revenue

Comparable-store sales were up 6.4% for the full year.

Advance Auto Parts Reports Q3 Net Sales Of $2.6 Billion

Comparable-store sales decreased 0.7%.

Other Posts

AutoPartSource/Momentum USA Receives O’Reilly’s Sales & Service Award

This is the second year in a row that O’Reilly has honored AutoPartSource/Momentum USA with the award.

Momentum USA OReilly
O’Reilly Honors DMA with 2 Awards at Leadership Conference

DMA took home the Content and Omnichannel Award and the Marketing and Advertising Award.

DMA O'Reilly
First Call: 2023 Counter Pro of the Year Randy Shambro

O’Reilly’s Shambro, the 2023 Counter Pro of the Year sponsored by WIX Filters, has found his calling.

Randy Shambro
O’Reilly Gives Nearly $660,000 to 34 Local Charities

Since 2017, the O’Reilly Charity Golf Classic tournaments have raised and distributed $3.4 million.