The company said sales for the three months ended June 30, 2024 rose $4.27 billion, or 5%, to $203 million from the same period a year earlier, while sales for the six months rose $8.25 billion, or 6%, to $472 million. Comparable store sales increased 2.3% and 2.8% over the 3-month and 6-month periods, respectively.

1. 01

   The company said sales for the three months ended June 30, 2024 rose $4.27 billion, or 5%, to $203 million from the same period a year earlier, while sales for the six months rose $8.25 billion, or 6%, to $472 million. Comparable store sales increased 2.3% and 2.8% over the 3-month and 6-month periods, respectively.

2. 02

   O'Reilly said gross profit for the 3-month period was $2.17 billion, or 50.7% of sales, down from 51.3% a year earlier. SG&A rose to $1.30 billion, or 30.5% of sales, from 30.3%. The company cited a greater share of sales from professional service provider customers and lower-margin sales from the acquired Vast Auto business as factors behind the lower gross margin.

3. 03

   The company said operating income for the 3-month period rose 1% to $863 million and net income fell 1% to $623 million, while diluted earnings per share rose 3% to $10.55 on 59 million shares. Net income for the 6-month period was $1.17 billion, up 2%, and diluted earnings per share were $19.75, up 7%.

4. 04

   O'Reilly said it began operating 23 stores in Canada through the Vast Auto acquisition during the 6-month period, and opened a net 64 new stores in the 6-month period. As of June 30, 2024, it operated 6,152 stores in the U.S. and Puerto Rico, 69 in Mexico and 23 in Canada.

Key figures

Quarter ended June 30, 2024

Revenue

$4.3B

Operating income

$863M

Net income

$623M

EPS

$10.55

Gross profit

$2.2B

Analysis scope · Management's discussion (MD&A)We analyzed the Management's Discussion and Analysis (MD&A) section. Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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