Reports Q1 revenue $3.98B, consensus $3.98B. Comparable store sales increased 3.4% in Q1. Brad Beckham, O’Reilly’s CEO, commented, “We are pleased to report a solid start to 2024, highlighted by a 3.4% comparable store sales increase, which was on top of the very strong 10.8% comparable store sales increase from the first quarter last year. Our comparable store sales increase was comprised of solid growth in both professional and DIY, which grew mid-single digit and low-single digit, respectively, in the quarter. Our team’s continued strong execution drove an 11% increase in diluted earnings per share, and is a clear demonstration of Team O’Reilly’s commitment to our culture values of hard work and excellent customer service. I would like to thank each of our over 90,000 Team Members for their ongoing dedication to O’Reilly’s success.”
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ORLY:
- ORLY Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- DA Davidson auto parts analysts hold an analyst/industry conference call
- O’Reilly Automotive price target raised to $1,234 from $1,149 at Truist
- O’Reilly Auto Announces Q1 Earnings Release Schedule
- O’Reilly Automotive, Inc. Announces Dates for Its First Quarter 2024 Earnings Release and Conference Call
