O’Reilly Automotive, Inc. (the “Company” or “O’Reilly”)
(
Nasdaq: ORLY), a leading retailer in the
automotive aftermarket industry, today announced record revenue and
earnings for its first quarter ended March 31, 2024.
1st
Quarter Financial ResultsBrad 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.”
Sales for the first quarter ended
March 31, 2024, increased $268 million, or 7%, to $3.98
billion from $3.71 billion for the same period one year ago. Gross
profit for the first quarter increased 8% to $2.03 billion (or
51.2% of sales) from $1.89 billion (or 51.0% of sales) for the same
period one year ago. Selling, general and administrative expenses
for the first quarter increased 9% to $1.28 billion (or 32.2% of
sales) from $1.17 billion (or 31.7% of sales) for the same period
one year ago. Operating income for the first quarter increased 5%
to $752 million (or 18.9% of sales) from $717 million (or 19.3% of
sales) for the same period one year ago.
Net income for the first quarter ended
March 31, 2024, increased $30 million, or 6%, to $547
million (or 13.8% of sales) from $517 million (or 13.9% of sales)
for the same period one year ago. Diluted earnings per common share
for the first quarter increased 11% to $9.20 on 59 million shares
versus $8.28 on 62 million shares for the same period one year
ago.
Mr. Beckham concluded, “During the first
quarter, we opened 37 stores across 20 U.S. states and Mexico and
continue to be extremely pleased with the performance of our new
stores. Additionally, we began operating 23 stores in Canada after
closing on the acquisition of Vast Auto in January. With the
talented and experienced Vast Auto team now officially a part of
Team O’Reilly, we are very pleased with the early momentum we have
generated in Canada. We remain excited about the future
opportunities we have before us in the Canadian market and
throughout North America and look forward to growing our market
share in new and existing markets as the industry leader in
excellent customer service.”
1st
Quarter Comparable Store Sales ResultsComparable
store sales are calculated based on the change in sales for U.S.
stores open at least one year and exclude sales of specialty
machinery, sales to independent parts stores, and sales to Team
Members, as well as sales from Leap Day in the three months ended
March 31, 2024. Online sales for ship-to-home orders and
pick-up-in-store orders for U.S. stores open at least one year are
included in the comparable store sales calculation. Comparable
store sales increased 3.4% for the first quarter ended
March 31, 2024, on top of 10.8% for the same period one
year ago.
Share Repurchase ProgramDuring
the first quarter ended March 31, 2024, the Company
repurchased 0.3 million shares of its common stock, at an average
price per share of $1,029.24, for a total investment of $270
million. Excise tax on shares repurchased, assessed at
one percent of the fair market value of shares repurchased, was
$2.7 million for the three months ended March 31, 2024.
Subsequent to the end of the first quarter and through the date of
this release, the Company repurchased an additional 0.1 million
shares of its common stock, at an average price per share of
$1,102.00, for a total investment of $79 million. The Company has
repurchased a total of 94.4 million shares of its common stock
under its share repurchase program since the inception of the
program in January of 2011 and through the date of this release, at
an average price of $249.17, for a total aggregate investment of
$23.53 billion. As of the date of this release, the
Company had approximately $2.22 billion remaining under its current
share repurchase authorizations.
Updated Full-Year 2024
GuidanceThe table below outlines the Company’s updated
guidance for selected full-year 2024 financial data:
|
|
|
|
|
For the Year Ending |
|
|
December 31, 2024 |
Net, new store openings |
|
190 to 200 |
Comparable store sales |
|
3.0% to 5.0% |
Total revenue |
|
$16.8 billion to $17.1 billion |
Gross profit as
a percentage of sales |
|
51.0% to 51.5% |
Operating income as
a percentage of sales |
|
19.7% to 20.2% |
Effective income tax rate |
|
22.4% |
Diluted earnings per share
(1) |
|
$41.35 to $41.85 |
Net cash provided by operating
activities |
|
$2.7 billion to $3.1 billion |
Capital expenditures |
|
$900 million to $1.0 billion |
Free cash flow (2) |
|
$1.8 billion to $2.1 billion |
|
|
|
(1) |
Weighted-average shares outstanding, assuming dilution, used in the
denominator of this calculation, includes share repurchases made by
the Company through the date of this release. |
(2) |
Free cash flow is a non-GAAP financial measure. The table below
reconciles Free cash flow guidance to Net cash provided by
operating activities guidance, the most directly comparable GAAP
financial measure: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the Year Ending |
(in millions) |
|
December 31, 2024 |
Net cash provided by operating activities |
|
$ |
2,715 |
|
to |
|
$ |
3,125 |
Less: |
Capital expenditures |
|
|
900 |
|
to |
|
|
1,000 |
|
Excess tax benefit from
share-based compensation payments |
|
|
15 |
|
to |
|
|
25 |
Free cash flow |
|
$ |
1,800 |
|
to |
|
$ |
2,100 |
|
Non-GAAP InformationThis
release contains certain financial information not derived in
accordance with United States generally accepted accounting
principles (“GAAP”). These items include adjusted debt to earnings
before interest, taxes, depreciation, amortization, share-based
compensation, and rent (“EBITDAR”) and free cash flow. The Company
does not, nor does it suggest investors should, consider such
non-GAAP financial measures in isolation from, or as a substitute
for, GAAP financial information. The Company believes that the
presentation of adjusted debt to EBITDAR and free cash flow provide
meaningful supplemental information to both management and
investors that is indicative of the Company’s core operations. The
Company has included a reconciliation of this additional
information to the most comparable GAAP measure in the table above
and the selected financial information below.
Earnings Conference Call
InformationThe Company will host a conference call on
Thursday, April 25, 2024, at 10:00 a.m. Central Time to discuss its
results as well as future expectations. Investors may listen to the
conference call live on the Company’s website at
www.OReillyAuto.com by clicking on “Investor Relations” and
then “News Room.” Interested analysts are invited to join the call.
The dial-in number for the call is (888) 506-0062 and the
conference call identification number is 193896. A replay of the
conference call will be available on the Company’s website through
Thursday, April 24, 2025.
About O’Reilly Automotive,
Inc.O’Reilly Automotive, Inc. was founded in 1957 by the
O’Reilly family and is one of the largest specialty retailers of
automotive aftermarket parts, tools, supplies, equipment, and
accessories in the United States, serving both the do-it-yourself
and professional service provider markets. Visit the Company’s
website at www.OReillyAuto.com for additional information
about O’Reilly, including access to online shopping and current
promotions, store locations, hours and services, employment
opportunities, and other programs. As of March 31, 2024,
the Company operated 6,217 stores across 48 U.S. states, Puerto
Rico, Mexico, and Canada.
Forward-Looking StatementsThe
Company claims the protection of the safe-harbor for
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. You can identify these
statements by forward-looking words such as “estimate,” “may,”
“could,” “will,” “believe,” “expect,” “would,” “consider,”
“should,” “anticipate,” “project,” “plan,” “intend,” or similar
words. In addition, statements contained within this press release
that are not historical facts are forward-looking statements, such
as statements discussing, among other things, expected growth,
store development, integration and expansion strategy, business
strategies, future revenues, and future performance. These
forward-looking statements are based on estimates, projections,
beliefs, and assumptions and are not guarantees of future events
and results. Such statements are subject to risks, uncertainties,
and assumptions, including, but not limited to, the economy in
general; inflation; consumer debt levels; product demand; a public
health crisis; the market for auto parts; competition; weather;
tariffs; availability of key products and supply chain disruptions;
business interruptions, including terrorist activities, war and the
threat of war; failure to protect our brand and reputation;
challenges in international markets; volatility of the market price
of our common stock; our increased debt levels; credit ratings on
public debt; damage, failure, or interruption of information
technology systems, including information security and
cyber-attacks; historical growth rate sustainability; our ability
to hire and retain qualified employees; risks associated with the
performance of acquired businesses; and governmental regulations.
Actual results may materially differ from anticipated results
described or implied in these forward-looking statements. Please
refer to the “Risk Factors” section of the annual report on Form
10-K for the year ended December 31, 2023, and subsequent
Securities and Exchange Commission filings, for additional factors
that could materially affect the Company’s financial performance.
Forward-looking statements speak only as of the date they were
made, and the Company undertakes no obligation to publicly update
any forward-looking statements, whether as a result of new
information, future events, or otherwise, except as required by
applicable law.
|
|
For further information
contact: |
Investor Relations
Contacts |
|
Mark Merz (417) 829-5878 |
|
Eric Bird (417) 868-4259 |
|
|
|
Media
Contact |
|
Sonya Cox (417) 829-5709 |
|
|
O’REILLY AUTOMOTIVE, INC. AND
SUBSIDIARIESCONDENSED CONSOLIDATED BALANCE SHEETS(In
thousands, except share data) |
|
|
|
|
|
|
|
|
|
|
|
|
March 31, 2024 |
|
March 31, 2023 |
|
December 31, 2023 |
|
|
(Unaudited) |
|
(Unaudited) |
|
(Note) |
Assets |
|
|
|
|
|
|
|
|
|
Current assets: |
|
|
|
|
|
|
|
|
|
Cash and cash equivalents |
|
$ |
89,264 |
|
|
$ |
59,872 |
|
|
$ |
279,132 |
|
Accounts receivable, net |
|
|
437,821 |
|
|
|
346,037 |
|
|
|
375,049 |
|
Amounts receivable from suppliers |
|
|
139,267 |
|
|
|
128,758 |
|
|
|
140,443 |
|
Inventory |
|
|
4,805,164 |
|
|
|
4,543,980 |
|
|
|
4,658,367 |
|
Other current assets |
|
|
128,181 |
|
|
|
109,347 |
|
|
|
105,311 |
|
Total current assets |
|
|
5,599,697 |
|
|
|
5,187,994 |
|
|
|
5,558,302 |
|
|
|
|
|
|
|
|
|
|
|
Property and equipment, at
cost |
|
|
8,555,556 |
|
|
|
7,649,066 |
|
|
|
8,312,367 |
|
Less: accumulated depreciation
and amortization |
|
|
3,360,351 |
|
|
|
3,090,010 |
|
|
|
3,275,387 |
|
Net property and equipment |
|
|
5,195,205 |
|
|
|
4,559,056 |
|
|
|
5,036,980 |
|
|
|
|
|
|
|
|
|
|
|
Operating lease, right-of-use
assets |
|
|
2,227,783 |
|
|
|
2,166,646 |
|
|
|
2,200,554 |
|
Goodwill |
|
|
1,009,857 |
|
|
|
892,094 |
|
|
|
897,696 |
|
Other assets, net |
|
|
180,512 |
|
|
|
167,026 |
|
|
|
179,463 |
|
Total assets |
|
$ |
14,213,054 |
|
|
$ |
12,972,816 |
|
|
$ |
13,872,995 |
|
|
|
|
|
|
|
|
|
|
|
Liabilities and
shareholders’ deficit |
|
|
|
|
|
|
|
|
|
Current liabilities: |
|
|
|
|
|
|
|
|
|
Accounts payable |
|
$ |
6,117,068 |
|
|
$ |
6,055,992 |
|
|
$ |
6,091,700 |
|
Self-insurance reserves |
|
|
130,974 |
|
|
|
136,723 |
|
|
|
128,548 |
|
Accrued payroll |
|
|
127,704 |
|
|
|
111,324 |
|
|
|
138,122 |
|
Accrued benefits and withholdings |
|
|
174,125 |
|
|
|
132,022 |
|
|
|
174,650 |
|
Income taxes payable |
|
|
147,645 |
|
|
|
117,790 |
|
|
|
7,860 |
|
Current portion of operating lease liabilities |
|
|
399,245 |
|
|
|
375,451 |
|
|
|
389,536 |
|
Other current liabilities |
|
|
791,633 |
|
|
|
427,006 |
|
|
|
730,937 |
|
Total current liabilities |
|
|
7,888,394 |
|
|
|
7,356,308 |
|
|
|
7,661,353 |
|
|
|
|
|
|
|
|
|
|
|
Long-term debt |
|
|
5,288,632 |
|
|
|
4,927,678 |
|
|
|
5,570,125 |
|
Operating lease liabilities,
less current portion |
|
|
1,900,200 |
|
|
|
1,854,533 |
|
|
|
1,881,344 |
|
Deferred income taxes |
|
|
321,323 |
|
|
|
249,903 |
|
|
|
295,471 |
|
Other liabilities |
|
|
205,703 |
|
|
|
209,411 |
|
|
|
203,980 |
|
|
|
|
|
|
|
|
|
|
|
Shareholders’ equity
(deficit): |
|
|
|
|
|
|
|
|
|
Common stock, $0.01 par value: |
|
|
|
|
|
|
|
|
|
Authorized shares – 245,000,000 |
|
|
|
|
|
|
|
|
|
Issued and outstanding shares – |
|
|
|
|
|
|
|
|
|
58,982,123 as of March 31, 2024, and |
|
|
|
|
|
|
|
|
|
61,038,936 as of March 31, 2023, and |
|
|
|
|
|
|
|
|
|
59,072,792 as of December 31, 2023 |
|
|
590 |
|
|
|
610 |
|
|
|
591 |
|
Additional paid-in capital |
|
|
1,410,756 |
|
|
|
1,305,276 |
|
|
|
1,352,275 |
|
Retained deficit |
|
|
(2,849,108 |
) |
|
|
(2,952,797 |
) |
|
|
(3,131,532 |
) |
Accumulated other comprehensive income |
|
|
46,564 |
|
|
|
21,894 |
|
|
|
39,388 |
|
Total shareholders’
deficit |
|
|
(1,391,198 |
) |
|
|
(1,625,017 |
) |
|
|
(1,739,278 |
) |
|
|
|
|
|
|
|
|
|
|
Total liabilities and
shareholders’ deficit |
|
$ |
14,213,054 |
|
|
$ |
12,972,816 |
|
|
$ |
13,872,995 |
|
|
Note: The balance sheet at
December 31, 2023, has been derived from the audited
consolidated financial statements at that date but does not include
all of the information and footnotes required by United States
generally accepted accounting principles for complete financial
statements.
O’REILLY AUTOMOTIVE, INC. AND
SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF INCOME(In
thousands, except per share data) |
|
|
|
|
|
|
|
|
|
For the Three Months Ended |
|
|
March 31, |
|
|
2024 |
|
2023 |
Sales |
|
$ |
3,976,240 |
|
|
$ |
3,707,864 |
|
Cost of goods sold, including
warehouse and distribution expenses |
|
|
1,942,068 |
|
|
|
1,817,535 |
|
Gross profit |
|
|
2,034,172 |
|
|
|
1,890,329 |
|
|
|
|
|
|
|
|
Selling, general and
administrative expenses |
|
|
1,281,691 |
|
|
|
1,173,684 |
|
Operating income |
|
|
752,481 |
|
|
|
716,645 |
|
|
|
|
|
|
|
|
Other income (expense): |
|
|
|
|
|
|
Interest expense |
|
|
(57,148 |
) |
|
|
(44,572 |
) |
Interest income |
|
|
1,656 |
|
|
|
868 |
|
Other, net |
|
|
3,401 |
|
|
|
4,479 |
|
Total other expense |
|
|
(52,091 |
) |
|
|
(39,225 |
) |
|
|
|
|
|
|
|
Income before income
taxes |
|
|
700,390 |
|
|
|
677,420 |
|
Provision for income
taxes |
|
|
153,152 |
|
|
|
160,535 |
|
Net income |
|
$ |
547,238 |
|
|
$ |
516,885 |
|
|
|
|
|
|
|
|
Earnings per share-basic: |
|
|
|
|
|
|
Earnings per share |
|
$ |
9.27 |
|
|
$ |
8.36 |
|
Weighted-average common shares
outstanding – basic |
|
|
59,017 |
|
|
|
61,840 |
|
|
|
|
|
|
|
|
Earnings per share-assuming
dilution: |
|
|
|
|
|
|
Earnings per share |
|
$ |
9.20 |
|
|
$ |
8.28 |
|
Weighted-average common shares
outstanding – assuming dilution |
|
|
59,454 |
|
|
|
62,398 |
|
|
|
|
|
|
|
|
|
|
O’REILLY AUTOMOTIVE, INC. AND
SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF CASH
FLOWS (In thousands) |
|
|
|
|
|
|
|
|
|
For the Three Months Ended |
|
|
March 31, |
|
|
2024 |
|
2023 |
Operating
activities: |
|
|
|
|
|
|
Net income |
|
$ |
547,238 |
|
|
$ |
516,885 |
|
Adjustments to reconcile net
income to net cash provided by operating activities: |
|
|
|
|
|
|
Depreciation and amortization of property, equipment and
intangibles |
|
|
109,648 |
|
|
|
93,747 |
|
Amortization of debt discount and issuance costs |
|
|
1,593 |
|
|
|
1,215 |
|
Deferred income taxes |
|
|
2,374 |
|
|
|
3,393 |
|
Share-based compensation programs |
|
|
7,022 |
|
|
|
7,435 |
|
Other |
|
|
2,997 |
|
|
|
29 |
|
Changes in operating assets and liabilities: |
|
|
|
|
|
|
Accounts receivable |
|
|
(36,954 |
) |
|
|
(2,610 |
) |
Inventory |
|
|
(92,042 |
) |
|
|
(179,481 |
) |
Accounts payable |
|
|
6,107 |
|
|
|
172,701 |
|
Income taxes payable |
|
|
140,025 |
|
|
|
145,441 |
|
Other |
|
|
16,207 |
|
|
|
(44,991 |
) |
Net cash provided by operating activities |
|
|
704,215 |
|
|
|
713,764 |
|
|
|
|
|
|
|
|
Investing
activities: |
|
|
|
|
|
|
Purchases of property and
equipment |
|
|
(249,240 |
) |
|
|
(223,268 |
) |
Proceeds from sale of property
and equipment |
|
|
3,853 |
|
|
|
2,704 |
|
Other, including acquisitions,
net of cash acquired |
|
|
(155,366 |
) |
|
|
(956 |
) |
Net cash used in investing activities |
|
|
(400,753 |
) |
|
|
(221,520 |
) |
|
|
|
|
|
|
|
Financing
activities: |
|
|
|
|
|
|
Proceeds from borrowings on
revolving credit facility |
|
|
30,000 |
|
|
|
1,216,000 |
|
Payments on revolving credit
facility |
|
|
— |
|
|
|
(661,000 |
) |
Net payments of commercial
paper |
|
|
(310,805 |
) |
|
|
— |
|
Repurchases of common
stock |
|
|
(270,019 |
) |
|
|
(1,111,461 |
) |
Net proceeds from issuance of
common stock |
|
|
57,815 |
|
|
|
15,146 |
|
Other |
|
|
(569 |
) |
|
|
(354 |
) |
Net cash used in financing activities |
|
|
(493,578 |
) |
|
|
(541,669 |
) |
|
|
|
|
|
|
|
Effect of exchange rate
changes on cash |
|
|
248 |
|
|
|
714 |
|
Net decrease in cash and cash
equivalents |
|
|
(189,868 |
) |
|
|
(48,711 |
) |
Cash and cash equivalents at
beginning of the period |
|
|
279,132 |
|
|
|
108,583 |
|
Cash and cash equivalents at
end of the period |
|
$ |
89,264 |
|
|
$ |
59,872 |
|
|
|
|
|
|
|
|
Supplemental
disclosures of cash flow information: |
|
|
|
|
|
|
Income taxes paid |
|
$ |
9,798 |
|
|
$ |
9,696 |
|
Interest paid, net of
capitalized interest |
|
|
34,671 |
|
|
|
26,531 |
|
|
|
|
|
|
|
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O’REILLY AUTOMOTIVE, INC. AND SUBSIDIARIESSELECTED
FINANCIAL INFORMATION (Unaudited) |
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For the Twelve Months Ended |
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March 31, |
Adjusted Debt
to EBITDAR: |
|
2024 |
|
2023 |
(In thousands,
except adjusted debt to EBITDAR ratio) |
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GAAP debt |
|
$ |
5,288,632 |
|
$ |
4,927,678 |
Add: |
Letters of credit |
|
|
137,848 |
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|
116,688 |
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Unamortized discount and debt
issuance costs |
|
|
28,368 |
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27,322 |
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Six-times rent expense |
|
|
2,587,056 |
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|
2,404,986 |
Adjusted debt |
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$ |
8,041,904 |
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$ |
7,476,674 |
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GAAP net
income |
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$ |
2,376,934 |
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$ |
2,207,655 |
Add: |
Interest expense |
|
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214,244 |
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167,451 |
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Provision for income
taxes |
|
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650,786 |
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|
635,159 |
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Depreciation and
amortization |
|
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424,962 |
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368,757 |
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Share-based compensation
expense |
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27,098 |
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27,360 |
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Rent expense (i) |
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431,176 |
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400,831 |
EBITDAR |
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$ |
4,125,200 |
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$ |
3,807,213 |
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Adjusted debt to
EBITDAR |
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1.95 |
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1.96 |
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(i) |
The table below outlines the calculation of Rent expense and
reconciles Rent expense to Total lease cost, per ASC 842, the most
directly comparable GAAP financial measure, for the twelve months
ended March 31, 2024 and 2023 (in thousands): |
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For the Twelve Months Ended |
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March 31, |
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2024 |
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2023 |
Total lease cost,
per ASC 842 |
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$ |
510,208 |
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$ |
476,439 |
Less: |
Variable non-contract operating
lease components, related to property taxes and insurance |
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79,032 |
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75,608 |
Rent expense |
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$ |
431,176 |
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$ |
400,831 |
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March 31, |
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2024 |
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2023 |
Selected Balance Sheet
Ratios: |
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Inventory turnover (1) |
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1.7 |
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1.7 |
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Average inventory per store
(in thousands) (2) |
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$ |
773 |
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$ |
754 |
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Accounts payable to inventory
(3) |
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127.3 |
% |
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133.3 |
% |
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For the Three Months Ended |
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March 31, |
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2024 |
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2023 |
Reconciliation of Free Cash Flow (in
thousands): |
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Net cash provided by
operating activities |
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$ |
704,215 |
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$ |
713,764 |
Less: |
Capital expenditures |
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249,240 |
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223,268 |
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Excess tax benefit from
share-based compensation payments |
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16,120 |
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4,378 |
Free cash flow |
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$ |
438,855 |
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$ |
486,118 |
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For the Three Months Ended |
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March 31, |
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2024 |
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2023 |
Revenue
Disaggregation (in thousands): |
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Sales to
do-it-yourself customers |
$ |
2,001,986 |
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$ |
1,918,467 |
Sales to professional service
provider customers |
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1,869,740 |
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1,711,964 |
Other sales, sales
adjustments, and sales from the acquired Vast Auto stores |
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104,514 |
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77,433 |
Total sales |
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$ |
3,976,240 |
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$ |
3,707,864 |
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For the Three Months Ended |
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For the Twelve Months Ended |
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March 31, |
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March 31, |
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2024 |
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2023 |
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2024 |
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2023 |
Store
Count: |
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Beginning domestic store count |
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6,095 |
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5,929 |
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5,986 |
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5,811 |
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New stores opened |
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36 |
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59 |
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146 |
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179 |
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Stores closed |
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— |
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(2 |
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(1 |
) |
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(4 |
) |
Ending domestic store
count |
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6,131 |
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5,986 |
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6,131 |
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5,986 |
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Beginning Mexico store
count |
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62 |
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42 |
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43 |
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27 |
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New stores opened |
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1 |
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1 |
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20 |
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16 |
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Ending Mexico store count |
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63 |
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43 |
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63 |
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43 |
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Beginning Canada store
count |
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— |
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— |
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— |
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— |
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Stores acquired |
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23 |
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— |
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23 |
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— |
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Ending Canada store count |
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23 |
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— |
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23 |
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— |
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Total ending store count |
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6,217 |
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6,029 |
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6,217 |
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6,029 |
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For the Three Months Ended |
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For the Twelve Months Ended |
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March 31, |
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March 31, |
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2024 |
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2023 |
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2024 |
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2023 |
Store and Team Member
Information: |
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Total employment |
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90,601 |
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89,125 |
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Square footage (in thousands)
(4) |
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47,143 |
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45,117 |
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Sales per weighted-average
square foot (4)(5) |
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$ |
82.59 |
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$ |
81.09 |
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$ |
341.62 |
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$ |
328.29 |
Sales per weighted-average
store (in thousands) (4)(6) |
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$ |
634 |
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$ |
611 |
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$ |
2,601 |
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$ |
2,467 |
(1) |
Calculated as cost of goods sold for the last 12 months divided by
average inventory. Average inventory is calculated as the average
of inventory for the trailing four quarters used in determining the
denominator. |
(2) |
Calculated as inventory divided by store count at the end of the
reported period. |
(3) |
Calculated as accounts payable divided by inventory. |
(4) |
Represents O’Reilly’s U.S. and Puerto Rico operations only. |
(5) |
Calculated as sales less jobber sales, divided by weighted-average
square footage. Weighted-average square footage is determined by
weighting store square footage based on the approximate dates of
store openings, acquisitions, expansions, or closures. |
(6) |
Calculated as sales less jobber sales, divided by weighted-average
stores. Weighted-average stores is determined by weighting stores
based on their approximate dates of openings, acquisitions, or
closures. |
O Reilly Automotive (NASDAQ:ORLY)
過去 株価チャート
から 4 2024 まで 5 2024
O Reilly Automotive (NASDAQ:ORLY)
過去 株価チャート
から 5 2023 まで 5 2024