O’Reilly Automotive ( (ORLY) ) has released its Q4 earnings. Here is a breakdown of the information O’Reilly Automotive presented to its investors.
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O’Reilly Automotive, Inc. is a prominent retailer specializing in automotive aftermarket parts, tools, supplies, equipment, and accessories, catering to both do-it-yourself enthusiasts and professional service providers across the United States, Puerto Rico, Mexico, and Canada. The company recently reported its financial results for the fourth quarter and full year of 2024, marking the 32nd consecutive year of comparable store sales growth and achieving record revenue and operating income since its public listing in 1993. For the fourth quarter, O’Reilly Automotive recorded a 4.4% comparable store sales growth, contributing to a 7% increase in total sales to $4.10 billion compared to the previous year. Despite a minor decrease in net income for the quarter, the company achieved a 3% rise in diluted earnings per share. For the full year, total sales increased by 6% to $16.71 billion, with net income growing by 2% to $2.39 billion. The company successfully opened 198 new stores, expanding its footprint further. Looking forward, O’Reilly Automotive maintains a positive outlook for 2025, targeting additional store openings and projecting comparable store sales growth between 2.0% and 4.0%, alongside expected total revenue of $17.4 billion to $17.7 billion.
