It isn't just high-flying tech stocks that are putting up massive shareholder returns. Since August 2019, the S&P 500 has produced a total return of 97%. This is much better than the broad index's historical annualized gain of roughly 10%. But there's one phenomenal retail stock that has crushed the S&P 500. In the past five years, it has soared 202% (as of Aug. 7), a fantastic gain that would've tripled an investor's capital. Continue reading to learn more about this stellar business that you might not alr ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________ O'REILLY AUTOMOTIVE, INC. (Exact name of registrant as specified in its charter) Missouri 000-21318 27-4358837 (State or other jurisdiction of Commis ...

deepblue4you In this article, I will focus on the development of the first full quarter under the leadership of new O'Reilly's CEO Brad Beckam, and why I believe despite being short on consensus expectations for top and bottom lines and lowering the guidance for 2024, the stock price went up the day after the release (25th of July 2024). Revenues: Outperforming The Industry 1 11 O'Reilly Automotive, Inc. (NASDAQ:ORLY) has recently reported its Q2 results, and while the company is starting to feel the tough ...

O'Reilly Automotive, Inc. ORLY reported worse-than-expected second-quarter financial results and issued FY24 guidance below estimates, after the closing bell on Wednesday. O'Reilly Automotive said it sees FY24 earnings of $40.75 to $41.25 per share, versus estimates of $41.86 per share. The company expects total revenue of $16.6 billion to $16.9 billion versus estimates of $17.85 billion. Truist Securities analyst Scot Ciccarelli maintained O'Reilly Automotive with a Buy rating and raised the price target f ...

Financial Data and Key Metrics - The company revised its full-year EPS guidance to a range of $40.75 to $41.25, reflecting a forecasted 7% increase in full-year EPS at the midpoint [5] - Comparable store sales increased by 2.3% in Q2 2024, driven by a $70 million non-comp contribution from stores opened in 2023 and 2024 [17] - Free cash flow for the first six months of 2024 was $1.2 billion, in line with the first half of 2023, with expected full-year free cash flow guidance unchanged at $1.8 billion to $2.1 billion [18] - Gross margin for Q2 2024 was 50.7%, down 53 basis points from Q2 2023, with 35 basis points of the decrease driven by the acquisition of the Canadian business [97] Business Line Performance - Strong performance in hot weather-related categories such as batteries and HVAC, as well as solid performance in maintenance categories like brakes, oil changes, and spark plugs [8] - Professional business delivered mid-single-digit comps, with robust growth in ticket counts, partially offset by headwinds in DIY comparable store sales, which were down just shy of 1% [88][89] - Discretionary appearance and accessory categories experienced more pronounced softness, contributing to the sales shortfall in Q2 [90] Market Performance - The company outperformed the industry despite a sales performance that fell short of expectations, driven by strong customer service and inventory availability [4][7] - Improved trends in June were driven by strong performance in hot weather-related categories, with July sales trends remaining solid but moderating compared to last year [6][26] Company Strategy and Industry Competition - The company remains bullish on its prospects to compound share growth in the highly fragmented professional market [7] - The company is committed to maintaining a high standard of customer service and will not make dramatic adjustments to SG&A spend that would negatively impact service levels [108] - The company continues to invest in distribution infrastructure to support store growth, with three active DC projects underway [53] Management Commentary on Operating Environment and Future Outlook - Management acknowledged potential demand impact in the back half of the year due to economic uncertainty, particularly during an election year [9] - The company lowered its full-year comparable store sales guidance to 2% to 4%, reflecting Q2 results and updated expectations for Q3 and Q4 [93] - Management remains confident in the long-term fundamental drivers of demand for the automotive aftermarket, citing the size and growth of the car park in North America and the rising average vehicle age [94][95] Other Important Information - The company opened 27 stores in Q2 2024 and remains on track to open 190 to 200 new stores in 2024, including 15 to 20 stores in Mexico [104] - The company repurchased 784,000 shares in Q2 2024 at an average price of $1,012, totaling $794 million [115] - Mark Merz, Head of Investor Relations, will transition to a new role in the Mexican operation, with Leslie Skorick taking over Investor Relations duties [19][20] Q&A Session Summary Question: Discretionary Goods Softness and Gross Margin Impact - Discretionary categories, though a smaller portion of the business, were down significantly, contributing to the overall comp pressure [24] - The Canadian business is expected to be slightly more dilutive to gross margins than originally anticipated, but the full-year gross margin guidance remains unchanged [23][120] Question: July Sales Trends - July sales trends remained solid but moderated compared to June, with weather benefits seen in June easing in July [26][27] Question: Undercar Parts Performance - The company observed some deferral of high-ticket undercar repairs but no significant trade-down in product categories [124][125] Question: Catalyst for Industry Growth - The company believes its ability to execute and maintain high service levels will be key to driving continued share gains, even in a challenging environment [131][132] Question: Store Openings and Distribution Investments - The company remains on track with its store opening plans, including growth in Mexico, and continues to invest in distribution infrastructure [52][53] Question: Employee Mix and Cost Structure - The company has increased its full-time employee mix, which has improved productivity and service levels, providing flexibility in managing costs during periods of moderate growth [55][137] Question: Weather Impact on Industry Growth - Weather had a mixed impact on Q2 performance, with June benefiting from hot weather but July moderating due to comparisons with last year's favorable weather [142][143] Question: Product Acquisition Costs - The company expects product acquisition costs to normalize in the back half of the year, contributing to gross margin stability [145][146] Question: July DIY Performance - DIY performance in July remained consistent with trends seen earlier in the year, with solid performance in hot weather-related categories [150]

O'Reilly Automotive, Inc. (ORLY) reported second-quarter 2024 adjusted earnings per share (EPS) of $10.55, falling short of the Zacks Consensus Estimate of $10.95. The bottom line increased from $10.22 per share reported in the prior-year quarter. The automotive parts retailer registered quarterly revenues of $4.27 billion, missing the Zacks Consensus Estimate of $4.32 billion. The top line, however, increased 5% year over year. Financials, Share Repurchase & Costs During the reported quarter, O'Reilly repu ...

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance. View all Key Company Metrics for O'Reilly Automotive here>>> The reported revenue compares to the Zacks Consensus Estimate of $4.32 billion, representing a surprise of -1.19%. The company delivered an EPS surprise of -3.65%, with t ...

What's Next for O'Reilly Automotive? This company is expected to post quarterly earnings of $0.09 per share in its upcoming report, which represents a year-over-year change of +80%. The consensus EPS estimate for the quarter has been revised 13.6% higher over the last 30 days to the current level. This quarterly report represents an earnings surprise of -3.65%. A quarter ago, it was expected that this auto parts retailer would post earnings of $9.18 per share when it actually produced earnings of $9.20, del ...

Exhibit 99.1 FOR IMMEDIATE RELEASE O'REILLY AUTOMOTIVE, INC. REPORTS SECOND QUARTER 2024 RESULTS ● Second quarter comparable store sales growth of 2.3% ● 7% increase in year-to-date earnings per share to $19.75 ● $1.7 billion net cash provided by operating activities year-to-date Springfield, MO, July 24, 2024 – O'Reilly Automotive, Inc. (the "Company" or "O'Reilly") (Nasdaq: ORLY), a leading retailer in the automotive aftermarket industry, today announced record revenue for its second quarter ended June 30 ...

Zacks Consensus Estimate Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change. A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ...