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O'Reilly Automotive, Inc. Reports First Quarter 2025 Results
ORLYO’Reilly Automotive(ORLY) Newsfilter·2025-04-23 20:30

Core Insights - O'Reilly Automotive, Inc. reported record revenue for Q1 2025, with a total revenue of 4.14billion,anincreaseof4.14 billion, an increase of 161 million or 4% compared to 3.98billioninQ12024[2][3]−Comparablestoresalesincreasedby3.63.98 billion in Q1 2024 [2][3] - Comparable store sales increased by 3.6% in Q1 2025, building on a 3.4% increase in the same period last year, driven by growth in both professional and DIY segments [2][4] - The company maintains its full-year comparable store sales guidance of 2.0% to 4.0% and plans to open 200 to 210 new stores by the end of 2025 [2][8] Financial Performance - Gross profit for Q1 2025 was 2.12 billion, representing 51.3% of sales, up from 2.03billionor51.22.03 billion or 51.2% of sales in Q1 2024 [2][3] - Selling, general, and administrative expenses rose by 8% to 1.38 billion, accounting for 33.4% of sales, compared to 32.2% in the previous year [2] - Operating income decreased by 1% to 741million,or17.9741 million, or 17.9% of sales, down from 752 million or 18.9% of sales in Q1 2024 [2][3] Net Income and Earnings - Net income for Q1 2025 was 538million,adecreaseof538 million, a decrease of 9 million or 2% from 547millioninQ12024,representing13.0547 million in Q1 2024, representing 13.0% of sales compared to 13.8% [3][18] - Diluted earnings per share increased by 2% to 9.35 on 58 million shares, compared to 9.20on59millionsharesinthesameperiodlastyear[3][18]ShareRepurchaseProgram−InQ12025,thecompanyrepurchased0.4millionsharesatanaveragepriceof9.20 on 59 million shares in the same period last year [3][18] Share Repurchase Program - In Q1 2025, the company repurchased 0.4 million shares at an average price of 1,297.15, totaling an investment of 559million[5][7]−Anadditional0.1millionshareswererepurchasedafterQ1atanaveragepriceof559 million [5][7] - An additional 0.1 million shares were repurchased after Q1 at an average price of 1,378.80, totaling 122million[5][7]CashFlowandCapitalExpenditures−NetcashprovidedbyoperatingactivitiesforQ12025was122 million [5][7] Cash Flow and Capital Expenditures - Net cash provided by operating activities for Q1 2025 was 755 million, an increase from 704millioninQ12024[6][23]−CapitalexpendituresforQ12025were704 million in Q1 2024 [6][23] - Capital expenditures for Q1 2025 were 287 million, compared to $249 million in the same period last year [19][23] Store Expansion - The company opened 38 new stores in Q1 2025, contributing to a total of 6,416 stores across the U.S., Puerto Rico, Mexico, and Canada as of March 31, 2025 [2][24] - The company plans to continue its expansion strategy with a target of 200 to 210 new store openings for the full year [8][24]