earnings
confidence high
sentiment negative
materiality 0.75
O'Reilly Q2 comp sales +2.3%, EPS $10.55 (+3%); FY guidance cut to 2-4% comp sales
O REILLY AUTOMOTIVE INC
2024-Q2 EPS reported
$19.75
revenue$8,248,441,000
- Q2 revenue $4.27B (+5% YoY); net income $623M (-1%); diluted EPS $10.55 (+3%).
- Comparable store sales +2.3% (on top of +9.0% last year); soft demand in May, improvement in June.
- Full-year comparable sales guidance lowered from 3-5% to 2-4%; EPS guidance $40.75-$41.25.
- Repurchased 0.8M shares for $794M in Q2; year-to-date $1.06B at avg $1,016.43.
- Opened 64 new stores in H1; still targeting 190-200 net new stores for 2024.