O’reilly Automotive, Inc. Reports Fourth Quarter And Full-Year 2022 Results

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 big gains in revenue and still strong operating margin expansion helped EPS grow, but we need to be mindful that margins have been crimped slightly. O'reilly's near me phone number two. Accounts payable to inventory(3). Quad 7 Capital was founded in 2017 by a team that consists of a long time investor, health researcher, financial author, professor, professional cardplayer, and hedge fund analysts. In thousands, except per share data). In Q4 2022, O'Reilly reported sales of $3.

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Store Count: Beginning domestic store count. 2) Calculated as inventory divided by store count at the end of the reported period. Something went try again later. Online sales for ship-to-home orders and pick-up-in-store orders for U. stores open at least one year are included in the comparable store sales calculation. Amortization of debt discount and issuance costs. Diluted earnings per share(1). Amounts receivable from suppliers. Oreillys near me phone number. Full-Year 2023 Guidance. The results represent 30 consecutive years of comparable stores sales growth and record revenue and operating income for O'Reilly since becoming a public company in April of 1993. Six-times rent expense. Visit the Company's website at for additional information about O'Reilly, including access to online shopping and current promotions, store locations, hours and services, employment opportunities and other programs. 7% for the fourth quarter. 0% growth in comparable store sales and a 10% increase in diluted earnings per share.

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Given expectations for margins around 51% and sales around $15. Team O'Reilly once again exceeded our expectations and delivered robust top-line growth on top of a record-breaking 14. A replay of the conference call will be available on the Company's website through Thursday, February 8, 2024. O'reilly's near me phone number one. I would like to thank our over 85, 000 Team Members for their ongoing dedication to our continued profitable growth and for their unrelenting focus on providing excellent customer service. O'Reilly Automotive, Inc is a great long-term investment. Keep in mind, there will be new stores opening, also helping revenues, and our 175+ target is conservative relative to the 180-190 management is guiding for 2023. 08 billion, or 8%, to $14. The company has very respectable gross margins and great sales growth, which helped offset guidance that was positive though less so than in years past. Total ending store count.

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Gross margins came in at 50. Operating income also increased 1% to $682 million, or 18. Property and equipment, at cost. We think the market as whole will pull back heavily and have been encouraging members to take profit on rips in the market. Disclosure: I/we have a beneficial long position in the shares of ORLY either through stock ownership, options, or other derivatives. Cost of goods sold, including warehouse and distribution expenses. Weighted-average stores is determined by weighting stores based on their approximate dates of openings, acquisitions or closures. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS. Discount on senior notes.

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The company once again exceed sales expectations overall and exceeded same-store sales expectations. Depreciation and amortization. The company also operates 42 stores in Mexico. 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. Like our thought process? 44 and an incredible three-year compounded annual growth rate of 23%. 15 billion net cash provided by operating activities in 2022. The company has experience with government, academia, and private industry, including investment banking, boutique trading firms, and hedge funds. The company continues with its solid buyback, which ensures additional earnings per share growth over time, on top of the organic growth. Sales per weighted-average store (in thousands)(6). Earnings per share-assuming dilution: 8.

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Effective income tax rate. O'Reilly invested another $421 million into new purchases at an average price of $786. Principal payments on long-term debt. We believe the stock is heading for $1, 000 by year end, but should pull back with the market near-term. Effect of exchange rate changes on cash. Quad 7 Capital as a whole has expertise in business, policy, economics, mathematics, game theory and the sciences. 80 billion we were targeting. Inflation has both helped and harmed margins, as input costs have risen, but so as the average ticket price per item available for sale.

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5% positive comps based on historical metrics. 5% comps as likely, but management guided 4-6%. ORLY stock has been frothy since November, though has pulled back from highs of $870. This is still strong and led to a 7% increase in gross profit. We like buying shares in the $770-$790 range. This result also beat consensus by $0. 01 par value: Authorized shares – 245, 000, 000.

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Supplemental disclosures of cash flow information: Income taxes paid. Comparable store sales. The fact is that comparable sales improve year after year for the company, other than the pandemic year 2020. 64 billion, which was a 10. For Q4, we saw EPS rise 10% to $8. 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. Repurchases of common stock. CONDENSED CONSOLIDATED BALANCE SHEETS. 44 on 65 million shares versus $31.

Square footage (in thousands). The thing we love about this company is the shareholder boost from the amazing buyback program. This helped drive EPS to $8. Net proceeds from issuance of common stock. 0% we initially pegged for 2023. 5 billion, a touch under the $15. Self-insurance reserves. Current assets: Cash and cash equivalents. Net cash used in financing activities. Folks, this is still a fine result, though is a bit lighter than the 51. Cash and cash equivalents at end of the period.

We continually evaluate the compensation and benefits we provide to our Team Members to ensure we are attracting and developing the best professional parts people in the industry. Operating lease, right-of-use assets. 7% year-over-year increase from $3. I am not receiving compensation for it (other than from Seeking Alpha). Operating lease liabilities, less current portion. O'REILLY AUTOMOTIVE, INC. AND SUBSIDIARIES. Average inventory is calculated as the average of inventory for the trailing four quarters used in determining the denominator. If you want to win, follow us, and if you want to make money, sign up to BAD BEAT investing today. 35 billion for the year expected, assuming a commensurate level of repurchase activity (management has bought back 0. SPRINGFIELD, Mo., Feb. 08, 2023 (GLOBE NEWSWIRE) -- 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 fourth quarter and full-year ended December 31, 2022. Sure, in a few years, your O'Reilly Automotive, Inc. investment is very likely to be higher, but we want you to also be tactical. This has worked, as you can see with the trends in EPS over the last few years, growing 23% compounded over three years. Please refer to the "Risk Factors" section of the annual report on Form 10-K for the year ended December 31, 2021, and subsequent Securities and Exchange Commission filings for additional factors that could materially affect the Company's financial performance.

Selling, general and administrative expenses ("SG&A") for the fourth quarter increased 11% to $1. 67, 029, 042 as of December 31, 2021.