NASDAQ$ORLY

O'Reilly Automotive Inc · Q1 2023 earnings

Q1 2023 earnings · · Investor relations

Briefing

O'Reilly Automotive reported record revenue and earnings, driven by strong comparable store sales growth and diluted earnings per share increase.

O'Reilly Automotive, Inc. announced record revenue and earnings for its first quarter ended March 31, 2023. The company reported a 10.8% increase in comparable store sales growth and a 15% increase in diluted earnings per share to $8.28. The company also opened its 6,000th store and expanded into Puerto Rico during the quarter.

  • Comparable store sales increased by 10.8%.
  • Diluted earnings per share increased by 15% to $8.28.
  • Opened the 6,000th store and expanded into Puerto Rico.
  • Sales for the first quarter increased 12% to $3.71 billion.

Headline financials

Total Revenue

$3.71B

Previous: $3.3B+12.5%
EPS (adj)

$8.28

Previous: $7.17+15.5%
Comparable Store Sales Growth

10.8%

Previous: 4.8%+125.0%
Capital Expenditures

-$223M

Previous: -$104M-114.7%
Free Cash Flow

$294M

Previous: $378M-22.3%
Net Income

$517M

Previous: $482M+7.3%
Operating Income

$717M

Previous: $670M+7.0%
Gross Profit

$1.89B

Previous: $1.71B+10.7%
Cash & Equivalents

$59.9M

Previous: $192M-68.7%
Total Assets

$13B

Previous: $11.8B+10.3%
Stock-Based Comp

$7.44M

Previous: $6.53M+13.8%

Revenue & EPS history

O'Reilly Auto · Revenue · Quarterly

$3.71B

Q1 2023+12.5%vs Q1 2022
Beat estimate in 9 of 15 quarters(60%)
ActualEstimate

Forward guidance

O'Reilly Automotive provided updated guidance for the full year 2023, including net new store openings between 180 to 190, comparable store sales growth of 4% to 6%, total revenue between $15.2 billion to $15.5 billion, and diluted earnings per share between $36.50 to $37.00.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2023

Historical avgQ1 2023

+0.9%

Avg return

Earnings day

+0.8%

Avg return

5 days after

+1.7%

Avg return

30 days after

54%

38 / 70 earnings

Positive

+14.6%

Q1 2018

Best reaction

-12.7%

Q1 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.5%+3.6%-5.3%
Q4 2025-4.0%-3.4%-2.2%
Q3 2025-2.9%-4.9%-0.8%
Q2 2025+0.0%-1.8%+3.0%
Q1 2025-2.1%+1.4%-0.4%
Q4 2024-1.3%-1.8%-2.2%
Q3 2024-0.5%-0.7%+1.8%
Q2 2024+4.2%+6.6%+6.4%
Q1 2024-3.5%-5.1%-9.6%
Q4 2023-3.0%-2.4%+3.1%
Q3 2023+5.7%+6.7%+13.2%
Q2 2023-4.6%-4.0%-3.5%
Q1 2023+2.0%+3.5%+2.8%
Q4 2022+2.0%+6.1%+2.4%
Q3 2022+4.8%+7.9%+10.3%
Q2 2022+4.7%+5.0%+3.5%
Q1 2022-12.7%-14.5%-9.4%
Q4 2021+3.3%+3.8%+6.0%
Q3 2021-5.1%-5.9%-3.4%
Q2 2021-3.3%-2.5%-4.0%
Q1 2021+2.7%+4.2%+0.5%
Q4 2020-4.4%-4.5%+6.5%
Q3 2020-3.1%-1.9%-1.6%
Q2 2020+6.8%+5.3%+2.9%
Q1 2020+4.5%+8.7%+13.0%
Q4 2019-2.3%-4.0%-9.7%
Q3 2019+9.2%+10.4%+9.5%
Q2 2019-4.2%-0.7%-3.8%
Q1 2019-4.0%-5.2%-7.3%
Q4 2018+2.0%+2.4%+1.6%
Q3 2018-4.6%-3.3%+3.0%
Q2 2018+3.3%+3.5%+12.4%
Q1 2018+14.6%+14.0%+19.4%
Q4 2017-1.1%-2.6%-1.7%
Q3 2017+5.2%+5.1%+6.4%
Q2 2017+7.7%+9.3%+8.3%
Q1 2017-2.6%-8.4%-5.9%
Q4 2016+5.1%+5.2%+4.2%
Q3 2016-9.7%-5.6%-1.3%
Q2 2016+2.4%+2.6%-1.2%
Q1 2016-2.7%
Q4 2015+5.6%
Q3 2015+6.1%
Q2 2015-1.2%
Q1 2015+5.2%
Q4 2014+7.7%
Q3 2014+5.4%
Q2 2014+4.0%
Q1 2014-0.2%
Q4 2013+9.1%
Q3 2013-6.5%
Q2 2013+3.5%
Q1 2013+4.7%
Q4 2012+0.0%
Q3 2012+3.5%
Q2 2012-2.1%
Q1 2012-0.4%
Q4 2011+0.9%
Q4 2008+0.9%
Q3 2011+0.1%
Q2 2011+2.8%
Q1 2011+0.1%
Q4 2010-0.3%
Q3 2009-0.2%
Q3 2010-0.2%
Q2 2009-1.3%
Q2 2010-1.3%
Q1 2010+3.1%
Q4 2009+3.1%
Q1 2009+3.1%

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