NASDAQ$ORLY

O'Reilly Automotive Inc · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

O'Reilly Automotive's Q2 2022 performance was reported, revealing a comparable store sales increase of 4.3% and diluted earnings per share of $8.78.

O'Reilly Automotive, Inc. announced record revenue for its second quarter ended June 30, 2022. Sales increased by 6% to $3.67 billion. Diluted earnings per share increased 5% to $8.78.

  • Second quarter comparable store sales growth of 4.3%, three-year stack increase of 30.4%
  • 25% three-year compound growth in second quarter diluted earnings per share
  • $1.4 billion net cash provided by operating activities year-to-date
  • Company repurchased 2.2 million shares of its common stock for $1.38 billion during the second quarter

Headline financials

Total Revenue

$3.67B

Previous: $3.47B+5.9%
EPS (adj)

$8.78

Previous: $8.33+5.4%
Comparable Store Sales Growth

4.3%

Previous: 9.9%-56.6%
Capital Expenditures

-$229M

Previous: -$223M-2.8%
Free Cash Flow

$348M

Previous: $363M-4.1%
Net Income

$577M

Previous: $585M-1.5%
Operating Income

$799M

Previous: $796M+0.4%
Gross Profit

$1.88B

Previous: $1.83B+3.2%
Cash & Equivalents

$254M

Previous: $632M-59.8%
Total Assets

$12.1B

Previous: $11.9B+1.0%
Stock-Based Comp

$6.17M

Previous: $6.28M-1.8%

Revenue & EPS history

O'Reilly Auto · Revenue · Quarterly

$3.67B

Q2 2022+5.9%vs Q2 2021
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Forward guidance

The company is reducing its full-year comparable store sales guidance to a range of 3% to 5%.

Tailwinds

  • Company remains confident in the strength of the core underlying demand drivers of its business.
  • Pleased with their start to the third quarter in July.
  • Extremely confident in their Team’s ability to execute their business model.
  • Confident in their ability to provide excellent customer service.
  • Confident in their ability to drive success as they finish out 2022.

Headwinds

  • Pressure on DIY customers from heightened inflation.
  • Pressure on DIY customers from high fuel prices.
  • Impacted year-to-date performance.
  • Factored the current environment into expectations for the second half of the year.
  • Reducing full-year comparable store sales guidance to a range of 3% to 5%.

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 Q2 2022

Historical avgQ2 2022

+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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