O'Reilly Automotive reported second-quarter revenue of $4.89 billion, beating analyst estimates of $4.86 billion and marking an 8.1% year-on-year increase. The company raised its full-year revenue guidance to $19.05 billion at the midpoint, up from $18.85 billion, while its GAAP earnings per share of $0.86 matched consensus. Same-store sales rose 6%, driven by double-digit comparable sales growth in the professional segment for the fourth consecutive quarter, though DIY transaction counts declined slightly due to softer demand in hot-weather categories. Management noted that inflation benefits are expected to moderate in the second half of the year, and the company continues to invest in expansion, opening 110 net new stores year to date and a new 690,000-square-foot distribution center in Atlanta.
O’Reilly Automotive IncBeats Q2 revenue estimates and raises full-year guidance.