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O鈥橰eilly Automotive, Inc. Reports Second Quarter 2025 Results

• Second quarter comparable store sales growth of 4.1%
• 11% increase in second quarter diluted earnings per share to $0.78
• $1.51 billion net cash provided by operating activities year-to-date
  

SPRINGFIELD, Mo., July 23, 2025 (GLOBE NEWSWIRE) -- O鈥橰eilly Automotive, Inc. (the 鈥淐ompany鈥� or 鈥淥鈥橰eilly鈥�) (Nasdaq: ORLY), a leading retailer in the automotive aftermarket industry, today announced record revenue and earnings for its second quarter ended June听30,听2025.

2^nd Quarter Financial Results

Brad Beckham, O鈥橰eilly鈥檚 CEO, commented, 鈥淚 would like to thank our Team of over 92,000 Professional Parts People for their tremendous hard work and commitment to providing industry-leading customer service in each of our 6,483 stores. Team O鈥橰eilly鈥檚 dedication was reflected in our strong top-line performance this quarter with a comparable store sales increase of 4.1%, driven by solid growth in both professional and DIY. Our Team鈥檚 unwavering commitment to executing on the fundamentals of our business translated our top-line results into an 11% increase in diluted earnings per share, and we remain very confident in our Team鈥檚 ability to continue to profitably grow our business and gain share in all the markets in which we operate.鈥�

Sales for the second quarter ended June听30,听2025, increased $253 million, or 6%, to $4.53 billion from $4.27 billion for the same period one year ago. Gross profit for the second quarter increased 7% to $2.33 billion (or 51.4% of sales) from $2.17 billion (or 50.7% of sales) for the same period one year ago. Selling, general and administrative expenses (鈥淪G&A鈥�) for the second quarter increased 8% to $1.41 billion (or 31.2% of sales) from $1.30 billion (or 30.5% of sales) for the same period one year ago. Operating income for the second quarter increased 6% to $914 million (or 20.2% of sales) from $863 million (or 20.2% of sales) for the same period one year ago.

Net income for the second quarter ended June听30,听2025, increased $46 million, or 7%, to $669 million (or 14.8% of sales) from $623 million (or 14.6% of sales) for the same period one year ago. Diluted earnings per common share for the second quarter increased 11% to $0.78 on 858 million shares versus $0.70 on 886 million shares for the same period one year ago. The Company completed a 15-for-1 forward stock split on June 10, 2025, and accordingly all share and per share data in current and comparable periods have been adjusted to reflect the split.

Year-to-Date Financial Results

Mr. Beckham concluded, 鈥淎s a result of our solid performance in the first half of 2025, we are increasing our full-year comparable store sales guidance to a range of 3% to 4.5%, which reflects our updated expectations based on the sales trends we are currently seeing in our business. During the first half of 2025, we opened 105 net, new stores across 34 U.S. states, Puerto Rico, and Mexico. We are also excited to have opened our 100th store in Mexico in July, an exciting milestone for our Team. We believe we are well positioned to achieve our target of 200 to 210 net, new stores during 2025.鈥�

Sales for the first six months of 2025 increased $414 million, or 5%, to $8.66 billion from $8.25 billion for the same period one year ago. Gross profit for the first six months of 2025 increased 6% to $4.45 billion (or 51.4% of sales) from $4.20 billion (or 50.9% of sales) for the same period one year ago. SG&A for the first six months of 2025 increased 8% to $2.79 billion (or 32.2% of sales) from $2.59 billion (or 31.4% of sales) for the same period one year ago. Operating income for the first six months of 2025 increased 2% to $1.66 billion (or 19.1% of sales) from $1.62 billion (or 19.6% of sales) for the same period one year ago.

Net income for the first six months of 2025 increased $37 million, or 3%, to $1.21 billion (or 13.9% of sales) from $1.17 billion (or 14.2% of sales) for the same period one year ago. Diluted earnings per common share for the first six months of 2025 increased 6% to $1.40 on 861 million shares versus $1.32 on 889 million shares for the same period one year ago.

2^nd Quarter Comparable Store Sales Results

Comparable store sales are calculated based on the change in sales for U.S. stores open at least one year and exclude sales of specialty machinery, sales to independent parts stores, and sales to Team Members, as well as sales from Leap Day for the six months ended June听30,听2024. Online sales for ship-to-home orders and pick-up-in-store orders for U.S. stores open at least one year are included in the comparable store sales calculation. Comparable store sales increased 4.1% for the second quarter ended June听30,听2025, on top of 2.3% for the same period one year ago. Comparable store sales increased 3.9% for the six months ended June听30,听2025, on top of 2.8% for the same period one year ago.

Share Repurchase Program

During the second quarter ended June听30,听2025, the Company repurchased 6.8 million shares of its common stock, at an average price per share of $90.71, for a total investment of $617 million. During the first six months of 2025, the Company repurchased 13.3 million shares of its common stock, at an average price per share of $88.65, for a total investment of $1.18 billion. Excise tax on shares repurchased, assessed at one percent of the fair market value of shares repurchased, was $11.8 million for the six months ended June听30,听2025. Subsequent to the end of the second quarter and through the date of this release, the Company repurchased an additional 1.7 million shares of its common stock, at an average price per share of $91.45, for a total investment of $160 million. The Company has repurchased a total of 1.46 billion shares of its common stock under its share repurchase program since the inception of the program in January of 2011 and through the date of this release, at an average price of $18.27, for a total aggregate investment of $26.59 billion.听听 As of the date of this release, the Company had approximately $1.16 billion remaining under its current share repurchase authorization.

Updated Full-Year 2025 Guidance

The table below outlines the Company鈥檚 updated guidance for selected full-year 2025 financial data:

Non-GAAP Information

This release contains certain financial information not derived in accordance with United States generally accepted accounting principles (鈥淕AAP鈥�). These items include adjusted debt to earnings before interest, taxes, depreciation, amortization, share-based compensation, and rent (鈥淓BITDAR鈥�) and free cash flow. 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 Company believes that the presentation of adjusted debt to EBITDAR and free cash flow provide meaningful supplemental information to both management and investors that is indicative of the Company鈥檚 core operations. 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.

Earnings Conference Call Information

The Company will host a conference call on Thursday, July 24, 2025, at 10:00 a.m. Central Time to discuss its results as well as future expectations. Investors may listen to the conference call live on the Company鈥檚 website at www.OReillyAuto.com by clicking on 鈥淚nvestor Relations.鈥� Interested analysts are invited to join the call. The dial-in number for the call is (888) 506-0062 and the conference call identification number is 692379. A replay of the conference call will be available on the Company鈥檚 website through Thursday, July 23, 2026.

About O鈥橰eilly Automotive, Inc.

O鈥橰eilly Automotive, Inc. was founded in 1957 by the O鈥橰eilly family and is one of the largest specialty retailers of automotive aftermarket parts, tools, supplies, equipment, and accessories in the United States, serving both the do-it-yourself and professional service provider markets. Visit the Company鈥檚 website at www.OReillyAuto.com for additional information about O鈥橰eilly, including access to online shopping and current promotions, store locations, hours and services, employment opportunities, and other programs. As of June听30,听2025, the Company operated 6,483 stores across 48 U.S. states, Puerto Rico, Mexico, and Canada.

Forward-Looking Statements

The Company claims the protection of the safe-harbor for forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by forward-looking words such as 鈥渆stimate,鈥� 鈥渕ay,鈥� 鈥渃ould,鈥� 鈥渨ill,鈥� 鈥渂elieve,鈥� 鈥渆xpect,鈥� 鈥渨ould,鈥� 鈥渃onsider,鈥� 鈥渟hould,鈥� 鈥渁nticipate,鈥� 鈥減roject,鈥� 鈥減lan,鈥� 鈥渋ntend,鈥� 鈥済uidance,鈥� 鈥渢arget,鈥� or similar words. 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. These forward-looking statements are based on estimates, projections, beliefs, and assumptions and are not guarantees of future events and results. Such statements are subject to risks, uncertainties, and assumptions, including, but not limited to, the economy in general; inflation; consumer debt levels; product demand; a public health crisis; the market for auto parts; competition; weather; trade disputes and changes in trade policies, including the imposition of new or increased tariffs; availability of key products and supply chain disruptions; business interruptions, including terrorist activities, war and the threat of war; failure to protect our brand and reputation; challenges in international markets; volatility of the market price of our common stock; our increased debt levels; credit ratings on public debt; damage, failure, or interruption of information technology systems, including information security and cyber-attacks; historical growth rate sustainability; our ability to hire and retain qualified employees; risks associated with the performance of acquired businesses; and governmental regulations. Actual results may materially differ from anticipated results described or implied in these forward-looking statements. Please refer to the 鈥淩isk Factors鈥� section of the annual report on Form 10-K for the year ended December听31,听2024, and subsequent Securities and Exchange Commission filings, for additional factors that could materially affect the Company鈥檚 financial performance. Forward-looking statements speak only as of the date they were made, and the Company undertakes no obligation to publicly update any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by applicable law.