Jump to content

  • Welcome to Auto Parts Forum

    Whether you are a veteran automotive parts guru or just someone looking for some quick auto parts advice, register today and start a new topic in our forum. Registration is free and you can even sign up with social network platforms such as Facebook, X, and LinkedIn. 

     

Recommended Posts

Posted

O’Reilly Automotive reported third-quarter sales of $3.8 billion, a 9% year-over-year increase.

Comparable-store sales rose 7.6%. On a three-year stack, comparable-store sales are up 31.2%, according to the company.

“Our team’s relentless focus on providing excellent service to our customers drove the robust sales strength in the quarter,” O’Reilly President and CEO Greg Johnson said in a news release. “Team O’Reilly once again delivered double-digit growth in our professional business for the quarter, while also driving low single-digit DIY sales growth. Our team’s outstanding top-line performance, coupled with a steadfast commitment to expense control, resulted in a 14% increase in third-quarter diluted earnings per share to $9.17, which represents a three-year compounded annual growth rate of 22%.

“I would like to take this opportunity to thank each of our over 84,000 team members for their continued hard work and unwavering commitment to providing unsurpassed levels of customer service – your dedication to our business and our customers remains the key to O’Reilly’s ongoing success.”

As of the end of the third quarter on Sept. 30, O’Reilly has opened 154 net new stores across 38 U.S. states and Mexico, and the company is on track to reach its goal of approximately 180 net new store openings in 2022, according to Johnson.  

“Our team of highly trained and technically proficient professional parts people continues to drive strong new store performance, and we remain very confident in our ability to profitably grow in both existing and new market areas,” Johnson added. “We are pleased to announce our 2023 new-store opening target of 180 to 190 net new stores, an increase over our 2022 growth, as we look forward to expanding the O’Reilly footprint and extending our long track record of profitable growth.”

The post

link hidden, please login to view
appeared first on
link hidden, please login to view
.

link hidden, please login to view

Sell your car with CarBrain

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Similar Topics

    • By AutoZone
      MEMPHIS, Tenn. , Sept. 24, 2024 (GLOBE NEWSWIRE) -- AutoZone, Inc. (NYSE: AZO) today reported net sales of $6.2 billion for its fourth quarter (17 weeks) ended August 31, 2024 , an increase of 9.0% from the fourth quarter of fiscal 2023 (16 weeks). Excluding sales from the additional week included
      link hidden, please login to view
    • By shelitaauto
      URL: 
      link hidden, please login to view Source: Gasgoo
      In the second quarter, 
      link hidden, please login to view’s electric vehicle sales in the United States again surpassed General Motors, ranking second in the U.S. electric vehicle market sales, and is on track to close the gap with Tesla.
      Ford Mustang Mach-E; Image source: Ford
       
      In the second quarter of this year, Ford sold 23,957 electric vehicles in the United States, a 61% increase from the same period last year, when total electric vehicle sales were 14,843. Meanwhile, Ford’s sales of hybrid vehicles rose 55 percent year over year. However, sales of internal combustion engine cars were down 5 per cent year on year.
      Ford saw double-digit sales growth for several of its electric vehicles. Sales of the Ford F-150 Lightning rose 76.9% to 7,902 units. While new competitors such as the Tesla Cybertruck and the Chevrolet Silverado EV RST have all hit the U.S. market, the Ford F-150 Lightning remained the best-selling electric truck in the U.S. in the first half of the year, with 15,654 units sold.
      Second-quarter sales of the Ford Mustang Mach-E were up 46.5% year-over-year to 12,645 units. In the first half of this year, 22,234 units of the Mustang Mach-E were delivered, the best performance ever. Sales of Ford’s E-Transit electric van continued to climb in the second quarter, rising 95.5 percent to 3,410 units from a year earlier.
      In the first half of 2024, Ford sold a total of 44,189 electric vehicles in the U.S. market, up 72% from 25,709 in the same period last year.
      Ford CEO Jim Farley said the automaker is shifting to smaller, more affordable electric vehicles to close the gap with Tesla and fend off competitors like BYD worldwide. Referring to Americans’ love affair with “larger vehicles,” Farley said smaller electric vehicles are “very important to driving the decarbonisation of American society and the development of electric vehicles.”
      Ford’s surge in electric vehicle sales in the US market is enough for it to continue to overtake General Motors. In the United States, GM delivered 21,930 electric vehicles in the second quarter, compared with 38,355 in the first half of 2024.
      GM is also ramping up production by introducing new models, with electric models such as the Chevrolet Blazer, Equinox and Silverado coming to the U.S. market. While Tesla did not give specific sales figures by region, its second-quarter electric vehicle sales worldwide exceeded expectations, delivering 443,956 electric vehicles and remaining №1 in the U.S. market.
      As competition in the U.S. electric vehicle market intensifies, other competitors, including Hyundai and Kia, also set new EV sales records in the second quarter. Hyundai Motor, for example, set a new sales record with its IONIQ 5 model, which sold 18,728 units in the first half of the year. Meanwhile, sales of Kia’s first three-row electric SUV, the EV9, are also climbing.
    • By TT-ABC
      TT-ABC produces various brands of car headlights and taillights. For example, Toyota (Camry, 4Runner, Land Cruiser, FJ Cruiser, Prado, Highlander, Avalon, CHR), Honda (Accord, Civic, Jazz, CR-V), BMW, Mercedes-Benz, Lexus, Ford, Tesla, Land Rover, Dodge, Chevrolet, Mitsubishi, Cadillac, Nissan, Hyundai, etc. We support bulk purchases and custom development. We launch new products every month. You can follow our social media accounts and our official website (search "TT-ABC" on Google). We have sales promotions on various platforms. You can search TT-ABC on various platforms to find us. Our company has always been known for its service. Our headlights and taillights have a one-year warranty and 24-hour quick response.
      This is our official store:
      link hidden, please login to view










    • By shelitaauto
      Source: Gasgoo
      URL: 
      link hidden, please login to view According to foreign media reports, the Australian Federal Automobile Industry Chamber of Commerce released automobile sales data in May, the month of new car sales in Australia hit a record high. Sales of hybrid vehicles doubled year on year to reach 15.8 percent of the market, compared with a 0.4 percent increase in electric vehicle sales.
      Almost one in every four new cars in Australia is currently a low-emission vehicle, so hybrid and electric vehicles are taking a greater share of the market. Meanwhile, Australians’ love affair with larger cars is still on the rise, with SUVs still dominating and ute sales continuing to grow.
      This trend has more than doubled the popularity of hybrid cars in 2024, with more than 66,000 units sold, compared to less than 30,000 in the same period in 2023.
      Electric vehicle sales also increased in Australia in May, with more than 8,900 units sold, accounting for 8.1 per cent of all new car sales, with more than 40,000 new electric vehicles on the road in Australia in the first five months of the year.
      Tony Weber, the chamber’s chief executive, said the auto industry is working hard to meet the needs of drivers. “The continued growth in vehicle sales underscores consumer confidence and demonstrates the industry’s ability to meet the diverse needs of Australian consumers in the face of the current economic challenges,” he said.
      However, large vehicles remain a popular choice for drivers regardless of fuel consumption, with SUVs accounting for more than half of vehicles sold and light commercial vehicles accounting for 22 percent of new vehicles. UTE also took three of the top five best-selling cars in May, with the Ford Ranger taking the top spot, followed by the Toyota Hilux and Isuzu’s D-Max light truck in fourth place.

      Image source: Ford
      Toyota was again the top-selling car manufacturer in Australia for the month, followed by Ford, Mazda, Kia and Hyundai. The data also showed a drop in sales for electric car leader Tesla, with the US company selling 3,567 vehicles in Australia in May, compared with 4,476 in the same month last year.
      Its main electric car rival BYD, however, saw sales climb, with the Chinese company selling 1,914 electric vehicles in the month, up 32 percent from a year earlier.
      The growing sales of electric and hybrid vehicles come ahead of the introduction in January of Australia’s first fuel efficiency standard, a legal standard that will set emissions limits on carmakers’ fleets of passenger cars, large and commercial vehicles in an attempt to reduce transport emissions by 2030.
       
    • By AutoZone
      MEMPHIS, Tenn. , May 21, 2024 (GLOBE NEWSWIRE) -- AutoZone, Inc. (NYSE: AZO) today reported net sales of $4.2 billion for its third quarter (12 weeks) ended May 4, 2024 , an increase of 3.5% from the third quarter of fiscal 2023 (12 weeks). Same store sales, or sales for our domestic and
      link hidden, please login to view

×
  • Create New...