O’Reilly Automotive Shares Rise as Earnings, Revenue Beat in Q4 By Investing.com

O’Reilly Automotive Earnings, Revenue Beat in Q4

By Daniel Shvartsman

Investing.com – O’Reilly Automotive (NASDAQ:) shares rose after the auto parts retailer reported fourth quarter that beat analysts’ forecasts and revenue that topped expectations.

O’Reilly Automotive announced earnings per share of $7.64 on revenue of $3.29B. Analysts polled by Investing.com anticipated EPS of $6.04 on revenue of $3.1B. The full-year financial results were “the best financial results” in company history for the second year in a row.

In the press release, O’Reilly’s CEO and Co-President Greg Johnson said, “Our full-year 2021 comparable store sales growth of 13.3%, on top of our strong 2020 performance, represents a two-year stack of 24.2% and is a testament to our Team’s unrelenting dedication to our customers.”

The company also issued guidance for 2022, including revenue of $14.2B-$14.5B, implying growth of 6.8-9% for the year. They call for comparable store sales growth of 5-7% along with 175-185 new store openings on net. The company expects $32.35-$32.85/share in diluted earnings and $1.3B-$1.6B in free cash flow.

O’Reilly Automotive shares gained 4.8% in after-hours trading following the report.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source Link