O’Reilly Automotive Shares Rise as Earnings, Revenue Beat in Q4 By Investing.com
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By Daniel Shvartsman
Investing.com – O’Reilly Automotive (NASDAQ 🙂 shares rose after 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 releaseO’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.
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