Strong Comparable Store Sales Increase
O'Reilly Auto Parts reported a solid comparable store sales increase of 5.6% in the third quarter, driven by a 10% increase in professional sales.
Operating Income and EPS Growth
The company achieved a 9% increase in operating income and a 12% increase in diluted earnings per share, demonstrating profitable growth.
Updated Full Year Guidance
O'Reilly raised its full year comparable store sales guidance from a range of 3% to 4.5% to a range of 4% to 5%.
Expansion and New Store Openings
The company opened 55 net new stores in the third quarter and is on track to open 200 to 210 net new stores by year-end 2025, with plans for 225 to 235 new stores in 2026.
Effective Tax Rate Reduction
O'Reilly reduced its full year effective tax rate guidance from 22.3% to 21.6%, including benefits from accelerated payment of renewable energy tax credits.