Inflation and high gas prices impacted the company’s DIY business, O’Reilly stated.
The parts retailer reported a 14% increase in third quarter diluted earnings per share, and a year-to-date increase of 29%.
Leading suppliers share their insights on the small victories and lessons learned over the past 12 months.
Sales for the first quarter ended March 31 increased $128 million, or 6%, to $2.41 billion from $2.28 billion for the same period one year ago.
In the fourth quarter, sales from professional and DIY customers contributed to a 3.3 percent jump in same-store revenue growth, “with professional continuing to outperform DIY,” CEO Greg Johnson explained during the company’s Feb. 6 conference call.
O’Reilly expects to invest between $625 million and $675 million on capital expenditures (cap-ex) in 2019, up from $504.3 million in 2018.
The company reported a 27 percent increase in full-year diluted EPS to $16.10.
The 405,000-square-foot “ground-up” facility in Twinsburg will service approximately 275 stores, said O’Reilly Chief Operating Officer and Co-President Jeff Shaw, during the company’s third-quarter earnings call.
The winner will be selected from the four finalists, and celebrated with a ceremony in November and a formal announcement during AAPEX on Oct. 29.
Sales for the second quarter increased $165 million, or 7 percent, to $2.46 billion from $2.29 billion for the same period one year ago.
O’Reilly gives the award annually to the auto parts manufacturer partner that consistently delivers the best-in-class customer service support with quality, clean, timely and responsive catalog content data.
O’Reilly Automotive Reports 4th Quarter, Full-Year 2017 Results; Announces Additional $1B Share Repurchase Authorization
Sales for the year ended Dec. 31, 2017, increased $385 million, or 4 percent, to $8.98 billion from $8.59 billion for the same period one year ago.