O'Reilly Automotive posts high third quarter profit, ups guidance

2 hours ago

(AWP Alliance News) - O'Reilly Automotive Inc on Thursday posted higher profit for the third quarter of 2026 as it upped its full-year guidance.

The Springfield, Missouri-based automotive parts retailer said net income in the third quarter ended September 30 increased, rising 8.2% to USD785.6 million from USD725.9 million a year ago.

Sales rose 8.7% to USD5.12 billion from USD4.71 billion the year prior.

Basic earnings per share increased 13% to USD0.97 per share from USD0.86 previously.

Chief Executive Officer, Brad Beckham, said: "Our impressive top-line growth, coupled with a USD39 million benefit from tariff refunds received during the third quarter, drove a 14% increase in our third quarter diluted earnings per share. We are extremely pleased with the continued ability of our Team to deliver industry-leading results through their hard work and unrelenting focus on our customers.

"As a result of our strong year-to-date performance and expectations for the remainder of 2026, we are raising our full-year 2026 comparable store sales guidance to a range of 5.5% to 6.5%. We are also raising our full-year 2026 gross margin guidance to a range of 51.6% to 52.1% and our operating profit guidance to a range of 19.5% to 20.0%."

Comparable store sales guidance was lifted from a range of 4.0% to 6.0%.

The firm expects full-year revenue of USD19.0 billion to USD19.3 billion, having upped forecasts from its already increased guidance of USD18.9 to USD19.2 billion.

Shares in O'Reilly closed up 0.6% at USD90.44 each on Wednesday in New York.

By Harvey Dorset, Alliance News reporter

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