O’Reilly Automotive, Inc. Reports Second Quarter 2017 Comparable Store Sales Results and Announces Dates for Its Second Qua...
05 Julho 2017 - 9:05AM
O’Reilly Automotive, Inc. (the “Company” or “O’Reilly”)
(Nasdaq:ORLY), a leading retailer in the automotive aftermarket
industry, today announced its 2017 second quarter comparable store
sales results of 1.7%, which fell short of previously issued second
quarter comparable store sales guidance of 3% to 5%, and announced
the release date for its full second quarter 2017 results as
Wednesday, July 26, 2017, with a conference call to follow on
Thursday, July 27, 2017.
Greg Henslee, O’Reilly’s CEO stated, “After
exiting the first quarter and entering April on an improved sales
trend, we faced a more challenging sales environment than we
expected for the remainder of the quarter. Our second quarter
comparable store sales results of 1.7% represent an improvement
over our first quarter, but fell below our guidance of 3% to 5%,
due to what we believe were continued headwinds from a second
consecutive mild winter and overall weak consumer demand. The
comparable store sales shortfall will also have a consequent impact
on our operating profitability, which we will report in our full
second quarter earnings release on July 26th.” Mr. Henslee
added, “While we are disappointed with our sales results in the
first half of the year, we remain confident in the long-term health
of our industry and our team’s ability to provide exceptional
customer service and take market share in this challenging demand
environment.”
2nd Quarter Comparable Store Sales Results
Comparable store sales are calculated based on
the change in sales for stores open at least one year and exclude
sales of specialty machinery, sales to independent parts stores and
sales to Team Members, as well as the sales from Leap Day in the
six months ended June 30, 2016. Comparable store sales
increased 1.7% for the second quarter ended June 30, 2017, on
top of 4.3% for the same period one year ago. Comparable
store sales increased 1.3% for the six months ended June 30,
2017, on top of 5.1% for the same period one year ago.
Earnings Conference Call Information
The Company’s full second quarter 2017 results
will be released after 3:30 p.m. central time on Wednesday, July
26, 2017, and can be viewed, at that time, on the Company’s website
at www.oreillyauto.com by clicking on “Investor Relations” and
then “News Room.”
Investors are invited to listen to the Company’s
conference call discussing the financial results for the second
quarter of 2017, on Thursday, July 27, 2017, at 10:00 a.m. central
time, via webcast on the Company’s website at
www.oreillyauto.com by clicking on “Investor Relations” and
then “News Room.” Interested analysts are invited to join the
call. The dial-in number for the call is (847) 619-6397 and
the conference call identification number is 45130675. A
replay of the conference call will be available on the Company’s
website through July 26, 2018.
About O’Reilly Automotive, Inc.
O’Reilly Automotive, Inc. was founded in 1957 by
the O’Reilly family and is one of the largest specialty retailers
of automotive aftermarket parts, tools, supplies, equipment and
accessories in the United States, serving both the do-it-yourself
and professional service provider markets. Visit the
Company’s website at www.oreillyauto.com for additional
information about O’Reilly, including access to online shopping and
current promotions, store locations, hours and services, employment
opportunities and other programs. As of March 31, 2017, the
Company operated 4,888 stores in 47 states.
Forward-Looking StatementsThe
Company claims the protection of the safe-harbor for
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. You can identify
these statements by forward-looking words such as “estimate,”
“may,” “could,” “will,” “believe,” “expect,” “would,” “consider,”
“should,” “anticipate,” “project,” “plan,” “intend” or similar
words. In addition, statements contained within this press
release that are not historical facts are forward-looking
statements, such as statements discussing, among other things,
expected growth, store development, integration and expansion
strategy, business strategies, future revenues and future
performance. These forward-looking statements are based on
estimates, projections, beliefs and assumptions and are not
guarantees of future events and results. Such statements are
subject to risks, uncertainties and assumptions, including, but not
limited to, the economy in general, inflation, product demand, the
market for auto parts, competition, weather, risks associated with
the performance of acquired businesses, our ability to hire and
retain qualified employees, consumer debt levels, our increased
debt levels, credit ratings on public debt, governmental
regulations, terrorist activities, war and the threat of war.
Actual results may materially differ from anticipated results
described or implied in these forward-looking statements.
Please refer to the “Risk Factors” section of the annual report on
Form 10-K for the year ended December 31, 2016, for additional
factors that could materially affect the Company’s financial
performance. Forward-looking statements speak only as of the
date they were made and the Company undertakes no obligation to
publicly update any forward-looking statements, whether as a result
of new information, future events or otherwise, except as required
by applicable law.
Mark Merz
417-829-5878
O Reilly Automotive (NASDAQ:ORLY)
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