O'Reilly Automotive (ORLY) Tops Q4 EPS by 27c, Revenues Beat; Offers FY21 Revenue Mid-Point Guidance Below Consensus

O'Reilly Automotive (NASDAQ: ORLY) reported Q4 EPS of $5.40, $0.27 better than the analyst estimate of $5.13. Revenue for the quarter came in at $2.83 billion versus the consensus estimate of $2.78 billion.

• Fourth quarter comparable store sales increase of 11.2%, full-year increase of 10.9%
• 27% increase in fourth quarter diluted earnings per share to $5.40, full-year increase of 32% to $23.53

Greg Johnson, O’Reilly’s CEO and Co-President, commented, “We are extremely pleased to report another record-breaking quarter to finish out 2020, with the incredible performance by Team O’Reilly in the fourth quarter capping the best full-year financial results in our Company’s history. I would like to thank Team O’Reilly for the tremendous dedication and hard work they demonstrated time and again over the past year in one of the most difficult environments we have ever faced as a Company. Our top priority continues to be the protection of the health and safety of our Team Members and customers, and we are extremely proud of our Team’s continued outstanding service that has been so critical to our customers during the pandemic. This commitment drove our fourth quarter comparable store sales increase of 11.2% and full-year comparable store sales growth of 10.9%, which represents our highest full-year same store sales increase in the last 25 years.”

GUIDANCE:

O'Reilly Automotive sees FY2021 revenue of $11.5-11.8 billion, versus the consensus of $11.75 billion.

• The Company is reinstituting its practice of providing selected full-year guidance for 2021. The Company still anticipates potentially significant volatility in its results, driven by the ongoing uncertainty related to the pandemic, and will update full-year guidance during 2021, as appropriate.

For earnings history and earnings-related data on O'Reilly Automotive (ORLY) click here.

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