O’Reilly Reports 10% Q1 Sales Growth, 16% EPS Rise and Raises 2026 Guidance
O’Reilly Automotive’s first quarter sales rose 10% year-over-year to $4.56 billion, driven by 8.1% comparable store sales growth. Diluted EPS climbed 16% to $0.72 while operating income grew 14% to $842 million and management raised full-year revenue forecast to $18.7–19.0 billion with 225–235 net new stores.
1. Q1 Financial Results
Sales for the quarter rose $424 million or 10% to $4.56 billion, with comparable store sales up 8.1%. Gross profit increased 11% to $2.35 billion, operating income grew 14% to $842 million, net income rose 12% to $604 million, and diluted EPS increased 16% to $0.72.
2. Share Repurchase Program
During the first quarter, O’Reilly repurchased 10.0 million shares at an average price of $92.45 for $923 million, plus 3.6 million shares at $92.83 for $338 million. The company has $1.14 billion remaining under its current buyback authorization and has repurchased 1.48 billion shares since 2011.
3. Updated Full-Year 2026 Guidance
Full-year 2026 guidance was updated to include 225–235 net new store openings, comparable store sales growth of 3.0%–5.0%, total revenue of $18.7–19.0 billion, gross profit margin of 51.5%–52.0%, operating margin of 19.3%–19.8%, diluted EPS of $3.15–3.25, and free cash flow of $1.8–2.1 billion.