O’Reilly Auto Parts 8-K
PositiveEarningsGuidance raised
Professional and DIY sales strength drove a higher FY2026 comparable-store-sales outlook.
Filed 2026-07-29 16:38 ET
- 2.02 Results of Operations
- 9.01 Financial Statements and Exhibits
Summary
Q2 2026 results and raised FY2026 comparable-store-sales guidance. Revenue increased 8%, with comparable sales up 6.0% and growth in both professional and DIY. Strong first-half performance led O’Reilly to raise its full-year comparable-sales outlook.
Key Figures
| Metric | Q2 2026 | Q2 2025 | Y/Y |
|---|---|---|---|
| Revenue | $4.89B | $4.53B | 8% |
| Operating income | $986M | $914M | 8% |
| Net income | $715M | $669M | 7% |
| Diluted EPS | $0.86 | $0.78 | 10% |
| Comparable-store-sales growth | 6.0% | 4.1% | +190bp |
- H1 revenue was $9.45B vs $8.66B (+9%); operating income $1.83B vs $1.66B (+10%); net income $1.32B vs $1.21B (+9%); diluted EPS $1.58 vs $1.40 (+13%). Growth reflected strength in both customer markets.
- H1 net cash provided by operating activities was $2.04B vs $1.51B (+34.9%); non-GAAP free cash flow was $1.48B vs $904M (+63.5%). At 6/30/2026, cash was $262M and long-term debt carrying value was $7.01B, vs $5.82B a year earlier.
- H1 repurchases totaled 26.7M shares for $2.43B at an average $91.17 per share. Shares outstanding were 816.2M at 6/30/2026 vs 850.6M a year earlier (4.0% lower). After quarter-end, O’Reilly repurchased another 7.3M shares for $632M; $1.33B remained under its authorization.
Guidance
| Metric | Period | Guidance | Prior | Direction |
|---|---|---|---|---|
| Net new store openings | FY2026 | 225–235 | — | — |
| Comparable-store-sales growth | FY2026 | 4.0%–6.0% | — | Raised |
| Total revenue | FY2026 | $18.9B–$19.2B | — | — |
| Gross profit as a percentage of sales | FY2026 | 51.5%–52.0% | — | — |
| Operating income as a percentage of sales | FY2026 | 19.3%–19.8% | — | — |
| Effective income tax rate | FY2026 | 22.5% | — | — |
| Diluted EPS | FY2026 | $3.20–$3.30 | — | — |
| Net cash provided by operating activities (GAAP) | FY2026 | $3.11B–$3.52B | — | — |
| Capital expenditures | FY2026 | $1.3B–$1.4B | — | — |
| Free cash flow (non-GAAP) | FY2026 | $1.8B–$2.1B | — | — |
Investor Takeaways
- Track comparable sales against the raised FY2026 range of 4.0%–6.0%, alongside progress toward 225–235 net new store openings.
- Management is scheduled to discuss results and future expectations on its 7/30/2026 conference call.
The summary is written by an AI model reading the filing.
Model 005 · prompt 01d34d48e3