Snapshot
O Reilly Automotive Inc reported $4.56B of revenue in Q1 2026, up 10.2% year over year, with diluted EPS of $0.72 and an operating margin of 18.5%.
- Revenue
- $4.56B
- YoY growth
- +10.2%
- Diluted EPS
- $0.72
- Operating margin
- 18.5%
$4.56B
Revenue
+10.2%
YoY growth
$0.72
Diluted EPS
18.5%
Operating margin
01 Key takeaways
What management said
- •During today's conference call, we will discuss our first quarter 2026 results and our updated outlook for 2026.
- •Their hard work and absolute dedication to excellent customer service produced a strong start to 2026 for O'Reilly, with an 8.1% increase in comparable store sales.
- •Our team successfully translated these robust sales results into an impressive 14% increase in operating profit through our focus on profitable growth and expense control.
- •We coupled this strong operating performance with the return of excess capital through our share repurchase program to deliver a 16% increase in diluted earnings per share in the quarter.
- •Our comp growth of 8.1% solidly surpassed our expectations, and we were pleased to see above-plan contributions from both sides of our business in the quarter.
- •This outperformance was driven by better-than-expected growth in ticket counts on both sides of the business.
- •Today, I will further discuss our first quarter gross margin and SG&A results and provide an update on the progress toward our expansion and capital investment plans for 2026.
- •Our first quarter gross margin of 51.5% was a 19 basis point increase from the first quarter of 2025, which was in line with our expectations.
- •The acquisition cost environment remains stable and the pricing environment continues to be rational across our industry.
- •Additionally, at this point, neither our first quarter results nor our outlook include any benefit from tariff refunds.
- •However, we did not see a material impact in the first quarter and have not adjusted our full year outlook assumptions for these factors.
- •At this stage, we believe we have the ability to manage the current dynamics surrounding product acquisition cost and freight within our full-year guidance range.
SourcesCompany financials · earnings call
Last updated