Form 8-K
8-K — O REILLY AUTOMOTIVE INC
Accession: 0000898173-26-000050
Filed: 2026-10-28
Period: 2026-10-28
CIK: 0000898173
SIC: 5531 (RETAIL-AUTO & HOME SUPPLY STORES)
Item: Results of Operations and Financial Condition
Item: Financial Statements and Exhibits
Documents
8-K — orly-20261028x8k.htm (Primary)
EX-99.1 (orly-ex99d1.htm)
GRAPHIC (orly-ex99d1001.jpg)
XML — IDEA: XBRL DOCUMENT (R1.htm)
8-K
8-K (Primary)
Filename: orly-20261028x8k.htm · Sequence: 1
O Reilly Automotive Inc_October 28, 2026
0000898173falseO Reilly Automotive Inc00008981732026-10-282026-10-28
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT PURSUANT TO
SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (date of earliest event reported): October 28, 2026
O’Reilly Automotive, Inc.
(Exact name of registrant as specified in its charter)
Missouri
000-21318
27-4358837
(State or other jurisdiction
Commission file
(I.R.S. Employer
of incorporation or organization)
number
Identification No.)
233 South Patterson Avenue
Springfield, Missouri 65802
(Address of principal executive offices, Zip code)
(417) 862-6708
(Registrant’s telephone number, including area code)
Not applicable
(Former name, former address and former fiscal year, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2):
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of Each Class
Trading Symbol(s)
Name of Each Exchange on which Registered
Common Stock $0.01 par value
ORLY
The NASDAQ Stock Market LLC
(NASDAQ Global Select Market)
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of Securities Act of 1933 (230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (240.12b-2).
☐ Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Section 2 – Financial Information
Item 2.02 – Results of Operations and Financial Condition
On October 28, 2026, O’Reilly Automotive Inc. (the “Company”) issued a press release announcing its third quarter 2026 earnings. The text of the press release is attached hereto as Exhibit 99.1.
Section 9 – Financial Statements and Exhibits
Item 9.01 – Financial Statements and Exhibits
Exhibit Number
Description
99.1
Press release dated October 28, 2026
104
Cover Page Interactive Data File – the cover page XBRL tags are embedded within the Inline XBRL document
The information in this Current Report on Form 8-K shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: October 28, 2026
O’REILLY AUTOMOTIVE, INC.
By:
/s/ Jeremy A. Fletcher
Jeremy A. Fletcher
Executive Vice President and Chief Financial Officer
(principal financial and accounting officer)
EX-99.1
EX-99.1
Filename: orly-ex99d1.htm · Sequence: 2
Exhibit 99.1
FOR IMMEDIATE RELEASE
O’REILLY AUTOMOTIVE, INC. REPORTS THIRD QUARTER 2026 RESULTS
● Third quarter comparable store sales growth of 7.2%
● 14% increase in third quarter diluted earnings per share to $0.97
● $2.6 billion net cash provided by operating activities year-to-date
Springfield, MO, October 28, 2026 – O’Reilly Automotive, Inc. (the “Company” or “O’Reilly”) (Nasdaq: ORLY), a leading retailer in the automotive aftermarket industry, today announced record revenue and earnings for its third quarter ended September 30, 2026.
3rd Quarter Financial Results
Brad Beckham, O’Reilly’s CEO, commented, “I would like to thank our Team Members for their unwavering commitment to providing industry-leading service to each of our customers. Team O’Reilly’s dedication was evident in our strong third quarter comparable store sales increase of 7.2%. This robust growth came on top of strong sales in the third quarter last year, resulting in a two-year stack of 12.8%, and was driven by share gains on both sides of our business, with double-digit growth in our professional business and mid-single digit growth in DIY. Our impressive top-line growth, coupled with a $39 million benefit from tariff refunds received during the third quarter, drove a 14% increase in our third quarter diluted earnings per share. We are extremely pleased with the continued ability of our Team to deliver industry-leading results through their hard work and unrelenting focus on our customers.”
Sales for the third quarter ended September 30, 2026, increased $416 million, or 9%, to $5.12 billion from $4.71 billion for the same period one year ago. Gross profit for the third quarter increased 10% to $2.68 billion (or 52.4% of sales) from $2.44 billion (or 51.9% of sales) for the same period one year ago. Selling, general and administrative expenses (“SG&A”) for the third quarter increased 8% to $1.58 billion (or 30.9% of sales) from $1.46 billion (or 31.1% of sales) for the same period one year ago. Operating income for the third quarter increased 13% to $1.10 billion (or 21.4% of sales) from $976 million (or 20.7% of sales) for the same period one year ago.
Net income for the third quarter ended September 30, 2026, increased $60 million, or 8%, to $786 million (or 15.3% of sales) from $726 million (or 15.4% of sales) for the same period one year ago. Diluted earnings per common share for the third quarter increased 14% to $0.97 on 812 million shares versus $0.85 on 853 million shares for the same period one year ago.
Year-to-Date Financial Results
Mr. Beckham concluded, “As a result of our strong year-to-date performance and expectations for the remainder of 2026, we are raising our full-year 2026 comparable store sales guidance to a range of 5.5% to 6.5%. We are also raising our full-year 2026 gross margin guidance to a range of 51.6% to 52.1% and our operating profit guidance to a range of 19.5% to 20.0%. These updates incorporate our strong third quarter performance, including the benefit from tariff refunds, and our margin expectations for the fourth quarter. Year-to-date, we have opened 173 net, new stores across North America and are on track to reach our goal of 225 to 235 net, new store openings in 2026. We remain very pleased with our new store performance and confident in the strength of the fundamental demand drivers in our business.”
Sales for the first nine months of 2026 increased $1.21 billion, or 9%, to $14.57 billion from $13.37 billion for the same period one year ago. Gross profit for the first nine months of 2026 increased 10% to $7.55 billion (or 51.8% of sales) from $6.89 billion (or 51.5% of sales) for the same period one year ago. SG&A expenses for the first nine months of 2026 increased 9% to $4.62 billion (or 31.7% of sales) from $4.26 billion (or 31.8% of sales) for the same period one year ago. Operating income for the first nine months of 2026 increased 11% to $2.93 billion (or 20.1% of sales) from $2.63 billion (or 19.7% of sales) for the same period one year ago.
Net income for the first nine months of 2026 increased $172 million, or 9%, to $2.10 billion (or 14.4% of sales) from $1.93 billion (or 14.5% of sales) for the same period one year ago. Diluted earnings per common share for the first nine months of 2026 increased 13% to $2.54 on 828 million shares versus $2.25 on 858 million shares for the same period one year ago.
3rd Quarter Comparable Store Sales Results
Comparable store sales are calculated based on the change in sales for U.S. stores open at least one year and exclude sales of specialty machinery, sales to independent parts stores, and sales to Team Members. Online sales for ship-to-home orders and pick-up-in-store orders for U.S. stores open at least one year are included in the comparable store sales calculation. Comparable store sales increased 7.2% for the third quarter ended September 30, 2026, on top of 5.6% for the same period one year ago. Comparable store sales increased 7.1% for the nine months ended September 30, 2026, on top of 4.5% for the same period one year ago.
Share Repurchase Program
During the third quarter ended September 30, 2026, the Company repurchased 11.8 million shares of its common stock, at an average price per share of $87.34, for a total investment of $1.03 billion. During the first nine months of 2026, the Company repurchased 38.5 million shares of its common stock, at an average price per share of $89.99, for a total investment of $3.47 billion. Excise tax on shares repurchased, assessed at one percent of the fair market value of shares repurchased, was $34.7 million for the nine months ended September 30, 2026. Subsequent to the end of the third quarter and through the date of this release, the Company repurchased an additional 2.3 million shares of its common stock, at an average price per share of $87.11, for a total investment of $204 million. The Company has repurchased a total of 1.50 billion shares of its common stock under its share repurchase program since the inception of the program in January of 2011 and through the date of this release, at an average price of $20.63, for a total aggregate investment of $31.02 billion. As of the date of this release, the Company had approximately $727 million remaining under its current share repurchase authorization.
Updated Full-Year 2026 Guidance
The table below outlines the Company’s updated guidance for selected full-year 2026 financial data:
For the Year Ending
December 31, 2026
Net, new store openings
225 to 235
Comparable store sales
5.5% to 6.5%
Total revenue
$19.0 billion to $19.3 billion
Gross profit as a percentage of sales
51.6% to 52.1%
Operating income as a percentage of sales
19.5% to 20.0%
Effective income tax rate
22.7%
Diluted earnings per share (1)
$3.25 to $3.35
Net cash provided by operating activities
$3.2 billion to $3.6 billion
Capital expenditures
$1.3 billion to $1.4 billion
Free cash flow (2)
$1.9 billion to $2.2 billion
(1) Weighted-average shares outstanding, assuming dilution, used in the denominator of this calculation, includes share repurchases made by the Company through the date of this release.
(2) Free cash flow is a non-GAAP financial measure. The table below reconciles Free cash flow guidance to Net cash provided by operating activities guidance, the most directly comparable GAAP financial measure:
For the Year Ending
(in millions)
December 31, 2026
Net cash provided by operating activities
$
3,210
to
$
3,620
Less:
Capital expenditures
1,300
to
1,400
Excess tax benefit from share-based compensation payments
10
to
20
Free cash flow
$
1,900
to
$
2,200
Non-GAAP Information
This release contains certain financial information not derived in accordance with United States generally accepted accounting principles (“GAAP”). These items include adjusted debt to earnings before interest, taxes, depreciation, amortization, share-based compensation, and rent (“EBITDAR”) and free cash flow. The Company does not, nor does it suggest investors should, consider such non-GAAP financial measures in isolation from, or as a substitute for, GAAP financial information. The Company believes that the presentation of adjusted debt to EBITDAR and free cash flow provide meaningful supplemental information to both management and investors that is indicative of the Company’s core operations. The Company has included a reconciliation of this additional information to the most comparable GAAP measure in the table above and the selected financial information below.
Earnings Conference Call Information
The Company will host a conference call on Thursday, October 29, 2026, at 10:00 a.m. Central Time to discuss its results as well as future expectations. Investors may listen to the conference call live on the Company’s website at www.OReillyAuto.com by clicking on “Investor Relations.” Interested analysts are invited to join the call. The dial-in number for the call is (888) 506-0062 and the conference call identification number is 479629. A replay of the conference call will be available on the Company’s website through Thursday, October 28, 2027.
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 September 30, 2026, the Company operated 6,758 stores across 48 U.S. states, Puerto Rico, Mexico, and Canada.
Forward-Looking Statements
The 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,”
“guidance,” “target,” 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; consumer debt levels; product demand; a public health crisis; the market for auto parts; competition; weather; trade disputes and changes in trade policies, including the imposition of new or increased tariffs; availability of key products and supply chain disruptions; business interruptions, including terrorist activities, war and the threat of war; failure to protect our brand and reputation; challenges in international markets; volatility of the market price of our common stock; our increased debt levels; credit ratings on public debt; damage, failure, or interruption of information technology systems, including information security and cyber-attacks; historical growth rate sustainability; our ability to hire and retain qualified employees; risks associated with the performance of acquired businesses; and governmental regulations. 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, 2025, and subsequent Securities and Exchange Commission filings, 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.
For further information contact:
Investor Relations Contacts
Leslie Skorick (417) 874-7142
Eric Bird (417) 868-4259
Media Contact
Sonya Cox (417) 427-8071
O’REILLY AUTOMOTIVE, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands, except share data)
September 30, 2026
September 30, 2025
December 31, 2025
(Unaudited)
(Unaudited)
(Note)
Assets
Current assets:
Cash and cash equivalents
$
194,445
$
204,513
$
193,793
Accounts receivable, net
462,093
422,849
389,793
Amounts receivable from suppliers
200,905
178,155
159,900
Inventory
6,165,052
5,610,118
5,731,385
Other current assets
200,805
181,340
269,406
Total current assets
7,223,300
6,596,975
6,744,277
Property and equipment, at cost
11,035,437
9,982,785
10,222,249
Less: accumulated depreciation and amortization
4,303,799
3,849,021
3,964,824
Net property and equipment
6,731,638
6,133,764
6,257,425
Operating lease, right-of-use assets
2,493,533
2,404,612
2,391,150
Goodwill
952,900
945,587
948,208
Other assets, net
200,508
198,689
197,193
Total assets
$
17,601,879
$
16,279,627
$
16,538,253
Liabilities and shareholders’ deficit
Current liabilities:
Accounts payable
$
7,507,497
$
7,060,609
$
7,103,684
Self-insurance reserves
198,760
180,138
297,304
Accrued payroll
133,882
154,288
119,603
Accrued benefits and withholdings
293,232
256,835
240,072
Income taxes payable
8,162
10,696
13,957
Current portion of operating lease liabilities
458,026
436,672
439,907
Other current liabilities
744,009
610,521
561,294
Total current liabilities
9,343,568
8,709,759
8,775,821
Long-term debt
7,711,498
5,915,530
6,016,904
Operating lease liabilities, less current portion
2,126,908
2,049,454
2,034,688
Deferred income taxes
244,095
240,728
211,210
Other liabilities
268,418
258,832
262,982
Shareholders’ equity (deficit):
Common stock, $0.01 par value:
Authorized shares – 1,250,000,000
Issued and outstanding shares –
804,607,512 as of September 30, 2026,
846,832,348 as of September 30, 2025, and
841,909,238 as of December 31, 2025
8,046
8,468
8,419
Additional paid-in capital
1,537,400
1,519,584
1,530,292
Retained deficit
(3,653,266)
(2,438,352)
(2,328,817)
Accumulated other comprehensive income
15,212
15,624
26,754
Total shareholders’ deficit
(2,092,608)
(894,676)
(763,352)
Total liabilities and shareholders’ deficit
$
17,601,879
$
16,279,627
$
16,538,253
Note: The balance sheet at December 31, 2025, has been derived from the audited consolidated financial statements at that date but does not include all of the information and footnotes required by United States generally accepted accounting principles for complete financial statements.
O’REILLY AUTOMOTIVE, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
(Unaudited)
(In thousands, except per share data)
For the Three Months Ended
For the Nine Months Ended
September 30,
September 30,
2026
2025
2026
2025
Sales
$
5,121,290
$
4,705,696
$
14,573,842
$
13,367,678
Cost of goods sold, including warehouse and distribution expenses
2,438,249
2,265,750
7,026,850
6,479,709
Gross profit
2,683,041
2,439,946
7,546,992
6,887,969
Selling, general and administrative expenses
1,584,750
1,463,879
4,621,347
4,255,966
Operating income
1,098,291
976,067
2,925,645
2,632,003
Other income (expense):
Interest expense
(81,850)
(59,566)
(214,466)
(174,467)
Interest income
1,987
1,780
5,324
5,329
Other, net
3,706
5,369
9,795
6,591
Total other expense
(76,157)
(52,417)
(199,347)
(162,547)
Income before income taxes
1,022,134
923,650
2,726,298
2,469,456
Provision for income taxes
236,513
197,754
621,432
536,480
Net income
$
785,621
$
725,896
$
2,104,866
$
1,932,976
Earnings per share-basic:
Earnings per share
$
0.97
$
0.86
$
2.55
$
2.26
Weighted-average common shares outstanding – basic
808,851
848,292
824,100
853,909
Earnings per share-assuming dilution:
Earnings per share
$
0.97
$
0.85
$
2.54
$
2.25
Weighted-average common shares outstanding – assuming dilution
812,201
852,704
827,754
858,452
O’REILLY AUTOMOTIVE, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited)
(In thousands)
For the Nine Months Ended
September 30,
2026
2025
Operating activities:
Net income
$
2,104,866
$
1,932,976
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization of property, equipment and intangibles
413,189
375,825
Amortization of debt discount and issuance costs
6,086
5,502
Deferred income taxes
33,460
(7,873)
Share-based compensation programs
26,289
27,108
Other
(978)
7,381
Changes in operating assets and liabilities:
Accounts receivable
(82,911)
(66,898)
Inventory
(437,579)
(486,368)
Accounts payable
409,638
532,599
Income taxes payable
(3,077)
(1,882)
Other
129,172
(189,869)
Net cash provided by operating activities
2,598,155
2,128,501
Investing activities:
Purchases of property and equipment
(860,273)
(899,783)
Proceeds from sale of property and equipment
6,677
16,882
Return of tax credit equity investments
3,294
—
Other, including acquisitions, net of cash acquired
(2,718)
(13,664)
Net cash used in investing activities
(853,020)
(896,565)
Financing activities:
Net (payments) proceeds of commercial paper
(238,843)
389,796
Proceeds from the issuance of long-term debt
2,446,149
—
Principal payments on long-term debt
(500,000)
—
Payment of debt issuance costs
(17,287)
(3,829)
Payment of excise tax on share repurchases
(18,718)
(17,012)
Repurchases of common stock
(3,467,904)
(1,596,650)
Net proceeds from issuance of common stock
52,333
68,280
Other
(270)
(433)
Net cash used in financing activities
(1,744,540)
(1,159,848)
Effect of exchange rate changes on cash
57
2,180
Net increase in cash and cash equivalents
652
74,268
Cash and cash equivalents at beginning of the period
193,793
130,245
Cash and cash equivalents at end of the period
$
194,445
$
204,513
Supplemental disclosures of cash flow information:
Income taxes paid
$
618,464
$
876,513
Interest paid, net of capitalized interest
180,675
152,090
O’REILLY AUTOMOTIVE, INC. AND SUBSIDIARIES
SELECTED FINANCIAL INFORMATION
(Unaudited)
For the Twelve Months Ended
September 30,
Adjusted Debt to EBITDAR:
2026
2025
(In thousands, except adjusted debt to EBITDAR ratio)
GAAP debt
$
7,711,498
$
5,915,530
Add:
Letters of credit
197,596
156,259
Unamortized discount and debt issuance costs
38,502
24,470
Six-times rent expense
3,077,952
2,894,580
Adjusted debt
$
11,025,548
$
8,990,839
GAAP net income
$
2,710,099
$
2,484,106
Add:
Interest expense
275,063
229,870
Provision for income taxes
786,914
670,547
Depreciation and amortization
548,594
498,393
Share-based compensation expense
34,296
34,439
Rent expense (i)
512,992
482,430
EBITDAR
$
4,867,958
$
4,399,785
Adjusted debt to EBITDAR
2.26
2.04
(i) The table below outlines the calculation of Rent expense and reconciles Rent expense to Total lease cost, per ASC 842, the most directly comparable GAAP financial measure, for the twelve months ended September 30, 2026 and 2025 (in thousands):
For the Twelve Months Ended
September 30,
2026
2025
Total lease cost, per ASC 842
$
614,988
$
581,898
Less:
Variable non-contract operating lease components, related to property taxes and insurance
101,996
99,468
Rent expense
$
512,992
$
482,430
September 30,
2026
2025
Selected Balance Sheet Ratios:
Inventory turnover (1)
1.6
1.6
Average inventory per store (in thousands) (2)
$
912
$
858
Accounts payable to inventory (3)
121.8
%
125.9
%
For the Three Months Ended
For the Nine Months Ended
September 30,
September 30,
2026
2025
2026
2025
Reconciliation of Free Cash Flow (in thousands):
Net cash provided by operating activities
$
558,743
$
616,535
$
2,598,155
$
2,128,501
Less:
Capital expenditures
308,223
312,098
860,273
899,783
Excess tax benefit from share-based compensation payments
1,961
7,441
11,507
27,714
Return of tax credit equity investments
(3,294)
—
(3,294)
—
Free cash flow
$
251,853
$
296,996
$
1,729,669
$
1,201,004
For the Three Months Ended
For the Nine Months Ended
September 30,
September 30,
2026
2025
2026
2025
Revenue Disaggregation (in thousands):
Sales to do-it-yourself customers
$
2,448,394
$
2,304,804
$
6,975,384
$
6,585,229
Sales to professional service provider customers
2,600,841
2,307,782
7,361,207
6,502,215
Other sales and sales adjustments
72,055
93,110
237,251
280,234
Total sales
$
5,121,290
$
4,705,696
$
14,573,842
$
13,367,678
For the Three Months Ended
For the Nine Months Ended
For the Twelve Months Ended
September 30,
September 30,
September 30,
2026
2025
2026
2025
2026
2025
Store Count:
Beginning domestic store count
6,541
6,360
6,447
6,265
6,406
6,187
New stores opened
54
46
148
141
189
219
Stores closed
—
—
—
—
—
—
Ending domestic store count
6,595
6,406
6,595
6,406
6,595
6,406
Beginning Mexico store count
126
98
112
87
107
78
New stores opened
8
9
22
20
27
29
Stores closed
—
—
—
—
—
—
Ending Mexico store count
134
107
134
107
134
107
Beginning Canada store count
28
25
26
26
25
26
New stores opened
1
—
3
—
4
—
Stores closed
—
—
—
(1)
—
(1)
Ending Canada store count
29
25
29
25
29
25
Total ending store count
6,758
6,538
6,758
6,538
6,758
6,538
For the Three Months Ended
For the Twelve Months Ended
September 30,
September 30,
2026
2025
2026
2025
Store and Team Member Information:
Total employment
96,820
93,269
Square footage (in thousands) (4)
53,382
50,980
Sales per weighted-average square foot (4)(5)
$
94.65
$
90.80
$
355.84
$
344.65
Sales per weighted-average store (in thousands) (4)(6)
$
764
$
720
$
2,856
$
2,701
(1) Calculated as cost of goods sold for the last 12 months divided by average inventory.
(2) Calculated as inventory divided by store count at the end of the reported period.
(3) Calculated as accounts payable divided by inventory.
(4) Represents O’Reilly’s U.S. and Puerto Rico operations only.
(5) Calculated as sales less jobber sales, divided by weighted-average square footage. Weighted-average square footage is determined by weighting store square footage based on the approximate dates of store openings, acquisitions, expansions, or closures.
(6) Calculated as sales less jobber sales, divided by weighted-average stores. Weighted-average stores is determined by weighting stores based on their approximate dates of openings, acquisitions, or closures.
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