O’Reilly Automotive Inc. reported higher profit and sales in the fourth quarter as consumers continued to spend money on fixing their cars and taking road trips during the pandemic.
The specialty retailer of automotive aftermarket parts said profit was $392.9 million, up from $324.9 million a year earlier. Earnings were $5.40 a share, up from $4.25 a share a year earlier. Analysts polled by FactSet expected earnings of $5.14 a share.
Sales rose 14% from a year ago to $2.83 billion, beating analysts’ consensus projections of $2.78 billion.
Same-store sales increased 11% from a year ago.
General, selling, and administrative expenses rose 6.2% year-over-year to $937.9 million.
