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During 3Q15, $ORLY repurchased 1.1MM shares at an average price per share of $238.97, for a total investment of $274MM. Since inception of the share repurchase program in Jan 2011, $ORLY repurchased a total of 50.3MM shares for $5.10Bil. As of Oct 28, 2015, $ORLY had about $400MM worth of shares remaining under its share repurchase authorization.
$ORLY said that for FY17 the company expects its total revenue to be in the range of $9.1-9.3Bil and diluted EPS to be about $12.05-12.15. CapEx for FY17 is expected in the range of $470-500MM, while free cash flow is expected in the range of $930-980MM. For 2Q17, $ORLY expects diluted EPS in the range of $3.10-3.20.
$ORLY said the do-it-for-me (DIFM) business is growing a little faster on a macro basis than the DIY business. The company believes it has been gaining slightly more share on the DIY side than the DIFM side. Geographically, $ORLY is growing well in expansion markets like the Southeast and Northeast and is gaining more market share in these areas.
For 4Q16, $ORLY opened 69 net new stores bringing the company to its goal of 210 new stores for 2016. During 2016, the company opened new stores in 39 different states. $ORLY has planned new store openings in 37 states for 2017. The growth will be concentrated in the newer expansion markets in the Northeast, Florida and the mid-Atlantic.
Auto parts retailer $ORLY reported 13% rise in its 4Q16 earnings, helped by increased in revenue. The company's net income rose to $246MM from $219MM during 4Q15. Diluted EPS rose 18% YoY to $2.59 from $2.19. Sales for the quarter rose 8% YoY to $2.10Bil.
$ORLY added 52 new stores in 3Q16 bringing the net new store count to 141 for 2016. YTD, the company has opened or acquired stores in 35 different states including its first two stores in Rhode Island. Included in the YTD new store additions was the acquisition of Frank’s Auto Supermarket.
$ORLY saw a comparable store sales growth of 4.2% in 3Q16. Operating margin was 20.2%. The professional and do-it-yourself (DIY) sides of the business contributed equally to comparable store sales growth. The company saw solid increases in comparable ticket average and transaction count during the quarter.
For 4Q16, $ORLY expects comparable store sales growth of 3-5% and diluted EPS of $2.44-2.54. For 2016, comparable store sales growth is expected to be 4-5%. Total revenue is expected to be $8.5-8.6Bil and diluted EPS is expected to be $10.58-10.68 in 2016.
$ORLY expects full-year 2016 avg. SG&A per store to increase approx. 2% from 2015. The company is reiterating its GM guidance of 52.3-52.7% of sales for the full year. For full-year 2016, the company expects its tax rate to be 36.8% of pretax income. $ORLY expects 3Q16 tax rate to be approx. 35.8% of pretax income.
Missouri-based company $ORLY said 2Q16 comparable store sales growth was in line with its guidance of 3-5%. Total company sales grew 7%. Operating margin was 19.5% and EPS grew 16%. The professional and DIY sides contributed to the comparable store sales growth. $ORLY saw increases in comparable ticket avg. and transaction count.
$ORLY expects 3Q16 EPS of $2.77-2.87 and comparable store sales growth of 3-5%. For 2016, $ORLY still expects total revenue of $8.4-8.6Bil and comparable store sales growth of 3-5%. $ORLY raised its 2016 EPS guidance to $10.30-10.70 from prior range of $10.10-10.50. The company still sees FY16 CapEx of $460-490MM and free cash flow of $800-850MM.
Auto parts retailer $ORLY reported a rise in 2Q16 earnings driven by higher sales and a 4.3% increase in comparable store sales. Net income rose to $257.79MM or $2.65 per share from $233.51MM or $2.29 per share last year. Sales grew to $2.18Bil from $2.04Bil.