Springfield, MO, April 28, 2010 – O’Reilly Automotive, Inc. (“O’Reilly” or “the Company”) (Nasdaq: ORLY) today announced record revenues and earnings for the first quarter ended March 31, 2010.
Sales for the first quarter ended March 31, 2010, totaled $1.28 billion, up 10% from $1.16 billion for the same period a year ago. Gross profit for the first quarter ended March 31, 2010, increased to $618 million (or 48.3% of sales) from $543 million (or 46.6% of sales) for the same period a year ago, representing an increase of 14%. Selling, General and Administrative expenses for the first quarter ended March 31, 2010, increased to $450 million (or 35.1% of sales) from $429 million (or 36.9% of sales) for the same period a year ago, representing an increase of 5%.