Wednesday, June 27, 2012

O'Reilly Automotive (ORLY) sees Q2 EPS at lower end of $1.13-$1.17 range Q2...consensus is $1.19.


O'Reilly Automotive lowers Q2 SSS guidance to 2%-2.5% from prior 3%-5%

Greg Henlsee, CEO and Co-President stated, "Our previously announced second quarter comparable store sales guidance reflected our slow start to the quarter in April due, we believed, to the shift of some business into the first quarter as a result of the early spring weather in many of our markets, and we expected sales trends would stabilize as the quarter progressed. We saw improved comparable store sales results for the month of May; however, comparable store sales in June were below our expectations, and we now expect comparable store sales for the second quarter to finish in the range of 2.0% to 2.5%."


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