Earnings release
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O'Reilly AUTO PARTS PROFESSIONAL PARTS PEOPLE FOR IMMEDIATE RELEASE O 64 YEARS 1957-2021 ● O'Reilly AUTO PARTS O'REILLY AUTOMOTIVE , INC . REPORTS SECOND QUARTER 2021 RESULTS Second quarter comparable store sales increase of 9.9 % 16 % two - year compound growth in second quarter revenue 17 % increase in second quarter diluted earnings per share , year - to - date increase of 39 % Springfield , MO , July 28 , 2021 – 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 second quarter ended June 30 , 2021 , and announced the future retirement and leadership succession plan for Jeff Shaw , COO and Co - President . 2nd Quarter Financial Results Greg Johnson , O'Reilly's CEO and Co - President , commented , " We are pleased to report another outstanding quarter , especially as our Team faced very difficult comparisons to our extremely strong results in the second quarter last year . Team O'Reilly continues to deliver consistently outstanding service to our customers and produce record - breaking financial results , highlighted by our 9.9 % increase in comparable store sales for the quarter , on top of a 16.2 % increase in the prior year . We are also proud of our Team's ability to deliver profitable growth , leveraging our strong top - line results to drive second quarter diluted earnings per share of $ 8.33 , which was a 17 % increase over the prior year and on top of the 57 % increase in earnings per share we delivered in the second quarter of 2020. I would like to take this opportunity to thank our over 79,000 Team Members for their incredible hard work and unwavering dedication to safety , while providing excellent customer service , which has been so crucial to our customers during the pandemic . " Sales for the second quarter ended June 30 , 2021 , increased $ 374 million , or 12 % , to $ 3.47 billion from $ 3.09 billion for the same period one year ago . Gross profit for the second quarter increased 12 % to $ 1.83 billion ( or 52.7 % of sales ) from $ 1.64 billion ( or 53.0 % of sales ) for the same period one year ago . Selling , general and administrative expenses ( " SG & A " ) for the second quarter increased 14 % to $ 1.03 billion ( or 29.7 % of sales ) from $ 901 million ( or 29.1 % of sales ) for the same period one year ago . Operating income for the second quarter increased 8 % to $ 796 million ( or 23.0 % of sales ) from $ 736 million ( or 23.8 % of sales ) for the same period one year ago . Net income for the second quarter ended June 30 , 2021 , increased $ 54 million , or 10 % , to $ 585 million ( or 16.9 % of sales ) from $ 532 million ( or 17.2 % of sales ) for the same period one year ago . Diluted earnings per common share for the second quarter increased 17 % to $ 8.33 on 70 million shares versus $ 7.10 on 75 million shares for the same period one year ago . Year - to - Date Financial Results Mr. Johnson added , " Our Team's unwavering commitment to our customers in the first half of 2021 drove a 16.5 % increase in comparable store sales , a 28 % increase in operating profit dollars and a 39 % increase in diluted earnings per share . Our continued strong sales results in 2021 are the product of strong execution of our dual market strategy , combined with a beneficial industry backdrop , augmented by favorable weather trends , and the significant positive impact from the last round of government stimulus starting at the end of our first quarter . Even as the tailwind from the stimulus benefits moderated in May and June , we have remained very pleased with our Team's ability to sustain year - over - year increases in sales volumes despite the very difficult comparisons to the prior year . Our better - than - expected sales volumes in May and June have continued thus far in July . As a result of our second quarter performance and strong start to our third quarter , coupled