0000898173-26-000027
SEC filingO'Reilly delivered double-digit revenue and profit growth in Q1, driven by higher average ticket values and cost leverage, though EPS was impacted by a stock split.
Revenue increased 10.2% to $4.6 billion for the three months ended March 31, 2026, compared to $4.1 billion in the prior-year period. The growth was primarily driven by higher average ticket values, as the cost of replacement parts has increased. While repair frequency pressures customer transaction counts, the need for repairs when they occur benefits average ticket values. Comparable store sales contributed to the revenue growth, supported by the Company's dual-market strategy serving both DIY and professional customers.
The Company's performance is influenced by macroeconomic factors affecting vehicle repair frequency and consumer spending. While higher average ticket values have supported revenue growth, any sustained decrease in demand or changes in customer buying patterns could impact future results. The Company continues to invest in its store network and online capabilities, including ship-to-home and pick-up-in-store orders, to support long-term growth. Additionally, the adoption of ASU 2025-06 on software cost capitalization is not expected to have a material impact on the Company's consolidated financial condition, results of operations, or cash flows.