O’Reilly Reports Positive Q2 Results

Springfield, Mo. O’Reilly Automotive reported that net income and sales increased for the second quarter ended June 30.

Net income for the quarter totaled $55.8 million, up 7.5% from $51.9 million for the same period in 2007. Sales for the three months making up the quarter were $704 million, up 9.5% from $643 million for the same period a year ago.

Gross profit also increased, reaching $317 million from $287 million for the second quarter of 2007, representing an increase of 10.4%. Same-store sales increased 3.4% for the second quarter, compared to 2.0% last year.

“We’re also excited about the potential of our acquisition of CSK Auto Corp., which closed July 11, and the opportunity to optimize our complementary business models, including the implementation of our dual-market strategy in CSK’s markets,” Greg Henslee, CEO and co-president stated.