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Why O’Reilly Automotive’s Q4 Guidance Didn’t Please Investors

John Parker
Why O’Reilly Automotive’s Q4 Guidance Didn’t Please Investors

Its comparable-store sales growth rose to 3.9% in the third quarter compared to 1.8% in Q3 2017. With that, ORLY managed to meet the higher range of its third-quarter comparable-store sales growth rate guidance of 2%–4%. In its third-quarter earnings conference call, ORLY’s CEO Gregory Johnson said, “We saw strong performance throughout the quarter on weather-related categories, such as batteries and air conditioning, as a result of the hot summer weather.