奥莱利 2024年度报告

FINANCIAL HIGHLIGHTSIn thousands, except earnings per share and ratio data and store count COMPARISON OF TEN-YEAR CUMULATIVE RETURN This graph shows the cumulative total shareholder return assuming the investment of $100 on December 31, 2014, and thereinvestment of dividends thereafter, if any, in the common stock of O’Reilly Automotive, Inc., the Standard and Poor’s S&P 500Retail Index and the Standard and Poor’s S&P 500 Index. Ourcommitmentto our customers and our team members: We areenthusiastic, hardworking professionalswho arededicatedtoteamwork,safety/wellness, andexcellent customer service. We will practiceexpense controlwhilesetting an example ofrespect,honesty, and awin-win attitudein everything we do. Four drivers stopped by Store 681-Columbus, NE on their way back toManitoba, Canada, from the Good Guys Car Show in Springfield, MO. ItFellow shareholders: BRAD BECKHAMChief Executive Officer was a solid year of growth and earnings forO’Reilly Auto Parts. Our team members,and the culture values we all live by everyday, were once again the rock we stood on aswe delivered another year of record revenue. Given the market conditions, what Team O’Reillywas able to accomplish this year took morework, more commitment, and more dedicationthan in years when industry-wide growth wasstronger. Our team did an outstanding job thisyear, serving both do-it-yourself and do-it-for-me customers with the best customer servicein the industry. JEREMY FLETCHERExecutive Vice President andChief Financial Officer SCOTT ROSSExecutive Vice President andChief Information Officer Thank you, Team O’Reilly. Your relentlessfocus on executing our industry-leadingmodel at a high level continues to generatemarket share gains. JASON TARRANTExecutive Vice President ofStore Operations and Sales DC 43-Buford held its grand opening December 13, 2024. The distribution center has almost 700,000-square feet of space. We delivered an industry-leading 2.9% increasein comparable store sales in 2024, which marks32 years of annual growth and record earnings.While we finished the year at the high end ofour revised guidance range of 2% to 3%, wewere below our expectations entering the year. These investments, along with a target of 200to 210 new stores in 2025, put us in an excellentposition for our future growth. In the last five years, our company has morethan doubled earnings per share for you, ourshareholders, which also includes many of ourteam members. We generated $40.66 in EPS in2024, a 127% increase from $17.88 in 2019. During challenging and robust growth yearsalike, we lean heavily on the strategies thathaveproven so successful to sharpen ourskills and teamwork – giving us the edge aswe move forward. We continue to grow in asustainable and profitable manner. This year,we met our new store opening target with 198net, new stores. A key ingredient to our “secret sauce” is ourpromote-from-within philosophy. Every singleone of our district managers ran a successfulstore before they were promoted, our regionaldirectors ran a successful district before movingup, and it’s the same story for our senior vicepresidents of operations and sales. Promotionstoriesabound in our corporate office anddistribution centers as well. O’Reilly values theexperienceand knowledge that come fromhard work. Asalways,our distribution network growsbefore we open new stores, ensuring we meetourcustomers’expectations of getting theparts they need, when and where they needthem. We relocated the distribution center (DC)in our hometown of Springfield, Missouri, andalso relocated our DC in the Atlanta, Georgia,area into a new, larger facility. Work is underwayas we add on to our Lakeland, Florida, DC andcontinue construction on a greenfield DC inStafford, Virginia. We will never settle for less than the best. We’veexperienced years like 2024 in our history andhavealways navigated them in a way thatpositions us well for the future. We know marketshare is there for us to take, and we intend topursue it with relentless enthusiasm. CUSTOMER SERVICE Coast to Coast CanadaQuebec....................... 16 Ontario......................... 5New Brunswick........... 2Newfoundland............ 3 United StatesAlabama...................168 Alaska......................... 17Arizona.....................154Arkansas..................129California .................604Colorado ..................127Connecticut...............38Florida ......................300Georgia ....................247Hawaii ........................21Idaho ..........................58Illinois.......................233Indiana ..................... 174Iowa ............................83Kansas........................89Kentucky.................. 111Louisiana .................152Maine .........................37Maryland ..................... 3Massachusetts..........62Michigan ..................189Minnesota ...............138Mississippi.................87Missouri ...................215Montana ..............