U.S. auto parts retailer O’Reilly Automotive, Inc. has updated its 2012 second quarter comparable store sales guidance to 2.0% to 2.5%, down from the previously issued second quarter comparable store sales guidance of 3% to 5%.
In addition, the company expects earnings per share for the second quarter to be in the lower end of the previously announced range of $1.13 to $1.17. The release date for the company’s second quarter 2012 results is Wednesday, July 25, 2012, with a conference call to follow on Thursday, July 26, 2012.
Greg Henlsee, CEO and Co-President stated, “Our previously announced second quarter comparable store sales guidance reflected our slow start to the quarter in April due, we believed, to the shift of some business into the first quarter as a result of the early spring weather in many of our markets, and we expected sales trends would stabilize as the quarter progressed. We saw improved comparable store sales results for the month of May; however, comparable store sales in June were below our expectations, and we now expect comparable store sales for the second quarter to finish in the range of 2.0% to 2.5%.”
The company’s second quarter 2012 results will be released after 5:30 p.m. central time on Wednesday, July 25, 2012, and can be viewed, at that time, on the Company’s website at www.oreillyauto.com by clicking on “Investor Relations” and then “News Room”.