O’Reilly Automotive reports a 16 percent profit increase
07/23/2014 6:08 PM
07/23/2014 6:57 PM
O’Reilly Automotive Inc. on Wednesday said an 8 percent increase in auto parts sales in the second quarter boosted profits by 16 percent.
The Springfield, Mo.-based chain earned $206 million in the second quarter on sales of $1.85 billion.
For the first half of 2014, earnings climbed 14 percent from the same period a year earlier to $380 million. Sales for the first six months of 2014 climbed 8 percent to $3.58 billion.
“In the first half of 2014, we opened 91 net new stores across 28 states and are on track to hit our target of 200 net new stores by the end of the year,” Greg Henslee, O’Reilly’s president and CEO said in a statement.
| The Star
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