Summary
O'Reilly Automotive, Inc. (ORLY) announced a significant milestone in a Form 8-K filing on February 6, 2006, reporting that it achieved its "2-4-Your Future" sales goal of $2 billion in 2005. This ambitious target was originally set at the 2002 Manager's Conference, indicating strong execution and strategic success over a four-year period. In addition to the sales achievement, the company also met its 2005 objective of opening 150 new stores, further demonstrating its growth trajectory. This expansion was complemented by the acquisition of 72 stores in the Midwest. Investors can anticipate detailed financial results for the fourth quarter and full year 2005 on February 28, 2006, with a conference call scheduled for March 1, 2006, to discuss these results.
Key Highlights
- 1O'Reilly Automotive achieved its "2-4-Your Future" sales goal, reaching $2 billion in sales for 2005.
- 2The $2 billion sales target was a four-year goal set at the 2002 Manager's Conference.
- 3The company successfully opened 150 new stores in 2005, meeting its store expansion objective.
- 4An additional 72 stores were acquired in the Midwest region during 2005.
- 5Detailed fourth quarter and full-year 2005 financial results will be released on February 28, 2006.
- 6A conference call to discuss the 2005 financial results is scheduled for March 1, 2006.