O'Reilly Automotive (NASDAQ:ORLY) reports third-quarter results on Oct. 28 after posting four straight quarters of double-digit professional comparable-store sales growth, yet its shares have fallen 8.5% over the past year. A rumored bid of about $10 billion for GPC's NAPA unit has raised balance-sheet concerns, although CEO Brad Beckham said in July that O'Reilly has no intention of executing a large transformative acquisition. Last quarter, EPS was $0.86 on revenue of $4.89 billion, up 8.1%, while free cash flow rose 51.9% to $692.7 million. The company raised full-year comp guidance to 4% to 6% and EPS guidance to $3.20 to $3.30. Same-SKU inflation, which ran 5.5% in Q2, is expected to ease to 1% to 2% in the back half of the year.
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Original headline: OReilly Gears Up for Q3 on Oct . 28 : Can DIFM Growth Outrun a Heavy $10B Acquisition Overhang ?
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