ORLY reported sales of $13.3 billion for FY2021, a 15% increase from 2020
Throughout the pandemic, O’Reilly Auto was one of many essential retailers to see their sales grow substantially. As lockdowns forced consumers to stay at home, many used the prolonged period of extra spare time to perform maintenance and mechanic work on their vehicles. Many questioned whether these sales would continue as lockdowns and restrictions ended, but ORLY reported sales of $13.3 billion for FY2021, a 15% increase from 2020. As inflation continues to rise, new vehicles are extremely difficult for the average consumer to obtain and with used car sales prices up 28% on-average from 2020, hopeful car buyers are forced to hold on to their current vehicles, fueling the continued demand for parts.
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