Auto parts retailer O’Reilly Automotive on Monday said that it is lowering its guidance after completing a review of lease accounting practices.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more


Citing a Securities and Exchange Commission filing, Reuters said the company is reducing its earnings per share outlook for the first quarter by a penny and for 2005 by 4 cents – the change results from a correction to accounting for operating leases, the company reportedly said in the filing.


Reuters noted that, although O’Reilly said it will incur additional non-cash rent and depreciation expense of about $10.4 million in the fourth quarter of 2004, prior years’ financial statements will not be restated.

Just Auto Excellence Awards - The Benefits of Entering

Gain the recognition you deserve! The Just Auto Excellence Awards celebrate innovation, leadership, and impact. By entering, you showcase your achievements, elevate your industry profile, and position yourself among top leaders driving automotive industry advancements. Don’t miss your chance to stand out—submit your entry today!

Nominate Now