In 1957, Charles O’Reilly opened a single auto parts store in Springfield, Missouri.
The gross margins in retail auto parts are phenomenal.
Absolutely, and they've held up remarkably well over time, which tells you a lot about the pricing power in this business.
...and the value of service in this business. O'Reilly does a lot of little things right and the most often the customer wins, as in so doing, the company raises the bar for its competitors.
The gross margins in retail auto parts are phenomenal.
Absolutely, and they've held up remarkably well over time, which tells you a lot about the pricing power in this business.
...and the value of service in this business. O'Reilly does a lot of little things right and the most often the customer wins, as in so doing, the company raises the bar for its competitors.