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Stock impact report

O'Reilly Auto Parts CEO warns consumers will see change in stores [Yahoo! Finance]

O'Reilly Automotive, Inc. (ORLY) 
Last o'reilly automotive, inc. earnings: 4/22 04:30 pm Check Earnings Report
Company Research Source: Yahoo! Finance
The Memphis-based company reported an $80 million non-cash LIFO (last in, first out) charge in the previous quarter due to tariffs, and they expect that number to grow to $120 million in the current first fiscal quarter. After that, it expects charges between $80 million and $85 million throughout the rest of the fiscal year. U.S. auto parts tariffs at a glance 25% duty on imported auto parts, engines, and vehicles USMCA exemption for Mexico and Canada Japan and EU rate reduced to 15% UK rate reduced to 10% But AutoZone also said it was in a good place due to consumer inelasticity. “Customers can defer that maintenance for some period of time, but ultimately they realize that they've got to fix it or it creates more damage,” Chief Executive Philip B. Daniele said on the earnings call. According to Daniele, the cost of going to his stores to buy parts to fix a car yourself is still far below dealership costs, so although prices are going up due to tariffs, AutoZone i Show less Read more
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