O'Reilly Automotive, Inc. Updates Status of Stores Affected by Rita
SPRINGFIELD, Mo.--Sept. 28, 2005--O'Reilly Automotive, Inc. ("O'Reilly" or "the Company") today announced that most of the stores in the areas affected by Hurricane Rita have reopened. As of 8:00 a.m. CST today, only eight stores remain closed, four of which will open later today and two of which are ready to reopen once clearance has been given by the local authorities. At the time of Rita's landfall, there were 166 stores closed in the affected area due to extensive evacuations of coastal regions including Houston, TX.Additionally, the company announced, that only three stores in Mississippi and Louisiana remained closed as a result of Hurricane Katrina.
"We feel very fortunate to be in this position, considering the potential that existed for significant damage in the areas in Rita's path. Team O'Reilly again demonstrated its commitment to customer service by reopening the affected stores as soon as possible," stated Greg Henslee, CEO and Co-President.
"Our Houston Distribution Center has reopened and resumed deliveries. Our team members in our other distribution centers did an excellent job of filling orders normally handled by Houston to maintain our leading levels of inventory availability to our stores and customers," said Ted Wise, COO and Co-President.
O'Reilly Automotive, Inc. is one of the largest specialty retailers of automotive aftermarket parts, tools, supplies, equipment and accessories in the United States, serving both the do-it-yourself and professional installer markets. Founded in 1957 by the O'Reilly family, the Company operated 1,399 stores within the states of Alabama, Arkansas, Florida, Georgia, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Minnesota, Mississippi, Missouri, Montana, Nebraska, North Carolina, North Dakota, Oklahoma, South Carolina, South Dakota, Tennessee, Texas, Virginia, Wisconsin and Wyoming as of June 30, 2005.
The Company claims the protection of the safe-harbor for forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by forward-looking words such as "expect," "believe," "anticipate," "good," "plan," "intend," "estimate," "project," "will" or similar words. In addition, statements contained within this press release that are not historical facts are forward-looking statements, such as statements discussing among other things, expected growth, store development and expansion strategy, business strategies, future revenues and future performance. These forward-looking statements are based on estimates, projections, beliefs and assumptions and are not guarantees of future events and results. Such statements are subject to risks, uncertainties and assumptions, including, but not limited to, competition, product demand, the market for auto parts, the economy in general, inflation, consumer debt levels, governmental approvals, our ability to hire and retain qualified employees, risks associated with the integration of acquired businesses, weather, terrorist activities, war and the threat of war. Actual results may materially differ from anticipated results described or implied in these forward-looking statements. Please refer to the Risk Factors sections of the Company's Form 10-K for the year ended December 31, 2004, for more details.