Shares of O’Reilly Automotive Inc. tumbled 8.2% in premarket trade Wednesday, after the auto parts retailer reported second-quarter same-store sales that were well below expectations. The company said same-store sales declined 1.7%, below its previously-provided guidance of 3% to 5%, and below the FactSet consensus of 3.9%. Chief Executive Greg Henslee said that after an upbeat April, the sales environment was “more challenging” the rest of the quarter, due to what the company believes were “continued headwinds from a second consecutive mild winter and overall weak consumer demand.” He said the shortfall will have a “consequent impact on our operating profitability,” which will be reported on July 26. The stock, which is on track to open at the lowest level seen during regular session hours since Feb. 4, 2015, has plunged 21% year to date through Monday, while the SPDR S&P Retail ETF has lost 6.9% and the S&P 500 has gained 8.5%.
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