Categories AlphaGraphs, Earnings, Industrials
Infographic: Key highlights from Advance Auto Parts’ (AAP) Q1 2023 earnings results
Advance Auto Parts, Inc. (NYSE: AAP) reported first quarter 2023 earnings results today.
Net sales totaled $3.4 billion, up 1.3% year-over-year, driven mainly by new store openings. Comparable store sales fell 0.4%.
Net income was $42.6 million, or $0.72 per share, compared to $139.7 million, or $2.26 per share, last year.
Both revenue and earnings missed expectations.
AAP lowered its guidance for the full year of 2023. Net sales are now expected to be $11.2-11.3 billion. Comparable store sales are expected to range from down 1% to flat and EPS is expected to be $6.00-6.50.
The company declared a cash dividend of $0.25 per share, payable on July 28, 2023 to all common stockholders of record as of July 14, 2023. This reflects a reduction of 83% from the previous dividend of $1.50.
The stock crashed over 28% in premarket hours on Wednesday.
Prior performance
Most Popular
Key highlights from Deere & Co.’s (DE) Q4 2024 earnings results
Deere & Company (NYSE: DE) reported its fourth quarter 2024 earnings results today. Worldwide net sales and revenues decreased 28% year-over-year to $11.14 billion. Net income was $1.24 billion, or
NVDA Earnings: Nvidia Q3 profit jumps, beats estimates
NVIDIA Corporation (NASDAQ: NVDA) on Wednesday reported a sharp increase in adjusted profit and revenue for the third quarter of 2025. Earnings also topped analysts' estimates. The tech firm’s revenues
Lowe’s Companies (LOW): A few points to note about the Q3 2024 performance
Shares of Lowe’s Companies, Inc. (NYSE: LOW) rose over 1% on Wednesday. The stock has gained 8% over the past three months. The company delivered better-than-expected earnings results for the
