Categories AlphaGraphs, Earnings, Industrials

Advance Auto Parts (AAP) Q2 Earnings: Key financials and quarterly highlights

Advance Auto Parts, Inc. (NYSE:AAP) reported second quarter 2020 earnings results today.

Net sales increased 7.3% year-over-year to $2.5 billion, driven by a 7.5% increase in comparable store sales mainly attributable to the company’s DIY Omnichannel business.

GAAP net income was $190 million compared to $125 million last year. GAAP EPS increased 58.4% to $2.74 while adjusted EPS rose 46% to $2.92 versus the year-ago quarter.

Through the first five weeks of the third quarter, the company has seen strong growth in DIY Omnichannel and positive comparable store sales in Professional.

Advance Auto is not providing guidance for the full year of 2020 due to the ongoing uncertainty related to the COVID-19 pandemic.

Also Read:  Infographic: How Guess Inc. (GES) performed in Q2 2021

Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!

Most Popular

Major earnings conferences to watch this week

After registering a slow recovery in the first half of the week, the markets pared these gains on Thursday and Friday. The weakness witnessed in the latter half of the

Illumina (ILMN) is uniquely placed to offer long-term returns. Here’s why

Illumina, Inc. (NASDAQ: ILMN), a pioneer in genome sequencing technology, has strived to strengthen its unique position in the healthcare sector through strategic partnerships and technological innovation. Its performance so

The COVID-19 pandemic gave these companies an unexpected opportunity

The COVID-19 pandemic raged through the first half of this year and continues to impact the world without signs of abating. Amid this health crisis, several companies reported strong results

Top