Categories AlphaGraphs, Consumer, Earnings
Infographic: Highlights of Advance Auto Parts (AAP) Q1 2020 earnings results
Advance Auto Parts, Inc. (NYSE: AAP) reported its financial results for the quarter ended April 18, 2020, on Tuesday before the market opens. The results were significantly impacted by the COVID-19 pandemic.
The top-line declined by 9% due to the impact of the COVID-19 pandemic. Comparable store sales decreased by 9.3%. The company withdrew guidance on April 9 and is not providing guidance now given the uncertainties related to the full impact of the COVID-19 pandemic.
Through the first four weeks of Q2, comparable-store sales improved significantly each week. While many uncertainties remain with respect to factors that drive demand, the company expects that DIFM sales will continue to improve as a stay at home orders are lifted.
On May 15, the company declared a regular cash dividend of $0.25 per share. The dividend will be paid on July 03, 2020, to all common stockholders of record as of June 13, 2020.
Past Performance
Most Popular
Southwest is looking northside as lockdown restrictions ease
When Warren Buffett dumped airline stocks suffering massive losses three weeks ago, he probably overlooked one key aspect about the industry – that no amount of restrictions will kill people’s
Alibaba (BABA) entering a new phase as China emerges from COVID crisis
Alibaba Group Holding Ltd (NYSE: BABA) is striving to regain strength after falling sharply last week, ahead of fourth-quarter earnings. The positive results failed to impress stakeholders as market sentiment
Chinese exodus from US exchanges not an unlikely scenario
The US is now back in the ring with its nemesis China for the second round. This time, the US administration has wasted no time in delivering a massive blow,