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.
Benchmark stock indexes pared their recent gains early this week amid elevated inflation concerns, but regained a part of the momentum later aided by recovery in tech stocks. The Dow
Aurora Cannabis Inc. (NYSE: ACB) reported third quarter 2021 earnings results today. Total revenues fell 25% year-over-year to CAD55.1 million. Adjusted EBITDA loss amounted to CAD24 million. Cash balance as
Media behemoth The Walt Disney Company (NYSE: DIS) reported second-quarter revenues that declined from last year as customers stayed away from theatres and parks due to pandemic-related safety issues and