Categories AlphaGraphs, Earnings, Retail

Earnings: Advance Auto Parts shares slip as Q4 comp sales come below expectation

Advance Auto Parts (AAP) reported fiscal 2018 net sales of $9.6 billion, coming at the upper end of the ambitious target set by the management.

For the fourth quarter, net sales improved 3.3% to $2.1 billion, in line with the street consensus. The improved sales lifted its Q4 adjusted earnings 52% to $1.17 per share, while analysts were expecting $1.14 per share.

However, shares fell during pre-market trading as comparable sales for the quarter grew 3.4%, below the expected levels.

AAP shares ended its last trading session up 0.7% on Friday. Continuing its recovery from the multi-year lows, the stock last year recouped most of the losses but underperformed the sector. In the trailing 52 weeks, the stock is up 62%.

Operating income margin came under pressure from the heavy investment in supply chain and IT infrastructure, and fell 28 bps in Q4.

An infographic on Advance Auto Parts' fourth quarter 2018 earnings results

CEO Tom Greco said, “We are pleased with the continuous progress throughout 2018 versus our long-term strategic objectives and remain committed to further strengthening our Customer Value Proposition to capitalize on the substantial opportunity still ahead for Advance.”

For the full year 2019, the North Carolina-based company expects net sales between $9.65 billion and $9.8 billion, with comp sales increase projected in the range of 1% to 2.5%.

The provider of automotive aftermarket parts seems to be doing everything to boost performance on a long-term basis, including store openings, strategic partnerships, and aggressive e-commerce push. A significant move towards expanding market share was the partnership signed with Walmart (WMT) last year, for setting up a unique auto parts store on the retailer’s online platform.


Advance Auto Parts Q3 profit soars on comp sales growth


The ongoing shift to the digital space bodes well for Advance Auto Parts, as the online traffic has increased notably in recent months. The expanding customer base could add to sales growth in the fourth quarter, with the extensive portfolio of auto accessories and parts reaching more markets now.

Last week, the company announced the appointment of Jeffrey Jones, CEO of H&R Block (HRB), and Best Buy’s (BBY) former CFO Sharon McCollam to its board of directors, effective immediately.



Follow our Google News edition to get the latest stock market, earnings, and financial news at your fingertips

Most Popular

Infographic: How UnitedHealth Group (UNH) performed in Q2 2024

UnitedHealth Group (NYSE: UNH) reported second quarter 2024 earnings results today. Revenues increased to $98.9 billion from $92.9 billion a year ago. Net earnings attributable to UnitedHealth Group common shareholders

SCHW Earnings: Highlights of Charles Schwab Corporation’s Q2 2024 results

Financial services company The Charles Schwab Corporation (NYSE: SCHW) on Tuesday reported a decrease in adjusted earnings and a modest increase in revenues for the second quarter of 2024. Total

BAC Earnings: Key quarterly highlights from Bank of America’s Q2 2024 financial results

Bank of America (NYSE: BAC) reported its second quarter 2024 earnings results today. Revenue, net of interest expense, of $25.4 billion increased 1% from the prior-year period, reflecting higher asset


  1. Pingback: Life-long learners
  2. Pingback: سياسة
  3. Pingback: fue
  4. Pingback: Pharmacognos
  5. Pingback: investment
  6. Pingback: Computer Science
  7. Pingback: Prof. Ebada Sarhan
  8. Pingback: seated dips
  9. Pingback: pec deck inversé
  10. Pingback: Fiverr Earn
  11. Pingback: Fiverr Earn
  12. Pingback: Fiverr Earn
  13. Pingback:
  14. Pingback:
  15. Pingback:
  16. Pingback:
  17. Pingback:
  18. Pingback:
  19. Pingback:
  20. Pingback:
  21. Pingback:
  22. Pingback: frenchton dog
  23. Pingback: frenchie doodle
  24. Pingback: frenchie colors
  25. Pingback: Pandora earrings
  26. Pingback: future university
  27. Pingback: future university
  28. Pingback: french bulldog pin
  29. Pingback: multisbo slot
  30. Pingback: wix marketplace
  31. Pingback: wix
  32. Pingback: grey frenchie
  33. Pingback: six sigma
  34. Pingback: Piano service
  35. Pingback: FUE
  36. Pingback: FUE
  37. Pingback: FUE
  38. Pingback: Classic Books 500
  39. Pingback: FiverrEarn
  40. Pingback: Fiverr
  41. Pingback: Streamer
  42. Pingback: Aussie Porn Stars
  43. Pingback: partners
  44. Pingback: foliprime reviews
  45. Pingback: Public Policy
  46. Pingback: FiverrEarn
  47. Pingback: FiverrEarn
  48. Pingback: FiverrEarn
  49. Pingback: FiverrEarn
  50. Pingback: FiverrEarn
  51. Pingback: live sex cams
  52. Pingback: FiverrEarn
  53. Pingback: FiverrEarn
  54. Pingback: FiverrEarn
  55. Pingback: FiverrEarn
  56. Pingback: wix login
  57. Pingback: anniversary
  58. Pingback: pharmacy
  59. Pingback: Kuliah Termurah
  60. Pingback: cheap sex cams
  61. Pingback:
  62. Pingback:
  63. Pingback: live sex cams
  64. Pingback: frt trigger
  65. Pingback: 늑대닷컴
  66. Pingback: One Peace AMV
  67. Pingback: nangs near me
  68. Pingback: allgame
  69. Pingback: 918kiss
  70. Pingback: หวย24
  71. Pingback: Best makeup brands
  72. Pingback: pg slot
  73. Pingback: Raahe Guide
  74. Pingback: resort lake placid
  75. Pingback: catskills hotel
  76. Pingback: health supplements
  77. Pingback: 25-06 ammo
  78. Pingback: contratar sicario
  79. Pingback: itsMasum.Com
  80. Pingback:
  81. Pingback:
  82. Pingback:
  83. Pingback: shanghai jobs
  84. Pingback: jobs
  85. Pingback: rome jobs
  86. Pingback: cheap sex shows
  87. Pingback: cam girls
  88. Pingback: Kampus Ternama
  89. Pingback: 918kiss
Add Comment
Viewing Highlight