Categories Consumer, Earnings

Advance Auto Parts says Q1 sales increased 2.7%

Advance Auto Parts (NYSE: AAP) reported first-quarter adjusted earnings of $2.46 per share, up 17% year-over-year,  surpassing the Wall Street consensus of $2.36 per share. Net sales for the quarter improved 2.7% to $2.95 billion, slightly higher than $2.94 billion projected by analysts.

The top line was spurred by a 2.7% growth in comparable sales.

advance auto parts Q1 2019 earnings

AAP shares ended its last trading session 1.68% in green on Tuesday. In the past 12 months, the stock has gained almost 40%.

Adjusted profit margin saw a 37 basis points improvement, primarily driven by favorable product margin and improved inventory management.

CEO Tom Greco said, “Our free cash flow improved by nearly 20% as a result of our continued disciplined approach to cash management. The early progress against our strategic transformation agenda is becoming more evident throughout our culture and in our improving results.”

READ: HEWLETT PACKARD ENTERPRISE EXPECTED TO POST Q2 EPS OF $0.36

The company also reaffirmed its outlook for 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%.

Rival AutoZone (NYSE: AZO) yesterday reported better-than-expected earnings and sales for the third quarter of 2019, aided by strong comparable store sales. The company’s stock gained nearly 3% following the announcement.

Browse through our earnings calendar and get all scheduled earnings announcements, analyst/investor conference and much more!

Most Popular

United Parcel Service (UPS) seems on track to regain lost strength

Cargo giant United Parcel Service, Inc. (NYSE: UPS) ended fiscal 2023 on a weak note, reporting lower revenues and profit for the fourth quarter. The company experienced a slowdown post-pandemic

IPO Alert: What to look for when Boundless Bio goes public

Boundless Bio is preparing to debut on the Nasdaq stock market this week, and become the latest addition to the list of biotech firms that have launched IPOs this year.

Nike (NKE) bets on innovation and partnerships to return to high growth

Sneaker giant Nike, Inc. (NYSE: NKE) has been going through a rough patch for some time, with sales coming under pressure from weak demand and rising competition. Post-pandemic, the company

Comments

  1. Pingback: Beverly Bultron
  2. Pingback: Inclusiveness
  3. Pingback: Future University
  4. Pingback: Data Science
  5. Pingback: Dr. Ebada Sarhan
  6. Pingback: future university
  7. Pingback: cortexi
  8. Pingback: Fiverr Earn
  9. Pingback: Fiverr Earn
  10. Pingback: Fiverr Earn
  11. Pingback: fiverrearn.com
  12. Pingback: fiverrearn.com
  13. Pingback: TMS System
  14. Pingback: fiverrearn.com
  15. Pingback: weather
  16. Pingback: fiverrearn.com
  17. Pingback: french bulldog
  18. Pingback: fiverrearn.com
  19. Pingback: french bulldog
  20. Pingback: swimsuit for women
  21. Pingback: techno
  22. Pingback: Fiverr
  23. Pingback: Lean
  24. Pingback: Warranty
  25. Pingback: Piano refurbishing
  26. Pingback: MB Removals
  27. Pingback: Classic Books 500
  28. Pingback: FiverrEarn
  29. Pingback: FiverrEarn
  30. Pingback: Speaker
  31. Pingback: FiverrEarn
  32. Pingback: partners
  33. Pingback: Globalization
  34. Pingback: french bulldog
  35. Pingback: FiverrEarn
  36. Pingback: FiverrEarn
  37. Pingback: FiverrEarn
  38. Pingback: FiverrEarn
  39. Pingback: live sex cams
  40. Pingback: FiverrEarn
  41. Pingback: FiverrEarn
  42. Pingback: FiverrEarn
  43. Pingback: FiverrEarn
  44. Pingback: FiverrEarn
  45. Pingback: FiverrEarn
  46. Pingback: FiverrEarn
  47. Pingback: FiverrEarn
  48. Pingback: FiverrEarn
  49. Pingback: web design
  50. Pingback: FiverrEarn
  51. Pingback: FiverrEarn
  52. Pingback: FiverrEarn
  53. Pingback: puravive legit
  54. Pingback: cheap sex cams
  55. Pingback: fullersears.com
  56. Pingback: fullersears.com
  57. Pingback: live sex cams
  58. Pingback: rare breed-trigger
  59. Pingback: 늑대닷컴
  60. Pingback: Slot 3D
  61. Pingback: One Peace AMV
  62. Pingback: nangs sydney
  63. Pingback: allgame
  64. Pingback: 918kiss
  65. Pingback: หวย24
  66. Pingback: pg slot
  67. Pingback: AI Attorney
  68. Pingback: electronic visa
  69. Pingback: SaaS Lawyer
  70. Pingback: itsMasum.Com
  71. Pingback: nang tanks
Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top