Categories AlphaGraphs, Earnings, Industrials

Infographic: Highlights of Advance Auto Parts’ (AAP) Q3 2022 earnings

Advance Auto Parts, Inc. (NYSE: AAP) has reported financial results for the third quarter of fiscal 2022. Adjusted earnings decreased 12% year-over-year even as net sales remained broadly unchanged.

Advance Auto Parts Q3 2022 earnings infographic

Net income, excluding one-off items, dropped to $2.84 per share in the three-month period from $3.21 per share last year. Third-quarter unadjusted net income decreased to $110.9 million or $1.84 per share from $169.8 million or $2.68 per share in the same period of 2021.

At $2.64 billion, third-quarter revenues were up 1% from the corresponding period of the prior year. Comparable store sales dropped by 0.7%, marking the second consecutive decline.


Check this space to read management/analysts’ comments on quarterly reports


“We continue to execute our strategy to drive full year net sales growth and adjusted operating income margin expansion while returning excess cash to shareholders. In the third quarter, net sales grew 0.8% which benefited from improvements in strategic pricing and new stores, while comparable store sales declined by 0.7% in-line with previous guidance,” said Tom Greco, chief executive officer of Advance Auto Parts.

Prior Performance

  • Advance Auto Parts Q2 2022 earnings infographic
  • Advance Auto Parts Q1 2022 earnings infographic

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

Most Popular

Intensity Therapeutics is establishing a new field of localized cancer reduction: CEO

Intensity Therapeutics, Inc. (NASDAQ: INTS) is a clinical biotechnology company engaged in the discovery development, and commercialization of first-in-class cancer drugs that attenuate tumors with minimal side effects while training

INTU Earnings: Intuit Q1 2025 adj. profit rises on higher revenues

Financial technology company Intuit Inc. (NASDAQ: INTU) Thursday announced results for the first quarter of 2025, reporting a modest increase in adjusted earnings. The Mountain View-headquartered company’s first-quarter revenue came

Riding the AI wave, Nvidia looks set to stay on the high-growth path

After delivering strong results for the third quarter, Nvidia Corporation (NASDAQ: NVDA) this week said the launch of its new-generation Blackwell chip is on track. The company is thriving on

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top