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!

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