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.
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
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
Most Popular
Earnings Preview: Can Nvidia match its stellar FY25 performance this year?
For Nvidia Corporation (NASDAQ: NVDA), fiscal 2025 was a pivotal year in which the GPU giant generated record-high revenue and profit, capitalizing on its leadership in the AI chip market.
What to expect when Hormel Foods (HRL) reports Q2 2025 earnings results
Shares of Hormel Foods Corporation (NYSE: HRL) stayed green on Tuesday. The stock has gained 6% in the past three months. The branded foods company is scheduled to report its earnings
HD Earnings: Key quarterly highlights from Home Depot’s Q1 2025 financial results
The Home Depot (NYSE: HD) reported its first quarter 2025 earnings results today. Sales of $39.9 billion were up 9.4% year-over-year. Comparable sales decreased 0.3%. Net earnings were $3.4 billion,