Categories AlphaGraphs, Earnings, Industrials
Infographic: Key highlights from Advance Auto Parts’ (AAP) Q1 2023 earnings results
Advance Auto Parts, Inc. (NYSE: AAP) reported first quarter 2023 earnings results today.
Net sales totaled $3.4 billion, up 1.3% year-over-year, driven mainly by new store openings. Comparable store sales fell 0.4%.

Net income was $42.6 million, or $0.72 per share, compared to $139.7 million, or $2.26 per share, last year.
Both revenue and earnings missed expectations.
AAP lowered its guidance for the full year of 2023. Net sales are now expected to be $11.2-11.3 billion. Comparable store sales are expected to range from down 1% to flat and EPS is expected to be $6.00-6.50.
The company declared a cash dividend of $0.25 per share, payable on July 28, 2023 to all common stockholders of record as of July 14, 2023. This reflects a reduction of 83% from the previous dividend of $1.50.
The stock crashed over 28% in premarket hours on Wednesday.
Prior performance

Most Popular
Earnings Preview: FedEx looks set to report mixed results for Q4 2025
FedEx Corp. (NYSE: FDX) is preparing to report fourth-quarter earnings on Tuesday, June 24, at 4:00 pm ET. Recently, the management lowered its full-year earnings and revenue guidance for the
How Ulta Beauty’s (ULTA) new strategy is fueling growth
Shares of Ulta Beauty, Inc. (NASDAQ: ULTA) were up over 1% on Monday. The stock has gained 31% over the past three months. The beauty retailer started fiscal year 2025
Earnings Preview: What to look for when Kroger (KR) reports Q1 2025 results
The Kroger Co. (NYSE: KR) is expected to report its first-quarter financial results next week. Customer engagement remained stable last year, driven by high-quality products and tailored promotional offers. Recently,