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

BLK Earnings: BlackRock Q2 2024 profit jumps on higher revenues

Asset management company BlackRock, Inc. (NYSE: BLK) on Monday reported a double-digit increase in adjusted profit for the second quarter of 2024, aided by an 8% increase in revenues. Second-quarter

GS Earnings: All you need to know about Goldman Sachs’ Q2 2024 earnings results

The Goldman Sachs Group, Inc. (NYSE: GS) reported its second quarter 2024 earnings results today. Net revenues were $12.73 billion, up 17% compared to the same period a year ago,

Intuitive Surgical likely to report strong revenue, profit growth for Q2 2024

Intuitive Surgical, Inc. (NASDAQ: ISRG) is expected to report its second-quarter earnings next week, amid expectations for strong revenue and profit growth. The medical device maker is thriving on the

Add Comment
Viewing Highlight