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Stock impact report

Advance Auto Parts beats profit expectations, but same-store sales miss [MarketWatch]

Advance Auto Parts Inc. (AAP) 
Last advance auto parts inc. earnings: 2/18 06:30 am Check Earnings Report
Company Research Source: MarketWatch
Advance Auto Parts beats profit expectations, but same-store sales miss Advance Auto Parts Inc. AAP, +0.74% reported Tuesday a fourth-quarter profit that beat expectations, but same-store sales that came up a bit short. The auto parts retailer's stock was still inactive in premarket trade. Net income fell to $53.4 million, or 74 cents a share, from $184.5 million, or $2.49 a share, in the same period a year ago, which included benefits of tax reform. Excluding non-recurring items, adjusted earnings per share came to $1.17, above the FactSet consensus of $1.13. Sales rose 3.3% to $2.11 billion, matching the FactSet consensus, while same-store sales growth of 3.6% was just below expectations of a 3.4% rise. For 2019, the company expects net sales of $9.65 billion to $9.80 billion, compared with the FactSet consensus of $9.78 billion, and expects same-store sales to increase 1.0% to 2.5%, surrounding the FactSet consensus of 2.0% growth. The stock has lost 4.4% over the past three mon Show less Read more
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