Advance Auto Parts: Stellar Q1 Shows The Turnaround Is Working
Advance Auto Parts reported strong first-quarter results, indicating a successful turnaround. The company achieved an earnings per share (EPS) of $0.77 and a 3.5% increase in same-store sales. Despite this positive performance, Advance Auto Parts has maintained a conservative outlook for the full year.
- ▪Advance Auto Parts reported an EPS of $0.77 for Q1.
- ▪The company experienced a 3.5% growth in same-store sales during the quarter.
- ▪Gross margin improved by 130 basis points to 45.1%.
- ▪Operating margin expanded by 410 basis points to 3.8%.
- ▪AAP has set a full-year EPS guidance of $2.40 to $3.10.
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