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Thursday, 24 August 2023

Advance Auto Parts (AAP) Q2 2023 Earnings: Key financials and quarterly highlights

by Rose White

Advance Auto Parts, Inc. (NYSE: AAP) reported second quarter 2023 earnings results today.

Advance Auto Parts (AAP) Q2 2023 Earnings: Key financials and quarterly highlights

Net sales were $2.7 billion, relatively flat compared to the same period last year. Comparable store sales declined 0.6%.

Net income was $85.3 million, or $1.43 per share, compared to $144.4 million, or $2.38 per share, last year.

For the full year of 2023, the company expects net sales to range between $11.25-11.35 billion. Comparable store sales are expected to be down 0.5% to up 0.5%. EPS is expected to be $4.50-5.10.

Prior performance

The post Advance Auto Parts (AAP) Q2 2023 Earnings: Key financials and quarterly highlights first appeared on AlphaStreet.

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