U.S. Auto Parts Network (PRTS) Tops Q2 EPS by 2c

U.S. Auto Parts Network (NASDAQ: PRTS) reported Q2 EPS of ($0.02), $0.02 better than the analyst estimate of ($0.04). Revenue for the quarter came in at $76.5 million versus the consensus estimate of $79.17 million.

Comparable net sales increased 1.2% for Q2 2015 compared to Q2 2014. Overall net sales decreased 0.6% to $76.41 million for Q2 2015 compared to $76.88 million for Q2 2014. Our Q2 2015 net sales consisted of online sales, representing 90.8% of the total (compared to 91.3% in Q2 2014), and offline sales, representing 9.2% of the total (compared to 8.7% in Q2 2014). The net sales decrease of 0.6%was driven by a decrease of $0.78 million, or 1.1%, in online sales partially offset by an increase in offline sales of $0.30 million, or 4.4%. The online sales decrease of 1.1% was primarily due to lower traffic and orders partially offset by increases in conversion, average order value and revenue capture.

For earnings history and earnings-related data on U.S. Auto Parts Network (PRTS) click here.

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