Advance Auto Parts (AAP) Tops Q4 EPS by 29c, Revs In-Line

Advance Auto Parts (NYSE: AAP) reported Q4 EPS of $1.64, $0.29 better than the analyst estimate of $1.35. Revenue for the quarter came in at $2.1 billion versus the consensus estimate of $2.12 billion.

“Advance once again delivered another quarter of net sales growth along with an acceleration of adjusted operating income growth amidst a challenging demand environment in Q4. Although sales growth was below our expectations, we grew adjusted operating margin by 106 basis points, which reinforces our team\'s commitment to delivering continuous, incremental improvement on the substantial margin expansion opportunity we have. In addition, our entire Advance team, including our network of Independent Carquest Partners, delivered net sales growth for the second consecutive year, which enabled us to make excellent progress on our long-term objectives,\" said Tom Greco, president and chief executive officer. \"In particular, we ramped up investment in supply chain, eCommerce and technology, which will strengthen our customer value proposition in the future.\"

GUIDANCE:

Advance Auto Parts sees FY2020 revenue of $9.88-10.1 billion, versus the consensus of $9.93 billion.

For earnings history and earnings-related data on Advance Auto Parts (AAP) click here.

You May Also Be Interested In

• KB Home (KBH) Misses Q2 EPS by 2c; Offers Outlook
• Carnival shares drop despite earnings beat on weak guidance
• FedEx (FDX) Tops Q4 EPS by 39c, Beats on Revenue; Offers FY27 EPS Guidance