Form 4 ADVANCE AUTO PARTS INC For: Feb 22 Filed by: Word Herman L Jr
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Advance Auto Parts (AAP) misses earnings, tops revenue expectations
February 28, 2024 8:32 AM ESTAdvance Auto Parts (NYSE: AAP) reported a challenging fourth quarter for fiscal year 2023, with a notable decline in earnings per share (EPS) but a slight revenue beat compared to analyst expectations. The company's Q4 EPS came in at a loss of -$0.59, significantly underperforming the analyst estimate of $0.21. However, revenue for the quarter reached $2.5 billion, exceeding the consensus estimate of $2.46 billion. AAP shares have risen 3.5%.
The automotive parts retailer's net sales for the fourth quarter saw a marginal decrease of 0.4% compared to the same... More
