earnings
confidence high
sentiment negative
materiality 0.80
Advance Auto Parts Q2 adj. EPS $3.74 (+10%) but comp sales -0.6%; lowers FY guidance
ADVANCE AUTO PARTS INC
2022-Q2 EPS reported
$4.63
revenue$6,039,636,000
- Net sales of $2.7B (+0.6% YoY); comparable store sales fell 0.6% due to DIY omnichannel pressure.
- GAAP diluted EPS $2.38 (-13.1%); adjusted diluted EPS $3.74 (+10.0%).
- Adjusted operating income margin 11.7%, a 7-year high, up 34 bps YoY.
- Lowered FY 2022 guidance: net sales $11.0-11.2B (prev. $11.2-11.5B), adj. EPS $12.75-13.25 (prev. $13.30-13.85).
- Returned $291M to shareholders via buybacks and dividends; $1.1B remaining under buyback program.