earnings
confidence high
sentiment negative
materiality 0.65
Advance Auto Parts Q1 EPS $0.67, down from $0.81; net sales $3.4B, -0.3% YoY
ADVANCE AUTO PARTS INC
2024-Q1 EPS reported
$0.67
revenue$3,406,254,000
- Diluted EPS $0.67 vs $0.81 in Q1 2023; net sales $3.4B, down 0.3%; comparable store sales -0.2%.
- Gross margin 42.0%, down 82 bps; operating income $86M (2.5% margin) vs 2.9% prior year.
- SG&A improved to 39.4% from 39.9% on cost control; free cash flow outflow $46.3M vs -$472.5M.
- FY2024 guidance: net sales $11.3-11.5B, diluted EPS $3.75-4.25, comps 0-1%, capex $200-250M.
- Declared $0.25 dividend; progressing Worldpac sale and DC conversions.