CarParts.com Q2 net sales $176.2M (+12% YoY); net income $4.1M

CarParts.com, Inc.

2022-Q2 EPS reported $0.11 revenue$342,273,000

Net sales $176.2M, +12% YoY; 10th consecutive quarter of YoY sales growth.
Net income $4.1M ($0.07 diluted EPS) vs $2.1M ($0.04) YoY; Adjusted EBITDA flat at $8.3M.
Gross profit $61.9M (+16%); gross margin 35.1%, +120 bps YoY.
Cash $15.2M, no revolver debt; new $75M credit facility (undrawn) with accordion to $150M.
Guidance: double-digit net revenue growth in H2 2022.

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