CarParts.com Q1 net sales up 6% to $175.5M; net income falls to $1.1M

CarParts.com, Inc.

2023-Q1 EPS reported $0.02 revenue$175,492,000

Net sales $175.5M (+6% YoY); gross profit $62.6M (+2%); gross margin 35.6% (down 120 bps on freight).
Net income $1.1M ($0.02 EPS) vs $2.1M ($0.04 EPS) in prior-year quarter; Adjusted EBITDA flat at $9.4M.
Cash balance $49.3M, no revolver debt or trade LCs, vs $18.8M cash at year-end 2022.
CEO cites 13th consecutive quarter of growth; plans to drive operating improvements and expand assortment.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

CarParts.com, Inc. reported first quarter ended April 1, 2023 results: revenue $175.5 million, net income $1.1 million, EPS $0.02 per diluted share.

Period: first quarter ended April 1, 2023
Revenue: $175.5 million
Net income: $1.1 million
EPS: $0.02 per diluted share
Result: reported results

Exact text from the filing

and maintenance needs, is reporting results for the first quarter ended April 1, 2023. First Quarter 2023 Summary vs. Year-Ago Quarter ● Net sales increased 6% year over year to $175.5 million and increased 20% on a two-year stack. ● Gross profit increased 2% to $62.6 million, with gross margin of 35.6%. ● Net income w as $1.1 million or $0.02 per diluted share,

View on SEC.gov

51 earnings releases filed in the last 30 days. Browse all earnings releases →

CarParts.com, Inc. filing history →

Source: SEC EDGAR

accession 0001378950-23-000028

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.