CarParts.com Q2 sales hit record $177M but net loss of $0.7M vs net income $4.1M YoY

CarParts.com, Inc.

2023-Q2 EPS reported $0.01 revenue$352,470,000

Net sales $177.0M, highest quarterly level, up slightly YoY and 12% on two-year stack.
Gross margin 34.2% down 90 bps; gross profit $60.4M vs $61.9M YoY.
Net loss ($0.7M) compared to net income $4.1M in prior-year quarter.
Adjusted EBITDA $6.3M vs $8.3M YoY; cash $79.2M, zero revolver debt.
Repurchased 250,000 shares for $1.05M during quarter; launched mobile app.

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 second quarter ended July 1, 2023 results: revenue $177.0 million, net income ($0.7) million.

Period: second quarter ended July 1, 2023
Revenue: $177.0 million
Net income: ($0.7) million
Result: reported results

Exact text from the filing

general incorporation language contained in such filing. --- EX-99.1 (EX-99.1) --- CarParts.com Reports Highest Quarterly Sales in Company History 2nd Quarter Sales of $177 million, up Slightly Year over Year 14th Consecutive Quarter of Year over Year Sales Growth TORRANCE, Calif. – August 1 st , 2023 – CarParts.com, Inc. (NASDAQ: PRTS), one of the

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Source: SEC EDGAR

accession 0001378950-23-000063

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