CarParts.com Q3 net sales $166.9M (+1% YoY); net loss widens to $2.5M

CarParts.com, Inc.

2023-Q3 EPS reported -$0.04 revenue$519,334,000

Net sales of $166.9M, up 1% YoY (17% two-year stack); gross margin 32.9%, down 120 bps.
Net loss ($2.5M) vs ($0.9M); adjusted EBITDA $3.0M vs $6.3M.
Cash $66.7M, no revolver debt; repurchased 245k shares for $1.1M.
Mobile app launched, 70k downloads and $2M revenue to date.
15th consecutive quarter of YoY sales growth; CEO cites softening consumer environment.

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 0.95

CarParts.com, Inc. reported the third quarter ended September 30, 2023 results: revenue $166.9 million, net income ($2.5) million.

Period: the third quarter ended September 30, 2023
Revenue: $166.9 million
Net income: ($2.5) million
Result: reported results

Exact text from the filing

incorporation language contained in such filing. --- EX-99.1 (EX-99.1) --- CarParts.com Reports Highest Third Quarter Sales in Company History 3rd Quarter Sales of $167 million, up 1% Year over Year 15th Consecutive Quarter of Year over Year Sales Growth TORRANCE, Calif. – October 30 th , 2023 – CarParts.com, Inc. (NASDAQ: PRTS), one of the leading

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CarParts.com, Inc. filing history →

Source: SEC EDGAR

accession 0001378950-23-000075

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