CarParts.com reports record FY sales of $675.7M but net loss widens to $8.2M; cuts 150 roles

CarParts.com, Inc.

FY 2023 net sales $675.7M (+2% YoY); net loss ($8.2M) vs ($1.0M); EBITDA $19.7M (vs $26.1M).
Q4 2023 net sales $156.4M (+1%); net loss ($6.1M) flat YoY; EBITDA $1.0M (vs $2.1M).
Guidance: FY 2024 comparable net sales -2% to +2%; gross margin 30-32% (down from 33.9% in FY23).
Eliminating 150 global roles to reduce cost structure amid tough macro 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 0.9

CarParts.com, Inc. updated its fourth quarter and fiscal year ended December 30, 2023 guidance (reaffirmed).

Period: fourth quarter and fiscal year ended December 30, 2023
Guidance: reaffirmed
Result: reported results

Exact text from the filing

On March 7, 2024, CarParts.com, Inc. (the “ Company ” ) issued a press release announcing its financial results for the fourth quarter and fiscal year ended December 30, 2023.

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CarParts.com, Inc. filing history →

Source: SEC EDGAR

accession 0001378950-24-000032

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