CarParts.com Q1 net sales $166.3M (-5% YoY), net loss $6.5M; cuts FY net sales guidance to $600-625M

CarParts.com, Inc.

2024-Q1 EPS reported -$0.11 revenue$166,289,000

Net sales $166.3M, down 5% YoY; net loss $6.5M ($0.11 per share) vs net income $1.1M a year ago.
Gross profit $53.9M (32.4% margin, down 320 bps) from higher outbound transportation and price compression.
Adjusted EBITDA $1.1M, down from $9.4M in prior year quarter.
FY2024 net sales guidance lowered to $600-625M (from $662-688M); gross margin raised to ~33%.
Cash $46.0M, no revolver debt as of March 30, 2024.

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 the first quarter ended March 30, 2024 results: revenue Net sales decreased to $166.3 million, net income Net loss was ($6.5) million, EPS ($0.11) per share. Guidance lowered.

Period: the first quarter ended March 30, 2024
Revenue: Net sales decreased to $166.3 million
Net income: Net loss was ($6.5) million
EPS: ($0.11) per share
Guidance: lowered
Result: reported results

Exact text from the filing

vehicle repair and maintenance needs, is reporting results for the first quarter ended March 30, 2024. First Quarter 2024 Summary vs. Year-Ago Quarter ● Net sales decreased to $166.3 million, down 5% from the year-ago quarter. ● Gross profit of $53.9 million vs. $62.6 million, with gross margin of 32.4%. ● Net loss was ($6.5) million, or ($0.11) per share, compared

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Source: SEC EDGAR

accession 0001378950-24-000058

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