secwatch.observer — SEC 8-K summary
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Issuer:     CarParts.com, Inc. (PRTS)
CIK:        0001378950
Form:       8-K
Filed at:   2024-05-07T23:59:59+00:00
Accession:  0001378950-24-000058
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1378950/000137895024000058/0001378950-24-000058-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1378950/000137895024000058/prts-20240507x8k.htm
  HTML page:      https://secwatch.observer/filing/0001378950-24-000058

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer