Advance Auto Parts (AAP) Q2 2024 Earnings Overview
Thursday, 22 August 2024, 10:52
Advance Auto Parts Q2 2024 Earnings Report
Advance Auto Parts, Inc. (NYSE: AAP) announced its earnings for the second quarter of 2024 today. Key highlights include:
- Net Sales: $2.7 billion, flat compared to the previous year
- Comparable Store Sales: Increased by 0.4%
- Net Income: $45 million, or $0.75 per share, down from $78.6 million, or $1.32 per share last year
This report indicates revenue surpassed expectations, while earnings fell short of estimates. For 2024, Advance Auto Parts anticipates net sales between $11.15-11.25 billion with an EPS of $2.00-2.50. Importantly, comparable store sales projections range from a decline of 1% to flat, prompting a notable 8% drop in stock price during premarket trading on Thursday.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.