Home Auto Parts Advance Auto Parts (AAP) Q4 Earnings Beat Estimates, Up Y/Y

Advance Auto Parts (AAP) Q4 Earnings Beat Estimates, Up Y/Y




Advance Auto Parts, Inc. AAP mentioned adjusted earnings of $1.17 in keeping with the percentage in fourth-quarter 2018 (ended Dec 29, 2018), up from 77 cents in the prior-yr quarter. The determine surpassed the Zacks Consensus Estimate of $1.14. Adjusted running earnings multiplied 11.7% 12 months over yr to $127.1 million.

Advance Auto Parts stated internet revenues of $2.1 billion, nearly in step with the Zacks Consensus Estimate. Revenues were 3.3% better than the 12 months-ago area. During the zone below evaluate, similar save income was 3.4% higher 12 months over the year.

Gross income changed into $928.6 million within the suggested region, higher than the previous-year sector figure of $873.6 million. Gross Profit margin extended one hundred twenty basis points year over 12 months to 44.1%.
Adjusted selling, widespread and administrative (SG&A) expenses totaled $802.4 million in comparison with $759.Nine million within the year in the past period.
2018 Results
For 2018, Advance Auto Parts suggested adjusted profits according to the percentage of $7.Thirteen, up from the 2017 parent of $five.37.For 2018, sales had been $nine.6 billion, up from the 2017 figure of $nine.Four billion.




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