Advance Auto Parts Swings to Fiscal Q1 Adjusted Loss, Revenue Drops

MT Newswires Live
22 May

Advance Auto Parts (AAP) reported a fiscal Q1 adjusted loss Thursday of $0.22 per diluted share, swinging from earnings of $0.33 a year earlier.

Analysts polled by FactSet expected a loss of $0.82.

Net sales for the quarter ended April 19 were $2.58 billion, down from $2.77 billion a year earlier.

Analysts surveyed by FactSet expected $2.50 billion.

The company said it continues to expect fiscal 2025 adjusted EPS of $1.50 to $2.50. Analysts polled by FactSet expect $1.42.

The company also reaffirmed its net sales outlook of $8.40 billion to $8.60 billion. Analysts surveyed by FactSet expect $8.47 billion.

Shares of Advance Auto Parts were up almost 20% in recent premarket activity.

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