Shares of Advance Auto Parts (NYSE:AAP) moved higher by 7.5% in pre-market trading after the company reported Q1 results.
Earnings per share decreased 63.01% over the past year to $0.91, which missed the estimate of $1.75.
Revenue of $2,698,000,000 declined by 8.60% year over year, which missed the estimate of $2,740,000,000.
Advance Auto Parts hasn't issued any earnings guidance for the time being.
Revenue guidance hasn't been issued by the company for now.
Conference Call Details
Date: May 19, 2020
Time: 08:00 AM
ET Webcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Fir.advanceautoparts.com%2Finvestors%2Fnews-and-events%2Fevents-and-presentations%2Fdefault.aspx&eventid=2316432&sessionid=1&key=37706F278BDD2DBF51CF7716B84BC5EC®Tag=&sourcepage=register
Company's 52-week high was at $171.43
Company's 52-week low was at $71.33
Price action over last quarter: down 5.26%
Advance Auto Parts is one of the industry's largest retailers of aftermarket automotive parts, tools, and accessories to do-it-yourself customers in North America. Advance operated 5,037 stores as of the end of 2019, in addition to servicing 1,253 independently owned Carquest stores. The company's Worldpac unit is a premier distributor of imported original-equipment parts. Advance derived 60% of its 2019 sales from commercial clients, up from 30%-40% before the General Parts deal.