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Dec 31, 2019
CarParts.com Q4 2019 Earnings Report
U.S. Auto Parts reported Q4 2019 results with private label sales up 15% and the strongest gross margin since 2011.
Key Takeaways
U.S. Auto Parts reported a decline in net sales to $63.0 million due to the reduction of unprofitable business lines, but gross profit increased by 28% to $21.2 million. The company experienced a net loss of $(25.1) million, which included a $(21.5) million deferred tax valuation allowance. Adjusted EBITDA increased by 137% to $1.7 million.
Private label sales increased 15% year-over-year.
Gross profit increased 28% to $21.2 million, with gross margin up 800 basis points to 33.7%.
Net sales declined to $63.0 million due to reduction of unprofitable business lines.
Adjusted EBITDA increased 137% to $1.7 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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