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Jan 02, 2021
CarParts.com Q4 2020 Earnings Report
CarParts.com reported record Q4 sales with a significant increase in gross profit, despite a net loss partially due to expenses from a new distribution center.
Key Takeaways
CarParts.com reported a 90% increase in net sales to $119.7 million for Q4 2020. Gross profit increased by 97% to $41.6 million, with gross margin up 110 basis points to 34.8%. However, the company experienced a net loss of $3.5 million, primarily due to expenses associated with opening a new distribution center.
Net sales increased 90% year over year to $119.7 million.
Gross profit increased 97% to $41.6 million, with gross margin up 110 basis points to 34.8%.
Net loss was $3.5 million, compared to a net loss of $25.1 million in the year-ago quarter.
Adjusted EBITDA decreased to $1.0 million vs. $1.7 million in the year-ago quarter.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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