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Dec 31, 2022
CarParts.com Q4 2022 Earnings Report
CarParts.com reported record Q4 sales with a year-over-year increase of 12%.
Key Takeaways
CarParts.com reported a record fourth quarter with net sales increasing by 12% year-over-year to $154.5 million. However, the company experienced a net loss of $6.2 million, compared to a net loss of $5.0 million in the year-ago quarter.
Net sales increased 12% year over year to $154.5 million.
Gross profit increased 9% to $51.6 million.
Net loss was ($6.2) million or ($0.11) per diluted share.
Adjusted EBITDA of $2.1 million.
CarParts.com
CarParts.com
Forward Guidance
For the first eight weeks of fiscal year 2023, CarParts.com produced high single digit year-over-year revenue growth combined with sequential gross margin expansion and continue to balance growth with profitability and free cash flow generation.