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Dec 30, 2023
CarParts.com Q4 2023 Earnings Report
CarParts.com reported a 1% increase in net sales, with gross profit remaining flat and a net loss slightly improved compared to the year-ago quarter.
Key Takeaways
CarParts.com reported Q4 2023 results, with net sales increasing by 1% to $156.4 million. Gross profit remained flat at $51.6 million, while the net loss improved slightly to ($6.1) million. The company experienced strong unit growth of approximately 8% during the quarter.
Net sales increased to $156.4 million, up 1% year-over-year.
Gross profit remained flat at $51.6 million.
Net loss was ($6.1) million, compared to a net loss of ($6.2) million in the year-ago quarter.
Adjusted EBITDA was $1.0 million, compared to $2.1 million in the year-ago quarter.
Forward Guidance
For the full year 2024, the company expects comparable net sales to range from negative two percent to positive two percent and gross margin in the range of 30% to 32%.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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