Loading...
•
Apr 18, 2020
Advance Auto Parts Q1 2020 Earnings Report
Advance Auto Parts was significantly impacted by COVID-19, resulting in decreased net sales and comparable store sales. The company prioritized initiatives and increased on balance sheet liquidity.
Key Takeaways
Advance Auto Parts reported a decrease in net sales and comparable store sales for the first quarter of 2020, primarily due to the impact of COVID-19. Despite the challenges, the company focused on protecting P&L, preserving cash, and increasing liquidity.
Net sales for the first quarter of 2020 were $2.7 billion, an 8.6% decrease versus the first quarter of the prior year.
Comparable store sales for the first quarter of 2020 decreased 9.3%.
Adjusted operating income was $104.3 million in the first quarter of 2020, a decrease of 57.2% versus the first quarter of the prior year.
The Company's Adjusted Diluted EPS was $0.91 for the first quarter of 2020, a decrease of 63.0% compared to the first quarter of the prior year.
Forward Guidance
The Company withdrew guidance on April 9th, 2020 and given uncertainties related to the full impact of the COVID-19 pandemic, the Company is not providing guidance at this time.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...