Loading...
•
Jul 11, 2020
Advance Auto Parts Q2 2020 Earnings Report
Delivered net sales growth and comparable store sales increase, with operating income margin expansion and diluted EPS increase.
Key Takeaways
Advance Auto Parts reported a strong second quarter with net sales of $2.5 billion, a 7.3% increase year-over-year, and comparable store sales increased by 7.5%. The company's operating income margin increased by 319 basis points, and diluted EPS increased by 58.4% to $2.74.
Net sales increased 7.3% to $2.5 billion; Comparable store sales increased 7.5%.
Operating income increased 53.9% to $262.8 million; Operating income margin expanded 319 basis points to 10.5%.
Adjusted operating income increased 42.2% to $279.3 million; Adjusted operating income margin expanded 274 basis points to 11.2%.
Diluted EPS increased 58.4% to $2.74; Adjusted Diluted EPS increased 46.0% to $2.92.
Forward Guidance
The Company withdrew guidance on April 9, 2020, given uncertainties related to the full impact of the COVID-19 pandemic. At this time, the Company is not providing guidance, however, remains committed to maintaining liquidity to meet the needs of the business and return cash to shareholders.
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...