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Oct 03, 2020
Advance Auto Parts Q3 2020 Earnings Report
Delivered net sales of $2.5 billion and a comparable store sales increase of 10.2%.
Key Takeaways
Advance Auto Parts reported a strong Q3 2020 with net sales increasing by 9.9% to $2.5 billion and comparable store sales up by 10.2%. The company saw improvements in operating income margin and adjusted diluted EPS.
Net sales increased 9.9% to $2.5 billion; Comparable store sales increased 10.2%.
Operating income increased 49.0% to $256.8 million; Operating income margin expanded 265 basis points to 10.1%.
Adjusted operating income increased 32.6% to $271.9 million; Adjusted operating income margin expanded 183 basis points to 10.7%.
Diluted EPS increased 21.7% to $2.13; Adjusted Diluted EPS increased 33.8% to $2.81.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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