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Advanced Auto Parts First Quarter Earnings Call
Author: Rozalina Destanova
123jump.com
Last Update: 6:52 AM EDT May 21 2008


Revenue rose 4% to $1.53 billion, from $1.47 billion in the year-ago period. The revenue increase reflected the net addition of 141 new stores and a same-store sales increase of 0.6%. The same-store sales growth included a 10.6% jump in commercial sales, which was partially offset by a 3% drop in do-it-yourself sales. The company repurchased approximately 4.6 million shares at an average price of $34.04 for a total expenditure of $155 million.

 

 

 

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