| Advance Auto Parts
Earnings Call |
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Advanced Auto Parts First Quarter Earnings Call
21st May 2008 00:00 AM |
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| Profit rose 8% to $82.1 million, boosted by sales at new stores. |
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| 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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Advanced Auto Parts Fourth Quarter Earnings Call
17th February 2008 00:00 AM |
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| Sales growth decreased marginally to $1.05 billion, from $1.02 billion in 2006 due to lower comparable store sales and fewer new stores. |
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| The retailer of automotive aftermarket parts, accessories, batteries, and maintenance items announced a 1.7% drop in earnings to $34.8 million or 35 cents a share due to falling sales. In an effort to ignite top line sales, the firm is repositioning the Advance Auto Parts brand and is launching a new brand campaign in support of this change. The board announced a regular quarterly cash dividend of 6 cents per share. |
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Advance Auto Parts Third Quarter Earnings Call
5th November 2007 00:00 AM |
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| The earnings were $59 million or 57 cents per share as against $58.9 million or 56 cents a share in the prior year quarter. |
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| The leading retailer of the automotive parts reported revenue of $1.16 billion, up from $1.10 billion in prior year. While the same store sales of Do-it-Yourself fell by 1%, the commercial same store sales grew by 8%. In the quarter, the firm recorded a pretax charge of $6.3 million in severance costs related to its position eliminations and asset write-offs associated with shutting down the Advance TV Network. For Q4, the company reaffirmed the same store sales guidance of zero to 2%. |
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Advance Auto Parts Second Quarter Earnings Call
17th August 2007 00:00 AM |
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| Profit increased 8.7% to $68.4 million driven by an increase in sales. |
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| The auto parts retailer reported revenue increase of 5.6% to $1.17 billion, failing to meet the analysts’ expectation of $1.19 billion. As part of a business strategy review, the company reduced staffing at its store support center and in its field organization by a total of 250 positions. Comparable store sales increase was at the lower end of low single digit guidance range. New store openings in 2007 will be reduced to 190 to 200 stores from the previous outlook of 200 to 210 stores. |
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Advance Auto Parts First Quarter Earnings Call
6th June 2007 00:00 AM |
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| Net earnings were $76.1 million or 71 cents per share compared with $74.1 million or 68 cents per share in last year. |
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| The auto parts retailer reported same store sales growth of 1.1%, on 5.2% growth in commercial same store sales partially offset by DIY same store sales of negative 0.2%. For the first quarter, Autoparts International contributed $36 million to total sales. During Q1, the firm opened 70 new stores, 62 Advance Auto Parts stores and eight Autopart International stores. For the second quarter, earnings are expected to be 65 cents to 69 cents per diluted share. |
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