Advance Auto Parts Inc. said its profit and sales rose for the third quarter, driven by its do-it-yourself omnichannel business during the Covid-19 pandemic.
The automotive-parts retailer Tuesday posted net income of $147.5 million, or $2.13 a share, compared with $123.7 million, or $1.75 a share, in the year-earlier period.
Adjusted earnings were $2.81 a share, compared with the $2.70 a share analysts polled by FactSet had expected.
Sales rose 9.9% to $2.54 billion. Analysts had been looking for $2.48 billion.
Same-store sales rose 10.2%, which the company said is its strongest in 15 years. Analysts had been anticipating a 7.2% growth.
The company withdrew its financial outlook in April due to the uncertainty surrounding the pandemic.
Write to Dave Sebastian at dave.sebastian@wsj.com
"auto" - Google News
November 10, 2020 at 06:50PM
https://ift.tt/2UeMzio
Advance Auto Parts tops profit and sales estimates - MarketWatch
"auto" - Google News
https://ift.tt/2Xb9Q5a
https://ift.tt/2SvsFPt
Bagikan Berita Ini
0 Response to "Advance Auto Parts tops profit and sales estimates - MarketWatch"
Post a Comment