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Tuesday, May 22, 2018

=Advance Auto (AAP) reported earnings on Tue 22 May 18 (b/o)

Advance Auto beats by $0.14, misses on revs' Q1 comps -0.8% 
  • Reports Q1 (Mar) earnings of $2.10 per share, excluding non-recurring items, $0.14 better thanthe Capital IQ Consensus of $1.96; revenues fell 0.6% year/year to $2.87 bln vs the $2.91 bln Capital IQ Consensus.
  • Comparable store sales for the first quarter decreased 0.8%. The Company's Gross Profit margin increased 32 basis points in the first quarter to 44.3% from 44.0% in the first quarter of the prior year. The increase was primarily driven by a reduction in material costs and related items.

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