Advance Auto Parts Inc. reported its first quarter 2025 results, with net sales reaching $2.6 billion, a decrease from the $2.8 billion recorded in the same period of the previous year. Despite the decline in sales, the company's performance exceeded expectations, leading to a significant rise in its stock price. The adjusted EPS for the quarter was reported at -$0.22. The company reaffirmed its full-year 2025 guidance, projecting revenue between $8.4 billion and $8.6 billion, with a midpoint of $8.5 billion, compared to the consensus estimate of $8.47 billion. Earnings per share (EPS) are expected to be between $1.50 and $2.50, with a midpoint of $2.00, surpassing the consensus of $1.42. The company's comparable sales growth was reported at 0.6%. Advance Auto Parts' stock soared following the earnings release, with pre-market gains reported as high as 41%. The company's Pro business showed positive momentum, achieving low single-digit growth and eight consecutive weeks of positive comparable sales growth. A new management team is in place, aiming to support 4,000 stores through 12 large distribution centers on a single warehouse management system.
Advanced Autoparts double beat + reaffirms guidance CEO: "...delivered better than expected sales & profitability in the first quarter...We are reaffirming our annual guidance based on performance to date.." $AAP: +41% Pre-Market https://t.co/QGScEf34kf
Key Takeaways from $AAP's Earnings Call - The company delivered better-than-expected first quarter results despite a challenging start to the year. - Pro business showed positive momentum with low single-digit growth and 8 consecutive weeks of positive comparable sales growth https://t.co/rTcsBJ0HRC
My favorite quote from $AAP today: "ultimately building foundation to support 4,000 stores through 12 large DCs on a single warehouse mgmt system vs. previous model of 38 DCs of varying sizes with disparate systems". WTF did this company do for the last decade? New mgmt team