Advance Auto Parts, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended July 14, 2022
August 24, 2022 at 02:01 am IST
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Advance Auto Parts, Inc. reported earnings results for the second quarter and six months ended July 14, 2022. For the second quarter, the company reported sales was USD 2,665.43 million compared to USD 2,649.42 million a year ago. Net income was USD 144.4 million compared to USD 178.7 million a year ago. Basic earnings per share from continuing operations was USD 2.39 compared to USD 2.76 a year ago. Diluted earnings per share from continuing operations was USD 2.38 compared to USD 2.74 a year ago.
For the six months, sales was USD 6,039.64 million compared to USD 5,979.79 million a year ago. Net income was USD 284.19 million compared to USD 364.63 million a year ago. Basic earnings per share from continuing operations was USD 4.67 compared to USD 5.59 a year ago. Diluted earnings per share from continuing operations was USD 4.63 compared to USD 5.55 a year ago.
Advance Auto Parts, Inc. is an automotive aftermarket parts provider in North America, serving both professional installers (professional) and do-it-yourself (DIY) customers, as well as independently owned operators. Its stores and branches offer a range selection of brand names, original equipment manufacturer (OEM) and owned brand automotive replacement parts, accessories, batteries and maintenance items for domestic and imported cars, vans, sport utility vehicles and light and heavy-duty trucks. Its stores operate primarily under the trade names Advance Auto Parts and Carquest and its branches operate under the Worldpac trade names. It operates approximately 4,785 stores and 320 Worldpac branches primarily within the United States, with additional locations in Canada, Puerto Rico and the U.S. Virgin Islands. The Company also serves approximately 1,307 independently owned Carquest branded stores across these locations in addition to Mexico and various Caribbean islands.