U.S. Auto Parts Network (PRTS) Misses Q4 EPS by 2c

U.S. Auto Parts Network (NASDAQ: PRTS) reported Q4 EPS of ($0.01), $0.02 worse than the analyst estimate of $0.01. Revenue for the quarter came in at $71.1 million versus the consensus estimate of $70.97 million.

• Net sales up 5% to $71.1 million
• Gross profit up 7% to $21.4 million, with gross margin up 50 basis points to 30.1%
• Ended the quarter with no revolver debt compared to $11.8 million at January 2, 2016
• Total online orders increased by 14% to 840,000 orders
• Conversion rate increased by 10 basis points to 1.9% versus year-ago quarter

For earnings history and earnings-related data on U.S. Auto Parts Network (PRTS) click here.

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