Advance Auto Parts (AAP) Misses Q2 EPS by 9c, Revenues In-Line, Offers FY17 Outlook

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August 15, 2017 6:32 AM EDT

(Updated - August 15, 2017 6:35 AM EDT)

Advance Auto Parts (NYSE: AAP) reported Q2 EPS of $1.58, $0.09 worse than the analyst estimate of $1.67. Revenue for the quarter came in at $2.26 billion versus the consensus estimate of $2.26 billion.

  • Comparable store sales flat.

2017 Annual Outlook

The Company provided the following update to its full fiscal year 2017 guidance:

New Stores 60-65 new stores
Comparable Store Sales -3% to -1%
Adjusted Operating Income Rate 200 to 300 basis points year over year reduction
Income Tax Rate 37.5% to 38.0%
Integration & Transformation Expenses Approximately $100 to $150 million
Capital Expenditures Approximately $250 million
Free Cash Flow Minimum $300 million
Diluted Share Count Approximately 74 million shares

For earnings history and earnings-related data on Advance Auto Parts (AAP) click here.


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