CarParts.com (PRTS) Misses Q1 EPS by 1c, provides guidance

CarParts.com (NASDAQ: PRTS) reported Q1 EPS of ($0.11), $0.01 worse than the analyst estimate of ($0.10). Revenue for the quarter came in at $166.29 million versus the consensus estimate of $167.33 million.

GUIDANCE:

CarParts.com sees FY2024 revenue of $600-625 million, versus the consensus of $670.4 million. Previous net sales guidance had been in a range of $662 million to $688 million.

The Company expects gross margin in a range of 33%, plus or minus 100 basis points, which will partially offset the lower expected net sales. Previous guidance was 31%, plus or minus 100 basis points.

For earnings history and earnings-related data on CarParts.com (PRTS) click here.

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