Advance Auto Parts (AAP) Tops Q4 EPS by 13c, Offers Guidance
Advance Auto Parts (NYSE: AAP) reported Q4 EPS of $0.77, $0.13 better than the analyst estimate of $0.64. Revenue for the quarter came in at $2.04 billion versus the consensus estimate of $2.01 billion.
Comps declined 2.6%.
GUIDANCE:
Advance Auto Parts sees FY2018 revenue of $9.1-9.4 billion, versus the consensus of $9.54 billion.
The Company provided the following guidance ranges related to their full year 2018 outlook:
| Full Year 2018 | ||||||
| ($ in millions) | Low | High | ||||
| Total Net Sales | $ 9,100 | $ 9,400 | ||||
| Comparable Store Sales (1) | (2.0%) | 0.0% | ||||
| Adjusted Operating Income Margin (2) | 7.3% | 7.8% | ||||
| Income Tax Rate | 24% | 26% | ||||
| Integration & Transformation Expenses (2) | $ 140 | $ 180 | ||||
| Capital Expenditures | $ 200 | $ 250 | ||||
| Free Cash Flow | Minimum $ 400 | |||||
| | ||||||
For earnings history and earnings-related data on Advance Auto Parts (AAP) click here.