Advance Auto Parts Reports First Quarter 2019 Results
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Advance Auto Parts (AAP) Tops Q1 EPS by 10c, Revenues Beat, Comp. Sales Up. 2.7%; Offers FY19 Revenue Mid-Point Guidance Below Consensus
May 22, 2019 6:35 AM EDTAdvance Auto Parts (NYSE: AAP) reported Q1 EPS of $2.46, $0.10 better than the analyst estimate of $2.36. Revenue for the quarter came in at $2.95 billion versus the consensus estimate of $2.95 billion.
First Quarter Highlights
Net sales increased 2.7% to $3.0B; Comparable store sales (a) increased 2.7%Operating income increased 4.9% to $207.9M; Operating income margin expansion of 15 bps to 7.0%Adjusted operating... More