U.S. Auto Parts Reports Second Quarter 2019 Results

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U.S. Auto Parts Network (PRTS) Reports In-Line Q2 EPS

August 8, 2019 5:13 PM EDT

U.S. Auto Parts Network (NASDAQ: PRTS) reported Q2 EPS of ($0.04), in-line with the analyst estimate of ($0.04). Revenue for the quarter came in at $73.7 million versus the consensus estimate of $74.66 million.

Net sales were $73.7 million compared to $77.0 million.Gross profit increased 6% to $21.8 million compared to $20.5 million. As a percentage of net sales, gross profit increased 280 basis points to 29.5% compared to 26.7%.Net loss was $1.5 million or $(0.04) per share, compared to net loss of $0.8 million or $(0.02) per share.Adjusted EBITDA (a non-GAAP measure defined below) was $1.4 million compared to... More