Advance Auto Parts Reports Third Quarter 2020 Results
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Advance Auto Parts (AAP) Tops Q3 EPS by 15c, Revenues Beat
November 10, 2020 6:31 AM ESTAdvance Auto Parts (NYSE: AAP) reported Q3 EPS of $2.81, $0.15 better than the analyst estimate of $2.66. Revenue for the quarter came in at $2.54 billion versus the consensus estimate of $2.48 billion.
Delivered Net Sales of $2.5 billion, Comparable Store Sales Increased by 10.2%Operating Income Margin Increased 265 basis points; Adjusted Operating Income Margin Increased 183 basis pointsDiluted EPS Increased 21.7% to $2.13; Adjusted Diluted EPS Increased 33.8% to $2.81Business Highlights(a)
Q3 2020 Highlights
Net sales increased 9.9% to $2.5 billion; Comparable store sales(b) increased 10.2%Operating income increased 49.0% to $256.8 million; Operating income margin expanded 265 basis points to... More