Advance Auto Parts Drops 14% Despite Q4 Beat
From Financial Modeling Prep: 2025-02-26 12:09:00
Advance Auto Parts (NYSE:AAP) exceeded Q4 expectations with a $1.18 loss per share, beating the $1.31 forecast. Revenue hit $2 billion, surpassing the $1.93 billion estimate, despite a 14% share drop. 2024 saw $9.1 billion in net sales, down 1.2% from 2023, with a 0.7% decrease in comparable store sales.
In 2025, Advance Auto Parts plans to bounce back, projecting earnings between $1.50 and $2.50 per share on revenue of $8.4 billion to $8.6 billion. This guidance surpasses analysts’ $1.56 expectation, signaling a positive outlook for the company’s future growth and performance.
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