Advance Auto Parts Third Quarter 2024 Earnings: Misses Expectations

Advance Auto Parts (NYSE:AAP) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$2.15b (down 3.2% from 3Q 2023).
• Net loss: US$25.4m (loss narrowed by 66% from 3Q 2023).
• US$0.42 loss per share (improved from US$1.25 loss in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Advance Auto Parts Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) was also behind analyst expectations.

Looking ahead, revenue is expected to decline by 6.2% p.a. on average during the next 3 years, while revenues in the Specialty Retail industry in the US are expected to grow by 4.6%.

Performance of the American Specialty Retail industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 3 warning signs for Advance Auto Parts (of which 1 is concerning!) you should know about.

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