ADVANCE AUTO PARTS Reports Total Revenue Increase of 1.3% for Quarter Ending April 30, 2023
June 12, 2023
☀️Earnings Overview
For the second quarter of Fiscal Year 2023, which ended April 30, 2023, ADVANCE AUTO PARTS ($NYSE:AAP) reported total revenue of USD 3417.6 million, a 1.3% year-over-year increase. However, net income for the same period experienced a 69.5% year-over-year decrease to USD 42.6 million.
Analysis
GoodWhale has conducted an analysis of ADVANCE AUTO PARTS’s wellbeing and found that, according to Risk Rating, ADVANCE AUTO PARTS is a low risk investment in terms of financial and business aspects. However, GoodWhale has detected 1 risk warnings in balance sheet which could mean potential problems. To get more information about this, register with GoodWhale and check out the detailed report. GoodWhale promises to deliver accurate, up-to-date results so you can make well-informed decisions regarding your investments. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for AAP. More…
| Total Revenues | Net Income | Net Margin |
| 11.2k | 404.73 | 3.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for AAP. More…
| Operations | Investing | Financing |
| 398.3 | -400.09 | 78.69 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for AAP. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 12.18k | 9.55k | 45.06 |
Key Ratios Snapshot
Some of the financial key ratios for AAP are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 5.2% | -2.1% | 5.3% |
| FCF Margin | ROE | ROA |
| -0.0% | 13.8% | 3.0% |
Peers
Advance Auto Parts Inc is an American automotive aftermarket parts retailer. Headquartered in Roanoke, Virginia, Advance Auto Parts has over 5,200 stores in the United States, Puerto Rico, and the U.S. Virgin Islands. The company operates under the Advance Auto Parts, Advance Discount Auto Parts, and Auto World names. Genuine Parts Co is an American service organization engaged in the distribution of automotive and industrial replacement parts and products, operating under the NAPA Auto Parts, NAPA Home & Business Solutions, and Worldpac brands. CarParts.com Inc is an American online retailer of aftermarket car parts and accessories, headquartered in Carson, California. O’Reilly Automotive Inc is an American retailer specializing in the sale of automotive aftermarket parts, tools, supplies, equipment, and accessories in the United States.
– Genuine Parts Co ($NYSE:GPC)
Genuine Parts Co is a distributor of automotive and industrial replacement parts in the U.S., Canada, Mexico, Australasia, and Africa. It operates through the following segments: Automotive, Industrial, Electrical, and Office Products Group. The Automotive segment offers original equipment and aftermarket products for light and heavy duty vehicles. The Industrial segment supplies replacement parts for various industries, including material handling, transportation, construction, food and beverage, and others. The Electrical segment provides replacement parts for the electrical distribution industry. The Office Products Group segment comprises of office products and office furniture. Genuine Parts was founded by Erskine Henderson on May 13, 1928 and is headquartered in Atlanta, GA.
– CarParts.com Inc ($NASDAQ:PRTS)
CarParts.com Inc has a market cap of 301.17M as of 2022, a Return on Equity of 1.06%. The company is an online retailer of automotive parts and accessories. CarParts.com offers a wide range of parts for all makes and models of vehicles.
– O’Reilly Automotive Inc ($NASDAQ:ORLY)
O’Reilly Automotive Inc is a specialty retailer of automotive aftermarket parts, tools, supplies, equipment and accessories in the United States. As of 2022, it had a market cap of 51.63B and a ROE of -159.26%. The company operates through four segments: Retail Stores, Wholesale Parts, Professional Customer and eCommerce. It offers products under the following brands: O’Reilly Auto Parts, AutoZone, Advance Auto Parts, NAPA Auto Parts and Carquest Auto Parts.
Summary
ADVANCE AUTO PARTS reported total revenue of USD 3417.6 million, a 1.3% increase year-over-year, for their second quarter of Fiscal Year 2023.
However, net income for the same period decreased by 69.5% year-over-year to USD 42.6 million. This earnings result caused the company’s stock price to drop the same day. Investors need to take this into consideration when evaluating ADVANCE AUTO PARTS as an investment. The company’s current financial performance and outlook should be closely monitored to determine whether it is a good fit for a portfolio.
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