[ad_1]
Advance Auto Elements, Inc. (NYSE: AAP) reported first quarter 2023 earnings outcomes in the present day.
Web gross sales totaled $3.4 billion, up 1.3% year-over-year, pushed primarily by new retailer openings. Comparable retailer gross sales fell 0.4%.
Web earnings was $42.6 million, or $0.72 per share, in comparison with $139.7 million, or $2.26 per share, final 12 months.
Each income and earnings missed expectations.
AAP lowered its steering for the complete 12 months of 2023. Web gross sales at the moment are anticipated to be $11.2-11.3 billion. Comparable retailer gross sales are anticipated to vary from down 1% to flat and EPS is anticipated to be $6.00-6.50.
The corporate declared a money dividend of $0.25 per share, payable on July 28, 2023 to all widespread stockholders of report as of July 14, 2023. This displays a discount of 83% from the earlier dividend of $1.50.
The inventory crashed over 28% in premarket hours on Wednesday.
Prior efficiency
[ad_2]
Source link
