Advance Auto Parts Guides FY Adjusted EPS to $2.60-$3.30
AAP sits 51% above its 52-week low of $37.89.
Summary
Advance Auto Parts issued full-year adjusted EPS guidance of $2.60 to $3.30, with a midpoint of $2.95, below the consensus estimate of $3.10. The company still sees full-year comparable-store sales down 1%-2% and reported second-quarter gross margin of 46.2%, including $26 million in tariff refunds. It cut its full-year store openings plan to 30-35 from 40-45, while raising its market hub openings plan to 15-20 from 10-15. This is the first time the company has provided this specific EPS range, making it a fresh data point for traders. The guidance comes amid ongoing turnaround efforts and follows recent management changes.
At the time of this announcement, AAP was trading at $57.30 on NYSE in the Trade & Services sector, with a market capitalization of approximately $3.4B. The 52-week trading range was $37.89 to $65.21. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.