AAP - Advance Auto Parts Stock Dips Amid Slow Start To 2024 - What's Going On? (UPDATED) | Benzinga
Editor’s Note: The story has been updated to correct the revenue outlook from ‘$11.30 billion to $11.50 billion‘ to $11.30 billion to $11.40 billion‘ in accordance with the correction issued by the company.
Advance Auto Parts Inc. (NYSE:AAP) shares are trading lower in the morning session on Wednesday.
The company reported first-quarter earnings per share of 67 cents, beating the street view of 64 cents.
Net sales totaled $3.406 billion in the first quarter of 2024, a 0.3% decrease from the prior year’s first quarter. Comparable store sales decreased 0.2%. Sales missed the analyst consensus of $3.425 billion.
“While the industry experienced a slower start to 2024 compared with our ...