GPC - Genuine Parts Reports Sales Growth But Misses Analyst Consensus Reaffirms Outlook | Benzinga
Genuine Parts Co (NYSE: GPC) reported third-quarter (Q3) FY23 sales growth of 2.6% year-on-year to $5.82 billion, missing the analyst consensus estimate of $5.92 billion.
The company attributed the sales growth to an 0.5% increase in comparable sales and a 1.7% benefit from acquisitions.
Automotive Group sales grew 3.9% Y/Y. This segment's profit margin remained flat at 8.9%.
Sales for the Industrial Parts Group rose 0.6%, and the segment's profit ...