AAP - Advance Auto Parts beats Q4 top and bottom line estimates; initiates FY23 outlook
- Advance Auto Parts press release ( NYSE: AAP ): Q4 Non-GAAP EPS of $2.88 beats by $0.46 .
- Revenue of $2.47B (+2.9% Y/Y) beats by $50M .
- Adjusted operating income margin increased 146 basis points.
- Comparable store sales for the fourth quarter 2022 increased 2.1%.
- The company's effective tax rate in the fourth quarter of 2022 was 16.2%.
- Full Year 2023 Guidance : Net sales of $11,400M- $11,600M vs $11.33B consensus; Comparable store sales of 1.0%-3.0%; Diluted EPS of $10.20- $11.20 vs $12.65 consensus.
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Advance Auto Parts beats Q4 top and bottom line estimates; initiates FY23 outlook