Advance Auto Parts (NYSE:AAP) shares dipped about 1% in pre-market trading after the company reported a softer-than-expected full-year profit forecast, which offset its stronger second-quarter results.
The automotive aftermarket retailer posted earnings per share of $0.69 for Q2, surpassing the analyst estimate of $0.53. Revenue totaled $2 billion, down from $2.2 billion in the same period last year, but above the $1.97 billion expected by analysts. Comparable store sales increased 0.1% during the quarter.
“The Advance team delivered solid second-quarter results, with both sales and operating margin at the upper end of our expectations,” said Shane O’Kelly, president and CEO. “Our comparable sales performance was fueled by growth in the Pro business, and we are encouraged by the early signs of stabilization in our DIY business.”
Looking ahead, Advance Auto Parts forecast full-year 2025 earnings between $1.20 and $2.20 per share, with the midpoint below the analyst consensus of $1.85. Revenue is expected to range from $8.52 billion to $8.6 billion, roughly in line with the consensus estimate of $8.52 billion. Comparable store sales are projected to grow between 0.5% and 1.5% for the year.
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