Price competition and poor performance delivered by Advance Auto Parts in the second quarter of fiscal 2016 remain concerns. However, it will gain from management's relentless focus on store expansion.
The company reported a 16.3% decrease in adjusted earnings in the
second quarter of fiscal 2016.
Revenues dropped 4.8% year over year to
$2.26 billion. The year-over-year decline in the top line was due to a fall in
comparable store sales, store closures in 2015 and the effect of
Carquest consolidations.. . . more