Friday, August 19, 2016

Advance Auto Parts: Weak Q2, Price Competition Pose Concerns

Image result for advance auto partsPrice 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

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