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Advance Auto Parts, Inc. (NYSE: AAP ) has reported financial results for the fourth quarter of fiscal 2022. Adjusted earnings rose 39% year over year as net sales rose slightly.
Net income, excluding one-time items, rose to $2.88 per share in the three-month period from $2.07 per share last year. Fourth quarter unadjusted net income rose to $106.7 million or $1.79 per share from $81.7 million or $1.30 per share in the same period in 2021.
At $2.47 billion, fourth-quarter revenue was up 3% from the corresponding period a year earlier. Same-store sales rose 2.1%, reversing a downward trend.
Check out this space to read management/analyst commentary in the quarterly reports
“In 2022, our team members are working again to serve our customers with unwavering focus and dedication. Despite the challenges throughout 2022, we are making progress on our strategic initiatives, including the expansion of our footprint, strengthening the DieHard brand, and customer loyalty that continues to grow.” better,” said Tom Greco, president, and chief executive officer, “said Tom Greco, chief executive officer of Advance Auto Parts.
Previous Performance
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