Advance Auto Parts Inc. (NYSE:AAP) on Thursday posted stronger-than-expected quarterly results.
The company reported first-quarter adjusted earnings per share of 77 cents, beating the analyst consensus estimate of 45 cents. Quarterly sales of $2.614 billion outpaced the Street view of $2.579 billion.
Advance Auto Parts affirmed fiscal 2026 adjusted EPS guidance of $2.40 to $3.10, compared with the analyst estimate of $2.76. The company also maintained its fiscal 2026 sales outlook of $8.485 billion to $8.575 billion versus the Street estimate of $8.556 billion.
“2026 is off to a solid start and we remain on track to execute our strategic priorities for the year,” said Shane O’Kelly, president and chief executive officer. “During the quarter, comparable sales grew by 3.5% including mid-single-digit growth in Pro and low-single-digit growth in DIY. These results were driven by a sequential improvement in transactions reflecting the unwavering focus of our team to deliver strong customer service. I thank the Advance team for their hard work in the quarter and their commitment to strong operational execution, which is driving stronger asset productivity and margin expansion.”
Advance Auto Parts shares fell 1% to trade at $58.04 on Friday.
