Advance Auto Parts Inc. (NYSE:AAP) on Thursday reported mixed second-quarter results.
Adjusted EPS of $1.03 beat the consensus of 81 cents. Meanwhile, sales of $2.00 billion fell short of the $2.039 billion estimate.
The company raised its fiscal year 2026 adjusted EPS guidance to $2.60-$3.30 from $2.40-$3.10, compared with the $2.92 estimate, while maintaining its sales outlook of $8.485 billion-$8.575 billion versus the $8.581 billion estimate.
Advance Auto reaffirmed its full-year outlook for comparable sales growth of 1%-2% while continuing to focus on merchandising, supply chain and store operations.
“During the second quarter, the Advance team maintained focus on executing our strategic initiatives to achieve solid profitability, while navigating a volatile demand environment and I thank the team for their hard work and commitment to serving our customers,” said Shane O’Kelly, president and chief executive officer.
