Advance Auto Parts Inc. (NYSE: AAP) posted stronger-than-expected third-quarter earnings and narrowed its full-year guidance, though shares dropped more than 4% in intra-day trading on Thursday.
The auto parts retailer reported earnings of $0.92 per share, exceeding analyst expectations of $0.77. Revenue totaled $2 billion, roughly matching the consensus estimate of $2.02 billion. Comparable store sales increased 3% during the period.
The company tightened its 2025 earnings guidance to a range of $1.75 to $1.85 per share, compared with its prior projection of $1.20 to $2.20, slightly above the analyst forecast of $1.73. Revenue expectations were raised to between $8.55 billion and $8.6 billion, up from $8.4 billion–$8.6 billion previously and roughly in line with the $8.57 billion consensus.
Advance Auto Parts also refined its comparable sales growth forecast to 0.7%–1.3%, compared with its earlier estimate of 0.5%–1.5%.
