Advance Auto Parts Shares Plunge as DIY Spending Slows
Advance Auto Parts reported Q2 same-store sales down 0.5% as DIY spending slowed. Adjusted EPS beat estimates; full-year sales guidance held steady.
Advance Auto Parts reported Q2 same-store sales down 0.5% as DIY spending slowed. Adjusted EPS beat estimates; full-year sales guidance held steady.
Genuine Parts lowered its 2026 profit outlook amid weaker consumer demand. CEO Will Stengel denied rumors of a rival acquiring its automotive business.
AutoZone profit beat estimates but sales missed; cool weather slowed demand and shares fell about 10%.
Advance Auto Parts posted its strongest comparable sales growth in five years, with 3.5% growth in Q1. The company beat estimates, expanded margins, and reaffirmed its full-year 2026 guidance.
Advance Auto Parts (AAP) stock rallies as company posts 92 cents EPS, topping Wall Street expectations. CEO calls it "strongest performance in over two years" amid turnaround.