Comparable Sales Put Advance Auto's Stock in Arrears

Advance Auto Parts' (NYSE: AAP) fiscal third-quarter 2019 earnings report wasn't very dissimilar to recent filings: Year-over-year sales were flattish, and net income advanced in the low double-digits. Yet a minor revision to the auto parts retailer's full-year outlook deflated its stock by 7.5% in Tuesday's trading session. Below, we'll review the quarter's details and unravel why a slight recasting of 2019 guidance caused such a tumble in the "AAP" symbol. Note that all comparative numbers that follow refer to those of the prior-year quarter.

Data source: Advance Auto Parts.

Image source: Getty Images.

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Source Fool.com