USA: Advance Auto Parts YTD net profit up 69.7%
Advance Auto Parts earnings per diluted share for the third quarter ended October 5, 2002 rose 45.3% to $US0.77 after integration expenses and an extraordinary item. Year-to-date earnings per diluted share, after integration expense and the extraordinary item, rose 35.3% to $1.57. The company incurred pre-tax integration expenses related to the Discount Auto Parts acquisition of $8.2 million during the third quarter and $26.4 million during the first three fiscal quarters. The company anticipates its total integration expenses to be approximately $3 million lower than originally announced at approximately $37 million for 2002.
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