Advance Auto Parts’ (AAP) third-quarter net income grew 18.3% as sales rose, according to Dow Jones.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more


The auto parts retailer reportedly raised its 2005 earnings guidance while backing its fourth-quarter earnings outlook.


Dow Jones said the company said earned US$60.8m, or 55 cents a share, in the quarter ended 8 October, up from $51.4m, or 45 cents a share, a year ago.


The latest per-share earnings reportedly matches Thomson First Call’s mean analyst estimate, as well as the high end of Advance Auto’s own 10 August guidance.


On a basic per-share basis, Advance Auto earned 56 cents in the quarter, up from 46 cents a year ago.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Third-quarter sales rose 14.6% to $1.02 billion from $890.2m, beating First Call’s mean analyst estimate of $1.01 billion, Dow Jones said.


Advance Auto Parts reportedly said same-store sales, which adjust for store openings, rose 10% in the quarter. At the do-it-for-me segment, same-store sales rose 26.5% in the quarter.


Dow Jopnes added that, in the year to date, the company has closed six stores and added 183, including 121 in the third quarter. Of the quarter’s new stores, 80 were bought.


For the fourth quarter, Advance Auto Parts backed its prior per-share earnings forecast of 33 cents to 36 cents, compared with First Call’s mean analyst estimate of 36 cents, the report added.