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Why Advance Auto Parts’ Q2 Revenue Is Expected to Be Flat

John Parker
Why Advance Auto Parts’ Q2 Revenue Is Expected to Be Flat

In the first quarter, Advance Auto Parts’ (AAP) revenue fell 0.6% YoY (year-over-year) to $2.87 billion from $2.89 billion, missing analysts’ estimate of $2.91 billion by a narrow margin. AAP’s same-store sales fell 0.8% in the first quarter, while its comp store sales fell more steeply, by 2.7% in Q1 2017 and 2.8% in Q4 2017. In the second quarter, analysts expect Advance Auto Parts’ revenue to be almost flat at $2.27 billion, suggesting a marginal YoY rise from $2.26 billion.