Target price to Fibonacci resistance $154
Advance Auto Parts (NYSE:AAP) reports comparable-store sales grew 0.1% in Q4.
Adjusted gross margin rate down 19 bps to 44%.
Adjusted SG&A expense rate improved 125 bps to 36.9%.
Adjusted operating margin rate up 106 bps to 7.1%.
Store count -72 Y/Y to 5,037.
Source Seeking Aplha
FY2020 Guidance: Net sales: $988B to $10.1B; Comparable-store sales: Flat to 2%; Adjusted operating margin rate: 8.4% to 8.7%; Tax rate: 24% to 26%; Capex: $275 to $325M; Free cash flow: minimum $600M.
Company profile
Advance Auto Parts, Inc. engages in the supply and distribution of aftermarket automotive products for both professional installers and do-it-yourself customers. It offers replacement parts, performance parts, accessories, oil and fluids, engine parts, brakes, batteries, accessories, and tools and garage. The company was founded by Arthur Taubman in 1929 and is headquartered in Raleigh, NC.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.