Advance Auto Parts Reports Second-Quarter Fiscal 2012 Results

Advance Auto Parts Reports Second-Quarter Fiscal 2012 Results

ROANOKE, Va. – Advance Auto Parts announced financial results for the second quarter ended July14. Second-quarter earnings per diluted share (EPS) were $1.34, an 8.2 percent decrease versus the second quarter last year. Year-to-date, EPS was $3.14, which was an increase of 12.5 percent over the same period last year.

“As we anticipated, our second quarter faced weak consumer demand in both DIY and commercial, which resulted in our performance coming in at the low end of our outlook. The most significant slowdown was within our cold-weather markets, principally in the northeast and Great Lakes regions of the U.S.,” said President and CEO Darren Jackson.

“We remain encouraged by our positive comp store sales growth during the last period of our quarter, as well as the long-term fundamentals of our industry. As we look to the balance of the year, we continue to focus on growing commercial and competing more effectively through investments in areas such as hub and inventory upgrades, our commercial sales force and the launch of the new Advance Commercial Credit program.”


Total sales for the second quarter decreased 1.3 percent to $1.46 billion, compared with total sales of $1.48 billion during the second quarter of fiscal 2011. Advance said the sales decrease reflected a comparable store sales decrease of 2.7 percent versus a comparable store sales increase of 2.5 percent during the second quarter of fiscal 2011, partially offset by the net addition of 65 new stores.

You May Also Like

Meet the January ‘Guess the Car’ Champion: Jake Myers

The correct answer for the January contest was the Toyota C-HR.

Every month, Counterman’s “Guess the Car” contest challenges our readers to solve an automotive riddle, for a chance to win $100. And each month, we receive hundreds of responses from aftermarket professionals trying to guess the model of the vehicle depicted.

The correct answer for the January contest was the Toyota C-HR. (The illustration showed a man approaching a door with the letters “HR” on it.)

AACF Applications Increase 90 Percent in Wake of Wildfires

The Camp Fire destroyed 14,000 residences, displaced thousands and left more than 80 dead and hundreds missing.

wildfire, Camp Fire
Purolator Launches Summer Mail-in Rebate Promotion for Air Filters

The promotion will run through Aug. 31 for all Purolator air and cabin air filters.

Epicor To Demonstrate Augmented Reality eCatalog At AAPEX In Las Vegas

This “Catalog of the Future” enables users to perform inspections, visualize parts and labor information and order replacement components from the service bay, the company says.

Continental Expands Popular Asian, European And Domestic Coverage For VDO Brushless HVAC Motors

The company has added more than 30 new SKUs to its VDO Brushless HVAC Motors line, expanding the company’s coverage to include Audi, Cadillac, Chevrolet, Dodge, Ford, Infiniti, Lexus, and Toyota automobiles and light trucks for model years 2011-’17.

Other Posts

OttoFran And Vast-Auto Family Hold 2017 Annual Convention

The Vast-Auto and OttoFran marketing and sales team held various workshops during which the latest market information, the new banners programs, marketing campaigns and the action plan for 2017-2018 were presented.

Streamlight Introduces Rechargeable KeyMate USB Flashlight

With an off/off button for constant operation, the KeyMate USB has three modes: high (35 lumens); low (16); and strobe (flashes at high lumen level). Featuring LED technology for extreme brightness, the light provides a run time of one hour on high and two hours in both the low and strobe modes.

All-New Ford Expedition Redefines Full-Size SUVs with Adaptable Interior, Smart Technology for Every Occupant

DALLAS–(BUSINESS WIRE)–For today’s active families, Ford introduces the all-new Expedition – the smartest, most capable and most adaptable Expedition ever – with technology to keep every passenger connected, more power for drivers, and more expected towing capability than any other full-size SUV. Related Articles – Coil Conversion Kit For 2001-’05 Audi A6 And Audi allroad

Coil Conversion Kit For 2001-’05 Audi A6 And Audi allroad Quattro

For ride quality, the kit includes new custom-valved, application-specific shock absorbers. The Audi front coil spring assemblies include new upper mounts, Arnott says.