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Fourth-quarter net sales increased 3.2% to $2.5 billion, while comparable-store sales were up 2.1%.
Advance Auto Parts reported net sales of $11.2 billion for 2022, up 1.4% from 2021, while comparable-store sales were flat.
Fourth-quarter net sales increased 3.2% to $2.5 billion, while comparable-store sales were up 2.1%.
“In 2022, our team members once again worked to serve our customers with relentless focus and dedication,” said Tom Greco, president and chief executive officer. “Despite challenges throughout 2022, we made progress on our strategic initiatives, including the expansion of our footprint, further strengthening of our DieHard brand and improved customer loyalty. However, we are not satisfied with our results in 2022 and are taking decisive actions to improve performance in 2023. Importantly, the disciplined inventory and pricing actions we discussed last quarter to adapt to an evolving competitive landscape contributed to stronger results in Q4 and we ended the year with positive momentum.
Advance and IndyCar also will team up on a unique content series viewable on the NTT IndyCar Series social media platforms.
Full-year net sales for the Global Automotive Parts group were $13.7 billion, up from $12.5 billion in 2021.
The growth includes a new facility in Brampton to support the Ford F-150 Lightning and future OEM programs.
The deadline to apply is Wednesday, March 16.
Comparable-store sales were up 6.4% for the full year.
Aftermarket trade groups applauded the legislation.
Shoppers can now look for the green “Fits” compatibility checkmark on select parts and accessories listings.
Market Street Auto Parts has been serving North Lebanon County in Pennsylvania for more than 16 years.
