NYSE$AAP

Advance Auto Parts Inc · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

Delivered net sales growth and comparable store sales increase, with operating income margin expansion and diluted EPS increase.

Advance Auto Parts reported a strong second quarter with net sales of $2.5 billion, a 7.3% increase year-over-year, and comparable store sales increased by 7.5%. The company's operating income margin increased by 319 basis points, and diluted EPS increased by 58.4% to $2.74.

  • Net sales increased 7.3% to $2.5 billion; Comparable store sales increased 7.5%.
  • Operating income increased 53.9% to $262.8 million; Operating income margin expanded 319 basis points to 10.5%.
  • Adjusted operating income increased 42.2% to $279.3 million; Adjusted operating income margin expanded 274 basis points to 11.2%.
  • Diluted EPS increased 58.4% to $2.74; Adjusted Diluted EPS increased 46.0% to $2.92.

Headline financials

Total Revenue

$2.5B

Previous: $2.33B+7.3%
EPS (adj)

$2.92

Previous: $2.00+46.0%
Comparable Store Sales

7.5%

No prior period
Capital Expenditures

-$140M

Previous: -$111M-25.7%
Free Cash Flow

$49.9M

Previous: $13.4M+272.2%
Net Income

$190M

Previous: $125M+52.2%
Operating Income

$263M

Previous: $171M+53.9%
Gross Profit

$1.1B

Previous: $1.01B+8.6%
Cash & Equivalents

$1.14B

Previous: $748M+52.7%
Total Assets

$11.9B

Previous: $11.3B+5.9%
Stock-Based Comp

$10M

Previous: $8.44M+18.8%

Revenue & EPS history

Advance Auto Parts · Revenue · Quarterly

$2.5B

Q2 2020+7.3%vs Q2 2019
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Forward guidance

The Company withdrew guidance on April 9, 2020, given uncertainties related to the full impact of the COVID-19 pandemic. At this time, the Company is not providing guidance, however, remains committed to maintaining liquidity to meet the needs of the business and return cash to shareholders.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q2 2020

Historical avgQ2 2020

-0.5%

Avg return

Earnings day

-1.9%

Avg return

5 days after

-0.9%

Avg return

30 days after

45%

29 / 65 earnings

Positive

+57.0%

Q1 2025

Best reaction

-39.4%

Q1 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2027+13.3%+7.5%+17.3%
Q4 2025+1.1%-3.9%-11.1%
Q3 2025-8.4%-12.8%-5.9%
Q2 2025-7.5%-8.9%-1.2%
Q1 2025+57.0%+58.4%+57.8%
Q4 2024-17.8%-22.8%-15.1%
Q3 2024-7.9%-6.0%+7.1%
Q2 2024-20.6%-22.7%-33.8%
Q1 2024-4.6%-3.9%-9.8%
Q4 2023+4.3%+7.6%+31.4%
Q3 2023-8.5%-9.2%+7.4%
Q2 2023+0.8%-2.5%-14.5%
Q1 2023-39.4%-41.5%-37.3%
Q4 2022-1.3%-1.5%-15.7%
Q3 2022-15.0%-19.7%-22.1%
Q2 2022-9.4%-12.5%-17.3%
Q1 2022-0.9%+6.1%-4.0%
Q4 2021-0.2%-1.9%-6.9%
Q3 2021-1.4%-3.8%+0.0%
Q2 2021+2.2%-1.9%+3.0%
Q1 2021-1.8%-0.8%+8.4%
Q4 2020+5.9%+8.6%+20.2%
Q3 2020-0.1%-1.7%+1.0%
Q2 2020-0.1%-3.0%-3.9%
Q1 2020+3.5%+1.8%+12.7%
Q4 2019+4.9%+5.3%-35.6%
Q3 2019-6.1%-3.6%-7.5%
Q2 2019-4.0%-3.9%+9.2%
Q1 2019-0.9%-2.0%-5.0%
Q4 2018-2.3%-5.0%-0.5%
Q3 2018+6.4%+7.3%-0.5%
Q2 2018+9.1%+10.3%+15.1%
Q1 2018+3.4%+4.8%+17.1%
Q4 2017+4.9%+9.0%+5.2%
Q3 2017+11.3%+8.5%+21.8%
Q2 2017-16.3%-14.7%-8.5%
Q1 2017-6.2%-4.6%-14.9%
Q4 2016-1.2%-2.6%-6.7%
Q3 2016+13.3%+12.1%+18.3%
Q2 2016-5.8%-5.8%-11.2%
Q1 2016+1.8%
Q4 2015+1.6%
Q3 2015-17.0%
Q2 2015+8.7%
Q1 2015+6.9%
Q4 2014-7.5%
Q3 2014-5.0%
Q2 2014+6.9%
Q1 2014-1.2%
Q4 2013+12.9%
Q3 2013-0.1%
Q2 2013+1.1%
Q1 2013-2.8%
Q4 2012+8.2%
Q3 2012-1.7%
Q2 2012-2.8%
Q1 2012+1.3%
Q4 2009+1.4%
Q3 2011-1.3%
Q2 2011-0.6%
Q1 2011-1.0%
Q3 2010+0.3%
Q2 2010+0.8%
Q1 2010+2.2%
Q4 2010+2.2%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro