US Retailers and Manufacturers Report Mixed Quarterly Results
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Raleigh, North Carolina — On Thursday Advance Auto Parts reported first-quarter net income of $24 million, or $0.39 per share, with adjusted earnings of $0.77 and revenue of $2.61 billion, topping analyst estimates; the company issued full-year earnings guidance of $2.40 to $3.10 per share and revenue guidance of $8.49 billion to $8.57 billion.
Charlotte, North Carolina and Hilliard, Ohio — Cato Corporation reported fiscal first-quarter net income of $9.3 million, or $0.47 per share, while Advanced Drainage Systems reported fiscal fourth-quarter profit of $32.9 million, or $0.42 per share, with annual profit of $426.5 million and revenue guidance of $3.35 billion to $3.55 billion this year; Advance Auto Parts’ shares have risen notably year-to-date and over the past 12 months.
More context
Timeline
- 1. On Thursday, Advance Auto Parts reported first-quarter net income of $24 million with adjusted EPS $0.77 and $2.61 billion revenue.
- 2. Advance Auto Parts issued full-year guidance of $2.40–$3.10 per share and revenue guidance of $8.49–$8.57 billion.
- 3. On Thursday, Cato Corporation reported fiscal first-quarter net income of $9.3 million and $0.47 per share.
- 4. On Thursday, Advanced Drainage Systems reported fiscal Q4 earnings of $32.9 million and fiscal year profit of $426.5 million with revenue guidance of $3.35–$3.55 billion.
- 5. Reported market context noted Advance Auto Parts shares up 30% year-to-date and 50% over the past 12 months.
Why it matters
These reports show the health of key sectors in our economy. Advance Auto Parts' strong performance could indicate a rebound in retail and auto sectors. If you own shares in these companies or similar ones, it's good news. If you're job hunting, these sectors might be worth a look.
Sources
JQJO Editorial Desk · Human reviewed · AI assisted. Report a correction.
