logo
Plus   Neg
Share
Email

Advance Auto Parts Trims FY19 Outlook - Quick Facts

While reporting financial results for the second quarter on Tuesday, Advance Auto Parts Inc. (AAP) trimmed its net sales and comparable store sales guidance for the full-year 2019.

For fiscal 2019, the company now projects net sales in a range of $9.65 billion to $9.75 billion and comparable store sales increase in the range of 1.0 to 2.0 percent.

Previously, the company expected net sales in the range of $9.65 billion to $9.80 billion and comparable store sales increase in the range of 1.0 to 2.5 percent.

On average, analysts polled by Thomson Reuters expect the company to report sales of $9.76 billion for fiscal year 2019. Analysts' estimates typically exclude special items.

Last week, the Company's Board of Directors declared a regular quarterly cash dividend of $0.06 per share, payable on October 4, 2019 to all common shareholders of record as of September 20, 2019.

The Company's Board of Directors also authorized a $400.0 million share repurchase program, which replaced the remaining portion of the Company's $600.0 million share repurchase program that was authorized in August 2018.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
The National Labor Relations Board ruled in favor of McDonald's in a long-running case filed by workers who accused the fast-food giant of retaliation after they tried to unionize. The lawsuit, filed by 20 employees against McDonald's and some of its franchise operators in 2015. The lawsuit was seeking a ruling that would consider McDonald's a 'joint employer' with its franchisees. Shares of Facebook fell almost 3 percent in Thursday's trading after the Wall Street Journal reported that the Federal Trade Commission is considering seeking a preliminary injunction against Facebook amid antitrust concerns over the company's integration of its apps. Facebook had earlier said it was planning to integrate its three messaging services. Beverages giant Pepsi announced the launch Pepsi Café, a new coffee-infused cola, which will debut in the United States in April 2020. The new beverage, which aims to satisfy both cola lovers and coffee fanatics across the US, comes in two delicious flavors - Original and Vanilla, with roasted Arabica coffee. It will be available at all major national retailers beginning in April next year.
Follow RTT
>