While presenting its fourth-quarter financial results, Advance Auto Parts Inc., a provider of automotive aftermarket parts, initiated its profit, net sales and same-store sales growth forecasts for the full fiscal year of 2024.
The company currently anticipates earnings between $3.75 and $4.25 per share on net sales ranging from $11.30 billion to $11.40 billion for fiscal 2024. The same-store sales growth is projected in the range of 0 to 1 percent.
Analysts calculated by Thomson Reuters project the company's earnings to be $3.57 per share with sales expected to reach $11.46 billion for the year. Please note that the analysts' estimates usually dismiss special items.
