Advance Auto Parts Q4 Profit Beats Estimates - Quick Facts

(RTTNews) - Advance Auto Parts, Inc. (AAP), the largest automotive aftermarket parts provider in North America, reported fourth-quarter net income of $49.27 million or $0.67 per share. Comparable earnings was $68.75 million or $0.94 per share, for the quarter. Reported net income was $65.06 million or $0.88 per share, last year.

On average, 15 analysts polled by Thomson Reuters expected the company to report profit per share of $0.79 for the quarter. Analysts' estimates typically exclude special items.

Total sales increased 6.0% to $1.41 billion, from $1.33 billion, prior year. The company said the sales increase was driven by the net addition of 151 new stores over the past 12 months, the acquisition of BWP and a comparable same store sales increase of 0.1%. Analysts expected revenue of $1.39 billion for the quarter.

The company expects its fiscal 2014 comparable cash earnings per share in the range of $7.20 - $7.40. Analysts expect the company to report fiscal 2014 profit per share of $7.09.