Advance Auto Parts Q4 Profit Rises - Quick Facts

(RTTNews) - Advance Auto Parts Inc. (AAP) reported net income of $84.43 million or $1.15 per share for the 13 weeks ended January 3, 2015, compared to $49.27 million or $0.67 per share, in the 12 weeks ended December 28, 2013. Comparable cash earnings per share was $1.37, for the quarter.

On average, 20 analysts polled by Thomson Reuters expected the company to report profit per share of $1.48 for the quarter. Analysts' estimates typically exclude special items.

On a GAAP basis, total sales increased 58.8% to $2.24 billion from $1.41 billion. On a comparable basis, total sales for the fourth quarter increased 48.1% to $2.09 billion, compared to $1.41 billion, prior year. Analysts expected revenue of $2.29 billion for the quarter.

The company's Board has declared a regular quarterly cash dividend of $0.06 per share to be paid on April 3, 2015 to stockholders of record as of March 20, 2015.