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HomeMarketAAP Earnings: Advance Auto Components Q3 loss narrows; gross sales down 3%...

AAP Earnings: Advance Auto Components Q3 loss narrows; gross sales down 3% | AlphaStreet

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Advance Auto Components, Inc. (NYSE: AAP) on Thursday reported a narrower internet loss for the third quarter of 2024, when the automotive components retailer’s gross sales declined modestly.

The corporate reported a internet lack of $6.0 million or $0.10 per share for the third quarter, in comparison with a lack of $62.0 million or $1.04 per share within the year-ago quarter.

Internet gross sales decreased 3% year-over-year to $2.15 billion throughout the three months. Comparable retailer gross sales for the third quarter decreased 2.3%

Shane O’Kelly, the corporate’s CEO, stated, “We are charting a clear path forward and introducing a new three-year financial plan, with a focus on executing core retail fundamentals to improve the productivity of all our assets and to create shareholder value.”

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