Advanced Auto Parts Inc.'s stock was down 3% in premarket trading after the auto parts retailer issued a soft outlook for first-quarter same-store sales.
Advanced Auto Parts said it expects first-quarter same store sales to fall 2%, below the FactSet consensus estimate of a dip of 0.7%.
It's expecting first-quarter revenue of $2.5 billion, below the analyst estimate of $2.62 billion.
For full-year 2025, it's targeting adjusted earnings of $1.50 a share to $2.50 a share, while analysts current expected adjusted earnings of $1.55 a share.
Ahead of Wednesday's moves, Advanced Auto Parts stock was down 3% in 2025, while the S&P 500 has gained 1.3%.
(This is a developing news story with updates coming.)
-Steve Gelsi
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(END) Dow Jones Newswires
February 26, 2025 06:59 ET (11:59 GMT)
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