Advance Auto Parts' stock soared 5.96% in pre-market trading on Friday following the release of the company's fourth-quarter financial results that significantly exceeded analyst expectations.
The automotive parts retailer reported adjusted earnings per share of $0.86 for the quarter, more than double the consensus estimate of $0.42, and representing a substantial swing from a loss of $1.18 per share in the same period last year. Quarterly sales reached $2.0 billion, surpassing the $1.95 billion estimate, while gross margin improved to 44% and comparable sales grew 1.1%.
Additionally, the company provided guidance for fiscal 2026, projecting adjusted EPS in the range of $2.40 to $3.10 and net sales between $8.49 billion and $8.58 billion, indicating continued progress on its strategic plan and operational improvements.