By Connor Hart
Advance Auto Parts raised its full-year outlook toward the higher end of its prior range after narrowing its third-quarter loss.
The aftermarket car-parts retailer on Thursday said it now expects adjusted earnings from continuing operations of $1.75 to $1.85 a share, compared with a prior forecast of $1.20 to $2.20 a share.
The company lifted the low end of its full-year sales guidance to $8.55 billion from $8.4 billion, while maintaining the high end at $8.6 billion. Comparable sales, or those from stores and digital channels in operation for at least 12 months, are now projected to rise 0.7% to 1.3%, versus a previous estimate of 0.5% to 1.5%.
Analysts polled by FactSet were looking for adjusted earnings of $1.65 a share, sales of $8.58 billion and same-store sales to increase 0.8%.
Shares rose 5.2% to $58 in premarket trading.
The revised outlook came as Advance Auto posted a net loss of $1 million, or 2 cents a share, for its quarter ended Oct. 4, compared with a loss of $6 million, or 10 cents a share, in last year's comparable period.
Stripping out certain one-time items, the company notched earnings of 92 cents. Analysts had expected adjusted earnings of 75 cents a share.
Sales slipped 5.2% to $2.04 billion. Wall Street had modeled $2.02 billion.
Comparable sales rose 3%. Analysts were looking for a 2.2% increase.
Chief Executive Shane O'Kelly attributed the same-store sales increase to continued growth in the company's Pro channel. Its DIY channel also delivered positive comparable sales growth in the quarter, he added.
Write to Connor Hart at connor.hart@wsj.com
(END) Dow Jones Newswires
October 30, 2025 06:53 ET (10:53 GMT)
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