Advance Auto Parts’ 2013 Fiscal Year Full of Growth
Feb. 6, 2014—Advance Auto Parts released on Thursday its financial results for the fourth quarter and fiscal year ending on Dec. 28., revealing positive data.
Fourth quarter comparable earnings per diluted share increased 6.8 percent versus the fourth quarter last year, and an 8.6 percent increase from fiscal year 2012.
"Operationally, we were very encouraged with the progress we made in 2013, which resulted in improved fourth quarter sales performance and record operating profits in 2013," said Darren R. Jackson, CEO. "We look forward to 2014 with excitement as we begin the integration of General Parts and build on our performance from 2013.”
Total sales for the fourth quarter increased 6 percent to $1.41 billion, as compared with total sales during the fourth quarter of fiscal year 2012 of $1.33 billion. The sales increase was driven by the net addition of 151 new stores over the past 12 months, the acquisition of BWP Distributors Inc., and a comparable same store sales increase of 0.1 percent. For fiscal 2013, total sales increased 4.7 percent to $6.49 billion, compared with total sales of $6.21 billion during fiscal year 2012. For fiscal year 2013, comparable store sales decreased 1.5 percent.