Free cash flow (FCF) for the second quarter came in at $387.6 million compared with the year-ago quarter’s FCF of $380.2 million. Total long-term debt was $1,033.7 million as of Jul 17, 2021, slightly up from the $1,033 million as of Jan 2, 2021.įor the reported quarter, operating cash flow was $446.3 million compared with the year-ago quarter’s of $437.3 million. Financial PositionĪdvance Auto Parts had cash and cash equivalents of $809.3 million as of compared with $834.9 million as of Jan 2, 2021. Adjusted selling, general and administrative expenses totaled $926.4 million compared with the $817.7 million witnessed in the year-ago period. Moreover, the revenue figure increased 5.9% from the year-ago reported figure.Īdjusted operating income went up 7% year over year to $302 million. For the second quarter, comparable store sales witnessed 5.8% growth as against the consensus mark of a fall of 1.1%.Īdvance Auto Parts generated net revenues of $2,649.4 million, marginally topping the Zacks Consensus Estimate of $2,614 million.
The reported figure also beat Zacks Consensus Estimate of $2.95 on higher-than-expected comps growth. Advance Auto Parts’ Q2 Earnings TopĪdvance Auto Parts reported adjusted earnings of $3.4 per share for second-quarter 2021 (ended Jul 17, 2021), jumping 15.3% from the prior-year figure. Will the recent negative trend continue leading up to its next earnings release, or is Advance Auto Parts due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. Shares have lost about 0.5% in that time frame, outperforming the S&P 500.