New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
May 15, 2014
10:36 EDTAAPAdvance Auto Parts says three-year cost synergy target is $160M
Says pleased with start to FY14. Says saw steady customer demand due to the extreme winter weather in Q1. Says experienced some volatility early in the quarter from weather related store closures. Says customers likely benefited from timely tax refunds and stable gas prices vs. a year ago to pay for unexpected repairs. Says will continue to invest in areas that drive sales growth and profit outcomes. In terms of the acquisition of General Parts, the company says that it is still in the early days of multi-year integration process but off to the start that the company expected. Expects to realize $45M-$55M cost synergies this FY. Says growth and profitability is on track. Expects BWP store conversions to be complete by the end of the fiscal year. Says will continue to work towards goal of opening 120-140 new stores this fiscal year. Expects inventory growth to flatten as the company progresses throughout the year. Expects to maintain an effective tax rate of 38% for the balance of the fiscal year. Says on pace to deliver first year cost synergies and sees majority of synergies occurring in 2H14. Comments made during the company's Q1 earnings conference call.
News For AAP From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
May 21, 2015
08:36 EDTAAPAdvance Auto Parts lowers FY15 cash EPS view to $8.10-$8.30, consensus $8.51
Subscribe for More Information
08:34 EDTAAPAdvance Auto Parts reports Q1 cash EPS $2.39, consensus $2.48
Subscribe for More Information
May 20, 2015
15:00 EDTAAPNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's open, with earnings consensus, include Dollar Tree (DLTR), consensus 75c... Best Buy (BBY), consensus 29c... Advance Auto Parts (AAP), consensus $2.48... Patterson Companies (PDCO), consensus 65c... Donaldson Company (DCI), consensus 35c... Booz Allen Hamilton Holding (BAH), consensus 33c... The Buckle (BKE), consensus 78c... Monro Muffler Brake (MNRO), consensus 39c... Brady Corp. (BRC), consensus 37c... Trina Solar (TSL), consensus 9c... Quality Systems (QSII), consensus 15c... Kirkland's (KIRK), consensus 11c... Bon-Ton Stores (BONT), consensus ($1.56).
May 19, 2015
07:56 EDTAAPAdvance Auto Parts June volatility elevated into Q1 and outlook
Advance Auto Parts June call option implied volatility is at 28, September is at 24; compared to its 90-day average of 24, suggesting large near term price movement into the expected release of Q1 results on May 21.
May 15, 2015
17:33 EDTAAPPoint72 Asset Management gives quarterly update on stakes
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use