Parts Aktie
WKN DE: A3CQ4X / ISIN: FR0014003MK2
26.02.2025 20:52:25
|
Why Advance Auto Parts Stock Got Creamed Today
Shares of car parts retail chain Advance Auto Parts (NYSE: AAP) got creamed on Wednesday after the company reported financial results for the fourth quarter of 2024 and issued guidance for 2025. Needless to say, it's not what investors were hoping for. And it's why Advance stock is down a crushing 16% as of 2 p.m. ET.Advance is in the early stages of a multiyear business turnaround. It's selling noncore assets, closing underperforming stores, and reconfiguring its entire supply chain. The numbers are consequently complicated to wade through. But the company had full-year net sales of $9.1 billion, just a hair over management's guidance, which was obviously good.However, the problem is with Advance's guidance. The company only expects net sales of $8.4 billion to $8.6 billion in 2025 as it continues to close stores. And with a forecast of $300 million in capital expenditures in 2025, management expects negative full-year free cash flow of $25 million to $85 million.Continue readingWeiter zum vollständigen Artikel bei MotleyFool

Wenn Sie mehr über das Thema Aktien erfahren wollen, finden Sie in unserem Ratgeber viele interessante Artikel dazu!
Jetzt informieren!
Nachrichten zu Parts Holding Europe SASmehr Nachrichten
Analysen zu Parts Holding Europe SASmehr Analysen
Aktien in diesem Artikel
Advance Auto Parts Inc. | 46,13 | -5,28% |
|