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Advance Auto Parts sees FY23 EPS $10.20-$11.20
The Fly

Advance Auto Parts sees FY23 EPS $10.20-$11.20

FY23 EPS consensus of $12.53 may not compare. Sees FY23 revenue $11.4B-$11.6B, consensus $11.33B. "In 2023 we are shifting to GAAP as our reporting method for annual guidance. As the GPI integration nears completion, we expect transformation costs to be less impactful, which reduces the need for non-GAAP adjustments. In addition, we believe that focusing on GAAP results will improve the understanding and comparability with our closest peers. In 2023 we are elevating our performance to improve topline growth and share gains while delivering operating income margin expansion," said Jeff Shepherd, executive vice president and CFO.

Published first on TheFly

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