CarParts.com reports Q1 EPS 4c, consensus 0c

Reports Q1 revenue $175.5M, consensus $176.31M. "Q1 marked our 13th consecutive quarter of growth all while building up a robust balance sheet. Our team grew revenues and maintained profitability despite a challenging macro environment," said David Meniane, CEO of CarParts.com. "For the remainder of the year, we will continue to drive operating improvements, expand our assortment, and enhance our website with new functionality." "These results are the latest chapter in our success story, which is the product of a complete transformation that included a refreshed management team, restructured departments, new tech stacks, and improved operating efficiencies. No matter how you look at it, what the team has accomplished is remarkable. Our commitment to our customers, shareholders, and employees remains unwavering. And as we look ahead, we believe we can continue to drive growth, profitability, and shareholder returns."