Advance Auto Parts says Q2 2023 sales $2.7 billion, up 0.8% YOY

Financial results

The company says its profitability during the quarter was below expectations due to its inability to cover inflation

Advance Auto Parts, an automotive aftermarket parts distributor in North America, announced that for the second quarter ended July 15, 2023, its net sales stood at $2.7 billion, up 0.8% compared with the second quarter of the prior year, primarily driven by new store openings, according to a press release dated August 23.

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