Advance Auto Parts Corrects 2024 Net Sales To $11.3B-$11.4B Vs $11.349B Consensus
Portfolio Pulse from Benzinga Newsdesk
Advance Auto Parts has corrected its 2024 net sales forecast to a range of $11.3 billion to $11.4 billion, compared to the consensus estimate of $11.349 billion.

May 29, 2024 | 7:58 pm
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Advance Auto Parts has revised its 2024 net sales forecast to $11.3 billion to $11.4 billion, which is in line with the consensus estimate of $11.349 billion. This correction suggests stability in the company's revenue expectations.
The revised sales forecast is very close to the consensus estimate, indicating that the market's expectations for the company's revenue remain stable. This is likely to have a neutral impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100