Advance Auto Elements, Inc. (NYSE: AAP) on Thursday reported a narrower web loss for the third quarter of 2024, when the automotive components retailer’s gross sales declined modestly.
The corporate reported a web lack of $6.0 million or $0.10 per share for the third quarter, in comparison with a lack of $62.0 million or $1.04 per share within the year-ago quarter.
Web gross sales decreased 3% year-over-year to $2.15 billion in the course of the three months. Comparable retailer gross sales for the third quarter decreased 2.3%
Shane O’Kelly, the corporate’s CEO, mentioned, “We are charting a clear path forward and introducing a new three-year financial plan, with a focus on executing core retail fundamentals to improve the productivity of all our assets and to create shareholder value.”