U.S. Auto Parts Reports Fourth Quarter and Full Year 2019 Results
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U.S. Auto Parts Network (PRTS) Misses Q4 EPS by 64c, Revenues Miss
March 9, 2020 4:19 PM EDTU.S. Auto Parts Network (NASDAQ: PRTS) reported Q4 EPS of ($0.70), $0.64 worse than the analyst estimate of ($0.06). Revenue for the quarter came in at $63 million versus the consensus estimate of $64.53 million.
Fourth Quarter 2019 Summary vs. Year-Ago Quarter
Private label sales increased 15% Y/Y.Gross profit increased 28% to $21.2 million, with gross margin up 800 basis points to 33.7%.Net sales declined as expected to $63.0 million compared to $64.7 million due to reduction of unprofitable business lines.Net loss was $(25.1) million or $(0.70) per share, compared to a net... More