CarParts.com Reports Record Sales and Gross Profit for Second Quarter 2020
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U.S. Auto Parts Network (PRTS) Tops Q2 EPS by 3c, Revenues Beat
August 10, 2020 4:06 PM EDTU.S. Auto Parts Network (NASDAQ: PRTS) reported Q2 EPS of $0.03, $0.03 better than the analyst estimate of $0.00. Revenue for the quarter came in at $118.9 million versus the consensus estimate of $84.63 million.
Q2 2020 Highlights vs. Year-Ago Period
Q2 net sales increased 61% to a company record $118.9 million vs. $73.7 million.Q2 gross profit increased 88% to a company record $40.8 million vs. $21.8 million.Q2 gross margin increased 480 basis points to 34.3% vs. 29.5%.Q2 net income improved significantly to $1.6 million or $0.03 per diluted share, compared to a net loss of $(1.5) million or $(0.04) per basic and... More