By Davit Kirakosyan

Advance Auto Parts (NYSE) reported its EPS, which was $3.57 lower than the Street’s estimate of $3.60. The Street estimate was $3.39 billion. Revenue increased 1.3% to $3.4 Billion.

Year-over-year, comparable store sales increased 0.6%. A two-year stack shows comparable store sales rising 25.3%.

Advance Auto Parts president and CEO Tom Greco stated that they have delivered their 8th consecutive quarter in comparable store sales, adjusted operational income and adjusted EPS growth.

According to its 2022 outlook, the company expects EPS to be in the $13.30-$13.85 range, as opposed to $13.70 consensus. Revenue is expected to range from $11.2-11.5 Billion, in comparison to $11.4 billion consensus.

Advance Auto Parts shares are down by 24% over the past year.