Advance Auto has 19% profit jump in Q2
Roanoke, Va. -- Advance Auto Parts beat Wall Street projections with a 19% profit increase in the second quarter – from $116.9 million last year to $139.5 million.
The acquisition of General Parts drove sales up 52%, to $2.35 billion, from $1.55 billion in the same quarter last year. Wall Street anticipated $2.32 billion.
"We remain on pace against our base business expectations, integration milestones and with our financial performance,” said Advance CEO Darren Jackson.