CarParts.com Reports Record Fourth Quarter and Full Year 2020 Results
TORRANCE, Calif., March 8, 2021 /PRNewswire/ -- CarParts.com, Inc. (NASDAQ: PRTS), one of the leading e-commerce providers of automotive parts and accessories, is reporting results for the fourth quarter and fiscal year ended January 2, 2021.
Fourth Quarter 2020 Summary vs. Year-Ago Quarter
Net sales increased 90% year over year to $119.7 million (includes one extra week).
Gross profit increased 97% to $41.6 million, with gross margin up 110 basis points to 34.8%.
Net loss was ($3.5) million or ($0.07) per share, compared to a net loss of ($25.1) million or ($0.70) per share. Q4 2019 net loss included a ($23.0) million non-cash deferred tax valuation allowance.
