CarParts.com Lowers FY24 Revenue Guidance From $662M-$688M To $600M-$625M Vs $673.35M Est.
$PRTS
Auto & Home Supply Stores
Consumer Discretionary
2024 Outlook
For the full year 2024, we are targeting gross profit to remain within the range we had previously forecasted but adjusting the net sales and gross margin ranges as follows:
- The Company expects net sales in a range of $600 million to $625 million to reflect our focus on gross margin improvement. Our previous net sales guidance had been in a range of $662 million to $688 million.
- The Company expects gross margin in a range of 33%, plus or minus 100 basis points, which will partially offset the lower expected net sales. Our previous guidance was 31%, plus or minus 100 basis points.