Advance Auto Parts Q2 Profit Rises - Quick Facts

(RTTNews) - Advance Auto Parts Inc. (AAP)reported that its second-quarter net income increased to $116.87 million from $99.61 million in the same quarter last year. Second quarter earnings per share were $1.59, which was an 18.7% increase versus the second quarter last year and includes a $0.01 impact resulting from the integration expenses for B.W.P. Distributors, Inc.

Total sales for the second quarter increased 6.1% to $1.55 billion, as compared with total sales during the second quarter of fiscal 2012 of $1.46 billion. The sales increase was driven by the acquisition of BWP and the net addition of 175 new stores over the past 12 months, partially offset by a comparable store sales decrease of 0.3% versus a comparable store sales decrease of 2.7% during the second quarter of fiscal 2012.

Analysts polled by Thomson Reuters expected the company to report earnings of $1.48 per share and revenues of $1.60 billion for the quarter. Analysts' estimates typically exclude special items.

On August 6, 2013, the Company's Board of Directors declared a regular quarterly cash dividend of $0.06 per share to be paid on October 4, 2013 to stockholders of record as of September 20, 2013.