CarParts.com (NASDAQ:PRTS) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$144.3m (down 19% from 2Q 2023).

• Net loss: US$8.69m (loss widened by US$8.02m from 2Q 2023).

• US$0.15 loss per share (further deteriorated from US$0.012 loss in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

CarParts.com Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 7.4%. Earnings per share (EPS) also missed analyst estimates by 50%.

Looking ahead, revenue is expected to decline by 2.6% p.a. on average during the next 2 years, while revenues in the Specialty Retail industry in the US are expected to grow by 4.8%.

Performance of the American Specialty Retail industry.

The company's shares are down 16% from a week ago.

Risk Analysis

Before you take the next step you should know about the 4 warning signs for CarParts.com (1 is potentially serious!) that we have uncovered.

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