Page 16 - Shane Okelly News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Price hikes could not offset product costs and supply chain deleverage, Advance Auto says. Advance Auto Parts’ (AAP) second-quarter revenue rose slightly but earnings sank as price increases could not offset higher product costs and supply chain deleverage.For the quarter ended July 15, Advance reported net sales growth of 0.8% to $2.7 billion, which beat analysts’ expectations, and diluted earnings per share down 39.9% to $1.43, which missed expectations.The sales increase was primarily driven

Tony iskanderTom grecoShane okellyAdvance autoAuto partHome depotAdvance auto partsComparable store salesDiluted earnings per shareTom grecoSupply chainFree cash flowComparable store sales growthProduct costs