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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.
Adjusted EBITDA decreased to $1.0 million vs. $1.7 million in the year ago quarter. The decline was partially due to approximately $1 million in additional expenses associated with the opening of our Texas Distr
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