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CarParts.com Reports Record Second Quarter 2021 Results prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
Share this article TORRANCE, Calif., May 10, 2021 /PRNewswire/ CarParts.com, Inc. (NASDAQ: PRTS), one of the leading e-commerce providers of automotive parts and accessories, is reporting results for the first quarter ended April 3, 2021. First Quarter 2021 Summary vs. Year-Ago Quarter Net sales increased 65% year over year to $144.8 million . Gross profit increased 65% to $49.2 million, with gross margin up 10 basis points to 34.0%. Net loss was ($2.7) million or ($0.06) per share, compared to a net loss of ($1.0) million or ($0.03) per share. Adjusted EBITDA decreased to $3.6 million vs. $4.3 million in the year ago quarter. The decrease was driven primarily by the continued ramp up of our Texas Distribution Center ( DC ), adverse weather, and target investments in brand awareness campaigns that did not exist in the prior year quarter. ....
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