11:54 AM EDT, 05/22/2025 (MT Newswires) -- Advance Auto Parts ( AAP ) shares surged intraday Thursday after the company affirmed its full-year outlook as fiscal first-quarter results came in better than expected.

The auto parts retailer reported an adjusted loss of $0.22 a share for the quarter ended April 19, swinging from earnings of $0.33 a share a year earlier. The consensus on FactSet was for a loss of $0.82. Net sales fell to $2.58 billion from $2.77 billion a year earlier, but ahead of the $2.5 billion projected by analysts.

The stock jumped 51% in Thursday trade.

Comparable store sales dropped 0.6%, which the company said excluded sales at more than 500 corporate locations that were closed in the quarter. Analysts expected a 2% decline in same-store sales.

"After a challenging start to the year for the industry, we began to see demand rebound in late February, led by our Pro business," Chief Executive Shane O'Kelly said at an earnings call, according to a FactSet transcript. "In addition to better-than-expected top line results, we also reported stronger profitability with near breakeven adjusted operating margin, and we're on track to deliver positive operating margins starting with (the second quarter)."

Advance Auto Parts ( AAP ) continues to anticipate adjusted EPS of $1.50 to $2.50 for 2025, compared with a $0.29 loss it reported for the prior year. Wall Street is projecting non-GAAP EPS of $1.43. The company affirmed its net sales outlook of $8.40 billion to $8.60 billion, while analysts are looking for $8.47 billion. It expects comparable store sales to grow 0.5% to 1.5%, ahead of the 0.3% increase projected by the Street.

"We expect sequential improvement in comparable sales during 2025 with stronger growth in the second half, supported by our focus on improving parts, availability and elevated service levels," Chief Financial Officer Ryan Grimsland told analysts on the call. "For (the second quarter), we currently estimate flattish comparable sales growth, including the impact of the Easter shift from (the first quarter)."

The full-year guidance assumes no change to current tariffs and reflects the company's planned mitigation strategies, O'Kelly said on the call.

US President Donald Trump announced sweeping new import tariffs in early April, but later declared a 90-day pause on certain duties for non-retaliating countries. Recently, the US and China agreed to suspend most levies on each other's goods for a period of 90 days, while Washington reached a trade deal with the UK.

"We believe the combination of an aging and growing vehicle fleet in the US, coupled with the relatively nondiscretionary nature of auto parts spending, puts Advance and the industry in a favorable position to navigate through a volatile environment," O'Kelly said.

Price: 46.31, Change: +15.00, Percent Change: +47.91