06:53 AM EDT, 08/22/2024 (MT Newswires) -- Advance Auto Parts ( AAP ) reported fiscal Q2 earnings Thursday of $0.75 per diluted share, down from $1.32 a year earlier.

Analysts polled by Capital IQ expected $0.91.

Net sales for the quarter ended July 13 were $2.68 billion compared with $2.69 billion a year earlier.

Analysts polled by Capital IQ expected $2.67 billion.

The company now expects full-year diluted EPS of $2 to $2.50 on net sales of $11.15 billion to $11.25 billion from the previous range of $3.75 to $4.25 on sales of $11.30 billion to $11.40 billion. Analysts polled by Capital IQ expect earnings of $3.46 on revenue of $11.29 billion.

Shares of Advance Auto Parts ( AAP ) were down more than 6% premarket.

Price: 58.00, Change: -3.92, Percent Change: -6.33