12:11 PM EDT, 05/22/2025 (MT Newswires) -- (Updates with stock price movement in the headline and first paragraph.)

Advance Auto Parts ( AAP ) shares were up nearly 56% in recent Thursday trading after the company reported a fiscal Q1 loss that was narrower than expected and reiterated its full-year outlook.

The company reported a fiscal Q1 adjusted loss of $0.22 per diluted share, swinging from a profit of $0.33 a year earlier.

Analysts polled by FactSet expected a loss of $0.82.

Net sales for the quarter ended April 19 were $2.58 billion, down from $2.77 billion a year earlier.

Analysts surveyed by FactSet expected $2.50 billion.

The company said it continues to expect fiscal 2025 adjusted EPS of $1.50 to $2.50. Analysts polled by FactSet expect $1.42.

The company also reaffirmed its net sales outlook of $8.40 billion to $8.60 billion. Analysts surveyed by FactSet expect $8.47 billion.

Price: 48.76, Change: +17.45, Percent Change: +55.73