CarParts.com, Inc. Reports Earnings Results for the First Quarter Ended April 02, 2022
May 03, 2022 at 04:01 pm EDT
Share
CarParts.com, Inc. reported earnings results for the first quarter ended April 02, 2022. For the first quarter, the company reported sales was USD 166.05 million compared to USD 144.8 million a year ago. Net income was USD 2.1 million compared to net loss of USD 2.72 million a year ago. Basic earnings per share from continuing operations was USD 0.04 compared to basic loss per share from continuing operations of USD 0.06 a year ago. Diluted earnings per share from continuing operations was USD 0.04 compared to diluted loss per share from continuing operations of USD 0.06 a year ago.
CarParts.com, Inc. is a technology-driven e-commerce company. It serves as an end-to-end solution for automotive repair and maintenance resources. It principally sells its products, identified as stock keeping units, to individual consumers through its Website, www.carparts.com, and online marketplaces. It has classified its products into three subcategories by function: replacement parts, hard parts, and performance parts and accessories. The replacement parts category is primarily comprised of parts for the exterior of an automobile. Parts in this category are typically replacement parts for original body parts that have been damaged as a result of a collision or through general wear and tear. The hard parts category is comprised of engine and chassis components, as well as other mechanical and electrical parts. These parts serve as replacement parts for existing engine parts. It offers performance versions of many parts, including parts from one of its own house brands, JC Whitney.
CARPARTS.COM, INC. 
