CarParts.com Reports Preliminary Results for Record Q4 and Full-Year – AftermarketNews.com (AMN)
CarParts.com, one of the leading e-commerce providers of automotive parts and accessories, in light of recent market volatility, is providing preliminary 2021 results for the fourth quarter and fiscal year ended Jan. 1, 2022.
The fourth quarter ending January 1, 2022 included 13 weeks versus 14 weeks in the fourth quarter ended Jan. 2, 2021. The fiscal year ended January 1, 2022, included 52 weeks versus 53 weeks in the fiscal year ended Jan. 2, 2021.
Based on preliminary unaudited information, CarParts.com expects to report fiscal year 2021 revenue of approximately $582 million, up 31% versus fiscal year 2020 and up 33% excluding an extra week in 2020.
Based on preliminary unaudited information, CarParts.com expects to report fourth quarter 2021 revenue of approximately $138 million, up 15% versus the fourth quarter of 2020 and up 23% excluding an extra week in 2020.
“By executing on our strategy of Right Part, Right Place, Right Time, we were able to deliver our eighth consecutive quarter of year-over-year growth” said Lev Peker, CEO of CarParts.com. “Our vertically integrated business model has proven to be resilient, and we are incredibly proud of our team’s tremendous efforts.
“As we look towards the remainder of 2022, we are excited about opening two new distribution facilities and feel confident in our ability to drive continued revenue growth,” Peker added.
The company expects to provide its next financial update when it reports fourth quarter and full year results in March 2022.