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By NAPA
Defending NHRA Funny Car world champion Ron Capps is leaving Gainesville Raceway with the confidence that he has one of the quickest cars in the class yet again after a second-round exit at the season-opening NHRA Gatornationals. The driver of the link hidden, please login to view Toyota GR Supra laid down the second-quickest pass of the event in the first round of Sunday eliminations before going up in smoke in the quarterfinals.
Capps and tuner Dean “Guido” Antonelli made a statement in Saturday qualifying, where Capps recorded the third-quickest pass of Q3 before laying down a 3.874 E.T. at 333.25-mph in the final session to claim the first No. 1 qualifier award of his sophomore season as a team owner and driver. It was Capps’ seventh pole position since forming Ron Capps Motorsports.
“(In the) last session, Q4, to go to the top and get the yellow hat is something we take very seriously,” Capps said. “It’s important to us to be able to fend off such great competition to steal the pole.”
Racing in front of a packed house on Sunday morning, Capps in his NAPA Auto Parts Toyota GR Supra fired off a 3.855-second pass at 334.57-mph to defeat Terry Haddock and set what was then low E.T. of the event. In the second round, Capps left first against fellow Toyota driver Alexis DeJoria but lost traction just after leaving the starting line.
“We felt great about race day,” Capps said. “(The weather) warmed up before second round and when I got back from the run and it smoked the tires, I told Guido how spoiled I was because we haven’t done that in a long, long time. We made a small clutch adjustment that caused us to smoke the tires, but we’re very, very happy with everything and I can’t wait to get going to the West Coast.”
Capps, a veteran of the NHRA nitro ranks, started the season with a new look and new body on his Toyota GR Supra Funny Car. There were personnel changes with the retirement of co-crew chief John Medlen after the Ron Capps Motorsports team won its first world championship as an organization at the end of the 2022 season. With one race under their belts, Capps and company are now ready to continue chasing Capps’ third consecutive world championship, and fourth overall, as the NHRA Camping World Series moves on to Phoenix.
“This last off-season was one of my favorites,” Capps said. “We had an extra month, and as an owner, it gave us a little more time to get everything together. Starting the season off with the Gatornationals was something I think the fans really love, and now I’m super excited to head West and get that string of West Coast races started. Couldn’t be happier with the way we started our season here. Test session went great on Tuesday. We brought out our brand-new 2023 Toyota GR Supra Funny Car body, and everything went according to plan.”
The early-season West Coast swing will begin March 24-26 at the NHRA Arizona Nationals at Wild Horse Pass Motorsports Park in Chandler, Ariz.
Start / Finish: Qualified No. 1 / Defeated by Alexis DeJoria in the quarterfinals
Points Earned: 62
2023 NHRA Camping World Series Points Standing / Total: No. 6 / 62 pts. (-52)
Next Race: March 24-26, NHRA Arizona Nationals, Chandler, Ariz.
How to Watch or Listen: FS1;
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By Counterman
Advance Auto Parts reported net sales of $11.2 billion for 2022, up 1.4% from 2021, while comparable-store sales were flat.
Fourth-quarter net sales increased 3.2% to $2.5 billion, while comparable-store sales were up 2.1%.
“In 2022, our team members once again worked to serve our customers with relentless focus and dedication,” said Tom Greco, president and chief executive officer. “Despite challenges throughout 2022, we made progress on our strategic initiatives, including the expansion of our footprint, further strengthening of our DieHard brand and improved customer loyalty. However, we are not satisfied with our results in 2022 and are taking decisive actions to improve performance in 2023. Importantly, the disciplined inventory and pricing actions we discussed last quarter to adapt to an evolving competitive landscape contributed to stronger results in Q4 and we ended the year with positive momentum.
“We expect to see further improvements in inventory availability throughout 2023, which we view as the single most important driver to accelerate topline growth. After several years of significant investments in complex transformation initiatives and the majority of the integration behind us, we’re now able to focus more time and resources on leveraging our differentiated asset base and improving execution to drive long-term shareholder value.”
Advance’s 2023 guidance is for net sales between $11.4 billion and $11.6 billion, and year-over-year growth in comparable-store sales between 1% and 3%.
“In 2023 we are shifting to GAAP as our reporting method for annual guidance,” said Jeff Shepherd, executive vice president and chief financial officer. “As the GPI integration nears completion, we expect transformation costs to be less impactful, which reduces the need for non-GAAP adjustments. In addition, we believe that focusing on GAAP results will improve the understanding and comparability with our closest peers. In 2023 we are elevating our performance to improve topline growth and share gains while delivering operating income margin expansion.”
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By Counterman
“The GPC team capped off a record-setting year with a strong fourth quarter highlighted by double-digit sales and earnings growth and continued margin expansion,” said Paul Donahue, chairman and CEO. “We are incredibly proud of our progress throughout the year and thankful to our teammates across the globe for their ongoing commitment to excellence. Working together, we have been agile in navigating the dynamics of the macro-economy and continue to deliver market share gains and drive positive momentum in our top and bottom-line results.”
Full-year net sales for the Global Automotive Parts group were $13.7 billion, up from $12.5 billion in 2021.
In the fourth quarter, net sales for the Global Automotive Parts group were $3.4 billion, up 7.6% from fourth-quarter 2021. Comparable-store sales were up 8.2% in the auto parts segment.
Industrial sales were $2.1 billion, up 29.6% fourth-quarter 2021, and reflecting a 16.7% increase in comparable sales and a 14.3% contribution from the KDG acquisition.
“The strength in Automotive sales was broad-based, with double-digit total sales growth in local currency in each of our global operations,” said Will Stengel, president and chief operating officer. “In addition, Industrial generated its seventh consecutive quarter of double-digit sales comps and 10th consecutive quarter of margin expansion, while continuing to execute well and create value with the accelerated integration of KDG. Our strong fourth quarter and record financial performance in 2022 are testaments to our teams’ hard work and dedication to serve our customers.”
For full-year 2023, GPC is projecting total year-over-year sales growth between 4% and 6%, according to its guidance. GPC is estimating year-over-year sales growth between 4% and 6% for both the Automotive Parts Group and the Industrial Parts Group.
“We had an exceptional 2022, which included celebrating our 95th year of operations,” Donahue said. “We have quickly turned our attention to the year ahead and, while the macro environment remains uncertain, we are confident in our strategic plans to drive sustained sales and earnings growth, continued margin expansion and strong cash flow. We believe our progress in these key areas, combined with a strong balance sheet, position GPC with the financial strength and flexibility to pursue strategic growth opportunities while also returning capital to shareholders
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