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LKQ Corporation Announces Results for Second Quarter 2022
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By NAPA
Christian Eckes continued his strong start to the 2023 NASCAR Cratfsman Truck Series season with a sixth-place result on Friday night at Las Vegas Motor Speedway (LVMS). The finish marks Eckes’ second-straight top-10 finish as has the driver of the No. 19
link hidden, please login to view Chevrolet Silverado RST sits third in the championship standings after two events. In seven trips to LVMS, Eckes has now collected top-10 finishes in six starts.
The Middletown, N.Y., native laid down the 12th-fastest lap in pole qualifying and began the 134-lap event from the outside of row six. Eckes wasted little time making moves towards the front as he immediately broke into the top-10 and advanced to fifth by lap three. A caution on lap 19 brought Eckes within reach of the leaders and provided an opportunity to battle for the stage win. On lap 29, Eckes sent his Chevrolet through the middle of a three-wide race for the lead into Turn 3 and was forced to make a stunning sideways save. The aggressive move displayed immense truck control and preserved his Silverado RST for the remainder of the evening.
Crew chief Charles Denike brought Eckes to pit road under the first stage caution for four tires, fuel and a chassis adjustment to tighten the balance on the NAPA Auto Care Chevrolet. Eckes restarted 24th on lap 36 but took full advantage of two restarts during the second segment to regain his track position. He advanced from 20th to 12th on the lap-45 restart and drove from seventh to fourth on the lap-53 restart. A third caution during the second stage flew on lap 54 and brought most of the front runners to pit lane, including Eckes. Another batch of fresh tires and fuel set the No. 19 team up to contend for the victory in the later laps but relegated them out of stage points at lap 60 after being scored 13th.
After sustaining minor left side damage by avoiding an incident on lap 60, Denike kept Eckes on track during the stage caution, which proved to be the prudent decision. Eckes grabbed the runner-up position on lap 68 following the final restart and challenged eventual victor Kyle Busch for the race lead. As the evening’s longest green flag run wore on, Eckes’ handling condition swung loose, losing rear lateral grip. While running fifth, Eckes made his final pit stop under green on lap 100 and cycled back around to the fifth position by lap 111. His Chevrolet remained on the loose side for the remaining 23 circuits as he drove to the checkered flag in sixth position.
“This No. 19 NAPA Auto Care Chevrolet was really, really fast tonight,” Eckes said. “I felt like it was race-winning capable. Super proud of everybody, a little too aggressive on my end, but we’ll go to Atlanta and race them hard there. It was pretty easy (coming through the field). I pride myself on restarts and was just able to drive through the pack the couple times we restarted pretty deep. We had a really fast truck tonight and we’ll try to put it all together at Atlanta in a couple weeks.”
Start / Finish: 12 / 6
Points Standing / Total: 3rd / 81 pts. (-4)
Next Race: Saturday, March 18, Atlanta Motor Speedway
How to Watch or Listen: FS1, MRN, SiriusXM
NAPA:
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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 AutoZone
MEMPHIS, Tenn. , Feb. 28, 2023 (GLOBE NEWSWIRE) -- AutoZone, Inc. (NYSE: AZO) today reported net sales of $3.7 billion for its second quarter (12 weeks) ended February 11, 2023 , an increase of 9.5% from the second quarter of fiscal 2022 (12 weeks). Domestic same store sales, or sales for stores
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