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O’Reilly Automotive, Inc. Reports First Quarter 2019 Results
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By NAPA
Tanner Reif came away with a 12th-place finish in the General Tire 150 at Phoenix Raceway on Friday night, as he made his first start for Bill McAnally Racing (BMR) in the No. 16
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He battled a vibration and handling issues in the race, which marked the season opener for the ARCA Menards Series West. The event, with 32 entries, also served as a combination race with the ARCA Menards Series.
After starting 20th on the grid in Friday’s race, Reif steadily worked his way forward. He was up to 15th by Lap 11 and 13th on Lap 18. He was on the verge of breaking into the top 10 throughout the second half of the race, but could not gain additional ground and was 12th at the checkered flag.
Reif expressed confidence that the team will have a fast NAPA Auto Care Chevrolet at the next ARCA West race at Irwindale Speedway, where he scored one of his two series wins as a rookie last year and where BMR has collected 17 wins.
“The NAPA Auto Care Chevrolet ran hard and the crew worked as hard as they could, but we just had a couple of things we couldn’t work out on the car,” Reif said. “It had a vibration and was off pace. Just because we had some adversity tonight doesn’t mean it will continue. I think we can make up these points and win a couple of races this year.”
Start / Finish: 20 / 12
Next Race: Saturday, April 1, Irwindale Speedway, Irwindale, Calif.
How to Watch or Listen: Live on FloRacing and Tape-Delay CNBC (Sun., April 23, noon ET)
Tanner Reif:
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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 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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