Latest news with #AdvancedAutoParts
Globe and Mail
18 hours ago
- Business
- Globe and Mail
Advanced Auto Parts and Birkenstock are part of Zacks Earnings Preview
For Immediate Release Chicago, IL – August 11, 2025 – releases the list of companies likely to issue earnings surprises. This week's list includes Advanced Auto Parts AAP and Birkenstock BIRK. 3 Key Takeaways from Q2 Earnings Season As we head into the final phase of the Q2 earnings season, we can say with complete confidence that the overall earnings picture remains strong and resilient. Even more importantly, the outlook for the current and coming quarters has clearly started improving, with the favorable revisions trend particularly notable for the Tech sector. While we still have a few key Tech sector players among the 9% of S&P 500 members that are still to report results, the primary focus of the still-to-come reports will be on the retail space. We have a couple of retail-centric companies, such as Advanced Auto Parts and Birkenstock on deck to report this week, but the bulk of the sector results will start coming out the following week. Here are the three key takeaways from the Q2 earnings season. First, we saw an above-average proportion of companies beat Q2 EPS and revenue estimates, with the beats percentage particularly notable on the revenues side. Through Friday, August 8 th, we have seen Q2 results from 455 S&P 500 members, or 91% of the index's total membership. Total earnings for these companies are up +11.6% from the same period last year on +5.9% revenue growth, with 80.4% beating EPS estimates and 79.1% beating revenue estimates. This is a notably better performance relative to what we have seen from this group of index members in other recent periods. Second, we are on track for a new all-time quarterly record for the aggregate Q2 earnings total for the S&P 500 index, surpassing the previous record set in 2024 Q4. Looking at Q2 as a whole, combining the actual results from the 455 index members that have reported already with estimates for the still-to-come 45 companies, total S&P 500 earnings are expected to be up +12.1% from the same period last year on +6.2% higher revenues. The Q2 earnings growth rate improves to +13.9% when the Energy sector's drag is removed from the results and weakens to +8.5% when the Tech sector's substantial contribution is excluded from the aggregate numbers. The aggregate dollar total for Q2 is a new all-time quarterly record. Aggregate earnings are on track to reach $582 billion, up from $556.2 billion in the preceding period, $519.3 billion in the year-earlier quarter, and the previous record of $573.6 billion in 2024 Q4. Third, the revisions trend has turned positive, with the trend particularly notable for the Tech sector. For the current period (2025 Q3), the expectation today is for earnings growth of +5.1% for the S&P 500 index on +5.6% higher revenues. Since the start of July, Q3 estimates have increased for 6 of the 16 Zacks sectors, with the biggest gains for the Tech, Finance, Energy, and Retail sectors. On the negative side, Q3 estimates have declined for the remaining 10 sectors since the start of the period, with the biggest declines for the Medical, Transportation, Basic Materials, Construction, and Auto sectors. For the Tech sector, Q3 earnings are currently expected to be up +10.4% from the same period last year on +11.5% higher revenues. The Earnings Big Picture In terms of S&P 500 index 'EPS', these growth rates approximate to $257.35 for 2025 and $289.35 for 2026. For a detailed view of the evolving earnings picture, please check out our weekly Earnings Trends report here >> >> Earnings Outlook Steadily Improves: Mag 7 Earnings Loom Free: Instant Access to Zacks' Market-Crushing Strategies Since 2000, our top stock-picking strategies have blown away the S&P's +7.7% average gain per year. Amazingly, they soared with average gains of +48.4%, +50.2% and +56.7% per year. Today you can tap into those powerful strategies – and the high-potential stocks they uncover – free. No strings attached. Get all the details here >> Media Contact Zacks Investment Research 800-767-3771 ext. 9339 support@ provides investment resources and informs you of these resources, which you may choose to use in making your own investment decisions. Zacks is providing information on this resource to you subject to the Zacks "Terms and Conditions of Service" disclaimer. Past performance is no guarantee of future results. Inherent in any investment is the potential for material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit for information about the performance numbers displayed in this press release. Zacks' Research Chief Names "Stock Most Likely to Double" Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest. This top pick is a little-known satellite-based communications firm. Space is projected to become a trillion dollar industry, and this company's customer base is growing fast. Analysts have forecasted a major revenue breakout in 2025. Of course, all our elite picks aren't winners but this one could far surpass earlier Zacks' Stocks Set to Double like Hims & Hers Health, which shot up +209%. Free: See Our Top Stock And 4 Runners Up Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report Birkenstock Holding PLC (BIRK): Free Stock Analysis Report
Globe and Mail
3 days ago
- Business
- Globe and Mail
3 Key Takeaways from the Q2 Earnings Season
As we head into the final phase of the Q2 earnings season, we can say with complete confidence that the overall earnings picture remains strong and resilient. Even more importantly, the outlook for the current and coming quarters has clearly started improving, with the favorable revisions trend particularly notable for the Tech sector. While we still have a few key Tech sector players among the 9% of S&P 500 members that are still to report results, the primary focus of the still-to-come reports will be on the retail space. We have a couple of retail-centric companies, such as Advanced Auto Parts AAP and Birkenstock BIRK, on deck to report this week, but the bulk of the sector results will start coming out the following week. Here are the three key takeaways from the Q2 earnings season. First, we saw an above-average proportion of companies beat Q2 EPS and revenue estimates, with the beats percentage particularly notable on the revenues side. Through Friday, August 8 th, we have seen Q2 results from 455 S&P 500 members, or 91% of the index's total membership. Total earnings for these companies are up +11.6% from the same period last year on +5.9% revenue growth, with 80.4% beating EPS estimates and 79.1% beating revenue estimates. This is a notably better performance relative to what we have seen from this group of index members in other recent periods, as the comparison charts below show. The comparison charts below show the Q2 earnings revenue growth pace for the 455 index members that have already reported results. As you can see above, the revenue performance is particularly notable. Second, we are on track for a new all-time quarterly record for the aggregate Q2 earnings total for the S&P 500 index, surpassing the previous record set in 2024 Q4. Looking at Q2 as a whole, combining the actual results from the 455 index members that have reported already with estimates for the still-to-come 45 companies, total S&P 500 earnings are expected to be up +12.1% from the same period last year on +6.2% higher revenues. The Q2 earnings growth rate improves to +13.9% when the Energy sector's drag is removed from the results and weakens to +8.5% when the Tech sector's substantial contribution is excluded from the aggregate numbers. The aggregate dollar total for Q2 is a new all-time quarterly record, as the chart below shows. As you can see above, aggregate earnings are on track to reach $582 billion, up from $556.2 billion in the preceding period, $519.3 billion in the year-earlier quarter, and the previous record of $573.6 billion in 2024 Q4. Third, the revisions trend has turned positive, with the trend particularly notable for the Tech sector. For the current period (2025 Q3), the expectation today is for earnings growth of +5.1% for the S&P 500 index on +5.6% higher revenues. The chart below shows how Q3 earnings growth expectations have evolved in recent weeks. You can also see above how Q3 estimates have evolved since the start of July. Since the start of July, Q3 estimates have increased for 6 of the 16 Zacks sectors, with the biggest gains for the Tech, Finance, Energy, and Retail sectors. On the negative side, Q3 estimates have declined for the remaining 10 sectors since the start of the period, with the biggest declines for the Medical, Transportation, Basic Materials, Construction, and Auto sectors. For the Tech sector, Q3 earnings are currently expected to be up +10.4% from the same period last year on +11.5% higher revenues. The chart below shows how the sector's Q3 earnings growth expectations have evolved since the quarter got underway. The Earnings Big Picture The chart below shows current Q2 earnings and revenue growth expectations in the context of the preceding four quarters and the coming four quarters. The chart below shows the overall earnings picture on a calendar-year basis. In terms of S&P 500 index 'EPS', these growth rates approximate to $257.35 for 2025 and $289.35 for 2026. The chart below shows how these calendar year 2025 earnings growth expectations have evolved since the start of Q2. As you can see below, estimates fell sharply at the start of the quarter, which coincided with the tariff announcements, but have started going back up lately. Quantum Computing Stocks Set To Soar Artificial intelligence has already reshaped the investment landscape, and its convergence with quantum computing could lead to the most significant wealth-building opportunities of our time. Today, you have a chance to position your portfolio at the forefront of this technological revolution. In our urgent special report, Beyond AI: The Quantum Leap in Computing Power, you'll discover the little-known stocks we believe will win the quantum computing race and deliver massive gains to early investors. Access the Report Free Now >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report Birkenstock Holding PLC (BIRK): Free Stock Analysis Report
Yahoo
04-08-2025
- Yahoo
One juvenile dead, three others injured in shooting at south Augusta auto parts store
A shooting on Sunday afternoon in the parking lot of a south Augusta auto parts store resulted in the death of one teen and three other juveniles hospitalized. Deandre Howell, 14, was pronounced dead at the scene of the shooting at Advanced Auto Parts on the corner of Deans Bridge Road and Meadowbrook Drive, noted Richmond County Coroner Mark Bowen and the Richmond County Sheriff's Office. Another juvenile is listed in critical condition at a local hospital, noted the sheriff's office. Two other juvenile victims in the shooting are in stable condition. The ages of the victims were not immediately provided. Sheriff's deputies were initially called to the scene at about 5:15 p.m., noted the sheriff's office. But an investigation and a search for a suspect continued into Sunday evening, with extra units, including S.W.A.T. and the drone team from the Columbia County Sheriff's Office, called in to help. Authorities said they focused their search on the Meadowbrook neighborhood near the scene of the deadly shooting. Early Monday, authorities said they placed Nametrius McClam into custody in connection with the murder. No age was provided, but he is known to frequent the Meadowbrook Drive area. An autopsy has been scheduled for Howell, said Bowen. − This story has been updated to add new information. Augusta curfew will be enforced: 'Nothing good happening for teenagers after 12 midnight' This article originally appeared on Augusta Chronicle: One juvenile dead, three others injured in south Augusta shooting
Tom's Guide
31-07-2025
- Automotive
- Tom's Guide
Advance Auto Parts data breach could pay out up to $5,200 — see if you qualify
Advanced Auto Parts, one of dozens of companies affected by the Snowflake cyberattacks last year, has reached a settlement in the lawsuits over the data breach that occurred in its cloud storage environment as a result of those attacks. The May 2024 breach leaked the personal information of 2.3 million employees and job applicants, and eligible individuals should have already received a data breach notification letter from the company which explains that their data was stolen and indicates whether or not they're eligible to receive funds. The Advance Auto Parts data breach exposed the names, email addresses, mailing addresses, dates of birth, drivers license number, Social Security numbers, demographic details and other personal information from employment applications of millions of employees and applicants. Those who have received a letter and intend to file a claim will need to do so by October 8, 2025. Additionally, they will need to include proof such as invoices, account statements or tax documents that show expenses they faced because of the breach. The maximum pay out amount is up to $5,200 and California residents may be eligible for an additional $100 under the CCPA (California Consumer Privacy Act). The settlement also offers two years of credit and identity monitoring, although affected individuals can turn that down and opt instead for an alternative $100 cash payment instead. The class action lawsuit claims that Advance Auto Parts failed to put sufficient measures in place to prevent the breach. As is common with settlements of this type, the company did not admit wrongdoing but agreed to settle in order to resolve the claims. A final court hearing is scheduled for October 23, 2025. Anyone who has been caught up in a data breach of this kind, or any other, should absolutely consider looking into one of the best identity theft protection services which can help monitor your accounts for signs of unusual activities, and send alerts if any malicious behavior is detected. Follow Tom's Guide on Google News to get our up-to-date news, how-tos, and reviews in your feeds. Make sure to click the Follow button. Get instant access to breaking news, the hottest reviews, great deals and helpful tips.
Yahoo
14-03-2025
- Business
- Yahoo
Whataburger building a restaurant in Crossville on Genesis Road
Whataburger is proposing the construction of a new location in Crossville on Genesis Road, across the street from Buc-ee's and just north of Advanced Auto Parts. Crossville Mayor RJ Crawford mentioned it during Tuesday night's Crossville City Council meeting just after Ethan Hadley's Crossville-Cumberland County Chamber of Commerce report. 'We've got some breaking news. We just found out that Whataburger has submitted a site plan, which will be going to the planning commission. Is it this month or next month?' Crawford asked. 'This month,' Crossville City Manager Valerie Hale said. '… So we're excited to be welcoming Whataburger to our town … So, you all are the first to know. We're excited,' Crawford said. In a written statement to the Crossville Chronicle, Hadley said, 'The addition of Whataburger along the Genesis Road corridor is the latest indication of the increasing awareness among the retail sector in the ongoing growth of our community.' According to the site plan submitted to the planning commission, there will be one driveway along Genesis Road and another to the rear along Donnelly Place. The site plan shows a proposed water connection to the front to an existing 8-inch water line that crosses Genesis Road. 'The city has agreed to terminate that line so Whataburger can shift their driveway south, which would have put their driveway over the existing water line. There must have been a miscommunication between them and their engineers. The development agency as well as their civil engineers have been made aware of the needed change in water connection. The developer of Genesis Plaza installed a water and sewer tap along Donnelly Place, to the rear. Also, the current site plan does not show the plan for a storm water structure. They should be on the final civil plans,' the city's planning report states. The city's planning staff has recommended approval of the site plan contingent upon the Tennessee Department of Transportation driveway permit, the change in water line connection, any required stormwater permits and the change in proposed water connection. According to Whataburger it has 25 locations in Tennessee and the Crossville location will be the farthest east location in Tennessee. Headquartered in San Antonio, TX, the company boasts a systemwide revenue of more than $4 billion annually across its 16-state footprint and over 1,090 restaurants. Whataburger has 51,000 employees and is celebrating its 75th year in business with intentions of further expansion. Most Whataburger restaurants are open 24/7 364 days a year and are closed on Christmas Day. The Crossville Planning Commission meets Thursday, March 20, at noon in Crossville City Hall and will discuss and consider the site plan.
