AFTERMARKET NEWS
Advance Auto Parts Rebrands eServices Unit As MOTOSHOP Technology Tools ROANOKE, Va. – Advance Auto Parts has rebranded the company’s eServices product portfolio. Effective immediately, Advance eServices will be known as MOTOSHOP Technology Tools. According to Advance, the brand change was made to highlight the company’s commitment to providing an innovative and shop-friendly customer experience through continued investment in product development, new technologies and customer service. “Providing reliable and easy-touse services is a major focus of how Advance seeks to partner above and beyond with our customers,” said Walter Scott, vice president of eCommerce and eServices for Advance Auto Parts. “The services available from MOTO-
SHOP Technology Tools will help a shop serve their customers better and manage their shop more efficiently, whether that’s through access to more comprehensive diagnostic information, the latest in interactive training platforms or a guaranteed shop marketing program. We want to help shops grow their business.” MOTOSHOP Technology Tools includes MotoLOGIC Repair & Diagnostics, MotoREV Shop Marketing, MotoSKILL Shop Tech Training and the soon-to-launch MotoSHOP Shop Management System. With flexible product offerings, automotive shops can choose from all of the above services, or just those that meet their unique needs.
Advance Auto Parts Reports
Third-Quarter Results
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ROANOKE, Va. – Advance Auto Parts has announced its financial results for the third quarter ended Oct. 5. Third-quarter earnings per diluted share (EPS) were $1.42, which was a 17.4 percent increase versus the third quarter last year and includes 4 cents of transaction expenses related to the company’s pending acquisition of General Parts International Inc. (GPI) and 2 cents of integration expenses for BWP Distributors Inc. “Our sales grew 4.3 percent and operating income increased 13.5 percent in the third quarter compared to the third quarter of 2012. We are pleased with our profit improvement in consecutive quarters and remain cautious on the underlying sales environment,” said Darren Jackson, CEO. “We remain focused on improving our sales performance while making the necessary adjustments to our business to continue improving our profitability. Our recent announcement to acquire GPI is another strategic step forward for Advance as we look to accelerate our growth strategy and position Advance to capitalize on positive long-term fundamentals.” Fiscal Third-Quarter and Year-to-Date Highlights Total sales for the third quarter increased 4.3 percent to $1.52 billion, as compared with total sales during the third quarter of fiscal 2012 of $1.46 billion. The sales increase was driven by the acquisition of BWP and the net addition of 170 new stores over the past 12 months, partially offset by a comparable store sales decrease of 2.0 percent versus a comparable store sales decrease of 1.8 percent during the third quarter of fiscal 2012.
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December 2013 | Counterman