Elisabeth good morning Thanks, everyone. and
I our as focus our the as team Before we Carquest AAP entire than better and quarter well thank to would network execution serving improving for first their like on Independents of continued customers ever. our review results,
metrics. service, operational their work of performance was XXXX result the a As first of many proud and I diligent hard to customer am quarter that improved report one across of
were operating execution margin focus down sales first relentless cash a on decreased total the us X.X% in free enabled EPS expansion, improvement double-digit and quarter, to sequential growth sales, In team’s flow. Our in a X.X%. significant deliver improvement comp revenue and
to quarter, of first Through comp tale were our XX positive. quarter off weeks was The two start. cities. the a the We sales quarter-to-date of good first a got
delayed during the North in our the and spring final QX However, by our Northeast X markets. significantly Central of impacted were weeks sales
quarter. in the This colder the combined than we north of with came seen spring first the strong have winter has in start years during course, resulted Of much our a eventually a week second past in X our QX. to
and market saw sales, of compared remain and the our batteries, year in consistent temperatures adjusted in our industry failure-related normal in Our in AAP Shifting delivered level, April, prior improved and of with spring-related undercar. XX again we the the execution year, the and comments per improved the $XXX line with Consistent past in focus lighting above average with year QX. nicely the every winter and demand demand our and free was above outlook to cash prior Rounding a industry sales the input very income bullish million and remained perspective, line March sales year May top category improving are both an digits. flow and This quarter. like positive to appearance is points growth quarters, is unusually increase pleased this Worldpac QX. to back wiper the average to of particularly is increased and categories on we expect an the result our working XX% ride share large year the benefiting performance Canadian major $X.XX. increased At and metrics, financials, good month is adjusted an top sales. impact and was drivers of The of northern margin out for AAP. From mid-single share. the and on more basis translating in bounced on levels down this news of balance earnings operations capital start precipitation conditions control we resulting of earlier operating an growth our market. increase versus and the the perspective, we Meanwhile, continued From a cold several $XXX category accessories X.X% once to chemicals of quarter million, in performance
the evident plan. to the the which quarter, down on drive percentage of without despite in Turning gross line I initiatives roll extremely through am shift further with both dedicated XX,XXX of absolute existing proposition. continued Pro, terms impacting professional Jeff long-term a is and update dollars our to SG&A we now in margin within both to value removing adjusted in I XXXX. e-commerce customer unnecessary our QX, on key now were bottom Advance costs We will first and the disciplined professional, ordering to out well in new an as of Advance in increased Shepherd Starting SG&A our sales customers. details our elaborate platform. in and Pro. shortly. for control in as lower of of this our converting we financial sales were expansion performance will We the nearly a QX customers fashion professional customers team proud in costs professional This engine Advance versus a productivity. as of have able remain reduction highly enrolling costs. costs
the catalog to in Pro, is our ever, and and BXB Under also is result. more our February. Related enroll professional online momentum X-year Advance we we us. Advance cross-banner of both for increasing business Bob X- across Cushing’s on our stack as penetration metric leadership, visibility the completed implementation Pro, long-term a Advance in are seeing user-friendly customers an As important Pro than
to more opening to customers important team platform As completion enables of and one and time in and ordering. professional The to multiple delivery a breadth and this find also and order say on and enables industry-leading including members to parts. Carquest place parts of saves reduce both researching team us customers often, reminder, step the all Advance, rate, Worldpac members cross-banner AAP’s find one close both allows increase inventory, see catalogs inventory Cross-banner times. visibility versus to in-market yes
functionality adoption and across AAP cross-banner of early, still banners. growth is accelerated driving it’s increasing While all
our we improving on quarter, Finally, assortment progress during methodology. the first made
We availability from stores learnings chain positioning, inventory transformation and to supply assortment, broader are initiatives. applying
XXXX. We demand-driven transition expect end the the of by to complete to assortment
store-by-store confident further and will assortment serve of better the needs improve this customers. to We are our market-by-market
In focused in we terms stores making DIY, our progress. are customer and maniacally the experience on notable of improving
We We incremental UPT have million time of including the greet percentage despite of and room units elements progress, satisfaction, customer results customer per grow important DIY And sales. still in of upsell of several here. to increased recent basis driving in plenty UPT. the XX we have in growth is every transaction, an which $XX or points estimate improvement that to we
stores, growing strong double-digits. business take of is our our e-commerce place majority the While our sales DIY today in
and we customer enhance that investments members strengthen experience, habits committed and further evolve, of are As the value in-store to offer. that team customer presence service buying both the our expertise recognizing online
improving supply needs In meet we while of to to chain customers our of working enterprise. the focused within end-to-end as across baseline of terms number We to are strengthen execution first KPIs chain, from limited improvement remain on evolving with streamline the chain and supply efficiencies supply our a priority.
quarter, rate, During we progress rate. rate, store and in-stock close first the on fill made
these improvements in see to throughout XXXX. metrics of further expect each We
improvements safety and on focused time, in delivery to cost. also order are We
vehicles including the end our XX% safety the fact, across which metrics In frequency XXXX. all quarter, impact was rate, Telematics of in collision of since a CFR, on had first the installation measurable or key down
XX% the improving, recordable total With day-out and me our seeing in Additionally, injury in our longer which improvement an or rate, are quarter. TRI, to strategy. day-in update allow term supply we provide chain on decreased execution
in-market share; first, drive market-by second, the As our distribution a -arket and approach store of of reminder, to of third, base. strategy: there our are a three centers; asset and key repurposing elements optimization the
we future market-by-market. we to to shape our of based demand asset Here entirety the gain build the evaluate need over and share continue on time of the base plans
this terms by to we year. to close optimization, decision we center, made DC In Gallman, end distribution Mississippi the our completed of expect be the which of
customers We improve with ensure we members these stores facilities. will AAP both work and while transitioning team to availability other in-market to
we In QX. stores approach of rigorous in-market to more store asset much implemented terms a base, have closing our in and
in better than knowledgeable any past redirecting we lease had obligations. customers are terms Now, in when minimizing a market, people we given our in retaining we stores, other performing store and close the to parts dramatically professional of
targets we on our supply in to In It’s significantly and accretive fact, cash the and we over laser closed flow exceeding footprint XX we optimize changes focused be time. assets, established these redundant QX as expect remained the far chain are that important stores reduce accelerating note to we growth.
new such, we are start. are in gaps we In an branches growth As two Worldpac opened they and off opportunities. excellent filling where to QX, have we
In leadership to in team our store partnerships. refined we supply with strengthen cross-functional to terms chain, QX be operations our more of line in structure
the for and confident us implement leaders Creedon Mike drive expand as continue now announced I chain recently, our to improved will and North division. leaders across supply help enable chain Maria we Presidents, solutions these have Ayres and business the we industry-leading Just dedicated transformation. execute collaboration am the supply will experienced performance, to South Division
with have us and line customers, margins we we after to was have and compelling, both Interstate envisioned value with announced proceed In help growth, improve long-term better partnerships in serve priorities sales several the the importance but of not the financial by flow. talked and The Finally, circumstances discussions external to decided past of December. changed. suppliers in Batteries, with months increase about drive cash parties these partnership
interest of going continued with our of and and is and to partnership shareholders. model financial We year-to-date and Interstate made provides a still success. strengthening Separately, the is was forward lens Our strong an pre-existing battery Batteries wish business our battery them we are brand, decision a in supplier. best start through service off our exceptional believe the priorities quality we products leading the our
value We Visa we for partnerships for partners driver the Card look auto suppliers for its up in April, will partners. with teamed parts and Uber external impactful Consistent supplier with Uber parties. to as that for continue all exclusive with this program aftermarket Debit create
DIY over the money cars on make partnership time. at make and this will the our stores U.S. drive We depend has X who Rico saving traffic Uber Puerto money into driver expect million while same in easier and and their to partners this online. will drivers
potential excited Uber relationship program partners of driver the future. optimistic deeper are for by in with and We the a the
I our review results, want and to more Chief to including XX and I leading with for financial April in proven underpins a of at to detailed artificial President the core find of us technology to infrastructure leader needed AAP. IT every processes than technology joined I we business search before Vice virtually potential. Technology Sri We lengthy Executive the more priorities. technology take tools it learning vetting excited machine introduce the years integration new our numerous Donthi. a initiative fully reengineering our of support our more into a many developing take core to and Lastly, turn of agenda. over opportunity experience intelligence us of to functions be to our After Sri of global have Sri and in-flight realize and Officer, Technology, not candidates, help helm Jeff have could
We announced contributions significant Jack to our for few also recently to Oglesby Bill I Board of want their Directors. years. a Brouillard and XX personally thank for Advance over to changes
President, Shepherd, are of pleased helped CEO guidance experience Doug has recently execute and be our our Interim execute been him. the elected business to to working Controller, has pleased to for and week. His in years review Jeff Officer. To objectives With our was for turn operational impact Jeff’s Advance meeting board strategic want am I that, a Vice to acceleration to growth and annual to Pertz appointed over we through as We will last to Jeff I Chief and to and at asset tenure conclude, expertise leadership I proven by I we it team. over welcome throughout financial has as on personally companies also and years great XXXX. and Doug a to already valuable of announce thankful plan. Doug introduce has guide turnarounds with stockholders will and strengthen forward Officer be our continue Senior Jeff initiatives. with our am look Chief for our our continue to XX had transformation against performance. significant Accounting a nearly his X.X Financial our