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Advance Auto Parts fiscal Q1 profit climbs 9.4% YOY

Advance Auto Parts Inc. said its normalized net income for the fiscal first quarter ended April 25 came to $2.30 per share, compared with the S&P Capital IQ consensus estimate of $2.48 per share.

EPS rose 8.9% year over year from $2.12.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $169.7 million, a gain of 9.4% from $155.2 million in the year-earlier period.

The normalized profit margin increased to 5.6% from 5.2% in the year-earlier period.

Total revenue increased on an annual basis to $3.04 billion from $2.97 billion, and total operating expenses climbed on an annual basis to $2.74 billion from $2.70 billion.

Reported net income came to $147.3 million, or $2.00 per share, compared to $147.4 million, or $2.01 per share, in the year-earlier period.