Advance Auto Parts Inc lowered its full-year profit outlook on Wednesday on the back of elevated costs, sending the auto parts retailer's shares down 24 per cent before the opening bell.High raw material, labor and freight prices, along with the ongoing supply chain constraints, have weighed down the auto
Advance Auto Parts Inc lowered its full-year profit outlook on Wednesday on the back of elevated costs, sending the auto parts retailer's shares down 24 per cent before the opening bell.
The Delaware-based supplier now expects to report net sales between $11.2 billion and $11.3 billion for 2023, down from its prior guidance of $11.4 billion to $11.6 billion.
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