Genuine Parts beats quarterly profit estimates as it adds more stores
Automotive replacement parts distributor Genuine Parts on Tuesday reported a better-than-expected fourth quarter profit, as store acquisitions and an extra selling day in the U.S. boosted sales.
Genuine Parts Co. stock underperforms Tuesday when compared to competitors
The stock's fall snapped a five-day winning streak.
Genuine Parts Company tops estimates despite softer end-market demand
Genuine Parts Company (NYSE:GPC) reported sales increased 3.3% year-over-year to $5.6 billion in Q4. The company said the improvement was attributable to a 3.2% benefit from acquisitions, a net 0.6% ...
Genuine Parts Company targets $200M annualized cost savings by 2026 with restructuring efforts
CEO Will Stengel emphasized the company's resilience amid challenging macroeconomic conditions, highlighting strategic investments in technology, supply chain, and employee talent. He noted that the ...