Advance Auto Parts Third Quarter Earnings Per Diluted Share Increased 4% to $0.59 versus $0.57 Last Year
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ROANOKE, Va.October 29, 2008: Advance Auto Parts, Inc. , a leading retailer of automotive aftermarket parts, accessories, batteries, and maintenance items, today announced its financial results for the third quarter ended October 4, 2008.
Third quarter earnings per diluted share (EPS) increased 4% to $0.59 versus $0.57 last year. The Company’s EPS increase was primarily driven by a reduced share count as a result of share repurchases. Through the first three quarters of the year, EPS increased 16% driven by a reduction in share count as a result of share repurchases and increased operating income.