Advance Auto Parts set to accelerate brake price rises as supply chains overheat — Panjiva
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Advance Auto Parts set to accelerate brake price rises as supply chains overheat

China 3006 Cons. Discr. - Autos 1209 Earnings 744 Mexico 900 Quote Watch 452 U.S. 5354

Advance Auto Parts reported same store sales growth for the three months to April 24 of 24.7% year over year. Demand for brakes and other consumables has picked up as U.S. drivers prepare for post-pandemic journeys. U.S. seaborne imports linked to the firm climbed 23.8% year over year in April, assisted by a 45.5% rise in brake shipments. Advance’s CFO, Jeffrey Shepherd, has noted there are rising costs “in commodities, transportation and wages” but that the industry is “very rational and successful in passing on inflationary costs in the form of price”. The CFO of O’Reilly Automotive, T...

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