By Davit Kirakosyan
CarParts.Com Inc (NASDAQ:PRTS) shares gained more than 3% after-hours following the company’s reported Q4 results, with revenue of $154.5 million (up 12% year-over-year) coming in better than the consensus estimate of $151.18M.
EPS was ($0.11), in line with expectations. Gross profit increased 9% year-over-year to $51.6M, with a gross margin of 33.4%.
Full-year revenue grew 14% year-over-year to a record $661.6M and increased 45% on a two-year stack.
"2022 was a record-breaking year for us, marking our third consecutive year of double-digit revenue growth. Since 2019, we have more than doubled our revenues and returned the company to profitability by leveraging our positive unit economics," said David Meniane, CEO of CarParts.com.