U.S. Auto Parts Reports Third Quarter 2019 Results; Renewed Focus on Private Label Sales Drives Strongest Quarter of Gross Margin Since Q3 2016
U.S. Auto Parts Network, Inc. (NASDAQ: PRTS), one of the largest online providers of aftermarket automotive parts and accessories, is reporting results for the third quarter ended September 28, 2019.
Third Quarter 2019 Summary vs. Year-Ago Quarter
Gross profit increased 15% to $21.1 million compared to $18.4 million. As a percentage of net sales, gross profit increased 400 basis points to 30.5% compared to 26.5%. Net sales were $69.3 million compared t...