CarParts.com, one of the leading eCommerce providers of auto parts and accessories, is reporting results for the first quarter ended March 30, 2024.
First Quarter 2024 Summary vs. Year-Ago Quarter:
Management Commentary:
“In the past year, we have marked significant milestones. The successful launch of our mobile app stands out as it now contributes over 8% of our total eCommerce revenue. Additionally, we’ve captured 38% of our eCommerce revenue from loyal repeat customers, while our website has attracted over 100 million visits, affirming our strong online presence. We also realigned our cost structure to be leaner and more agile,” said David Meniane, CEO.
“We are well positioned to capture the tremendous and growing opportunities within the highly fragmented and underserved four hundred-billion-dollar aftermarket auto parts industry.