TORRANCE, Calif., January 6, 2022 / PRNewswire / – CarParts.com, Inc. (NASDAQ: PRTS), a leading e-commerce supplier of auto parts and accessories, in light of recent market volatility, Provides preliminary results for 2021 for the fourth quarter and fiscal year ended January 1, 2022.

The fourth quarter ends January 1, 2022 included 13 weeks compared to 14 weeks in the closed fourth quarter January 2, 2021. The year ended January 1, 2022 included 52 weeks compared to 53 weeks during the closed financial year January 2, 2021.

Based on preliminary unaudited information, CarParts.com expects to report sales of approximately $ 582 million, up 31% compared to fiscal 2020 and 33% excluding the additional week in 2020.

Based on preliminary unaudited information, CarParts.com expects to report fourth quarter 2021 revenue of approximately $ 138 million, up 15% compared to the fourth quarter of 2020 and up 23% excluding additional week in 2020.

The preliminary financial information contained in this press release has been prepared internally by management and has not been reviewed or audited by our independent registered public accounting firm. There can be no assurance that actual results will not differ from the preliminary financial information presented here and such changes could be material. These preliminary financial data should not be considered a substitute for the complete financial statements prepared in accordance with GAAP.

Management commentary

“By executing our strategy from the right part, in the right place, at the right time, we were able to deliver our 8e consecutive quarter of year-over-year growth, ”said Lev Beijing, CEO of CarParts.com. “Our vertically integrated business model has proven to be resilient and we are incredibly proud of the tremendous efforts of our team. “

“As we look into the remainder of 2022, we are excited to open two new distribution facilities and are confident in our ability to generate continued revenue growth. “

The Company plans to provide its next financial update when it releases its fourth quarter and full year results. March 2022.

About CarParts.com, Inc.

With over 25 years of experience and over 50 million parts delivered, we’ve streamlined our website and supply network to better serve the way operators get the parts they need. Using the latest technology and design principles, we’ve created an easy-to-use, mobile-friendly shopping experience that, along with our own nationwide distribution network, lowers brick and mortar supply chain costs. and provides quality parts at an affordable price.

CarParts.com is headquartered at Torrance, California.

Safe Harbor Declaration

This press release contains statements which are based on management’s current expectations, estimates and projections regarding the Company’s business and industry, as well as on certain assumptions made by the Company. These statements are forward-looking statements for safe harbor purposes under Section 21E of the Securities Exchange Act of 1934, as amended and Section 27A of the Securities Act of 1933, as amended. Words such as “anticipates”, “could”, “expects”, “intends”, “plans”, “potential”, “believes”, “plans”, “projects”, “research” , “Believes”, “may,” “will”, “would”, “will likely continue” and variations in these words or similar expressions are intended to identify forward-looking statements. These statements include, without limitation, statements regarding our future results of operations and financial condition, our potential growth, our ability to generate continued revenue growth, the opening of new distribution centers and others. statements that are not statements of historical fact. We assume no obligation to publicly revise or update any forward-looking statements for any reason. These statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict. Accordingly, our actual results could differ materially and adversely from those expressed in forward-looking statements due to various factors.

Important factors that can cause such a difference include, but are not limited to, competitive pressures, our reliance on search engines to attract customers, demand for the Company’s products, the online marketplace and the combination of channels for aftermarket auto parts, the economy in general, increases in the prices of commodities and components that would increase the costs of the Company’s products, the operating restrictions in its credit agreement, the terms weather, the impact of customs issues and any other factors discussed in the documents filed by the Company with the Securities and Exchange Commission (the “SEC”), including the risk factors contained in the Company’s annual report on Form 10-K and Quarterly Reports on Form 10-Q, which are available at www.carparts.com/investor and on the SEC website at www.sec .gov. You are urged to carefully consider these factors when evaluating the forward-looking statements in this release and are cautioned not to place undue reliance on such forward-looking statements, which are qualified in their entirety by this cautionary statement. Unless otherwise required by law, the Company expressly disclaims any obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise.

Investor Relations:

Ryan lockwood, CFA
[email protected]

SOURCE CarParts.com, Inc.


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