RAY’S AUTOMO PARTS CLARK’S Auto Parts CLARKS AUTO PARS,LITTLE ROCK, ARIZONA–(Marketwired – Aug. 23, 2017) – Today, the leading auto parts retailer in the United States and Canada announced its latest quarterly results and the company’s outlook for the coming year.
“Our goal is to keep consumers and dealers happy with the quality and performance of our auto parts,” said Dave Kestler, president of the U.S. and Canada.
“We are also excited about our continued growth in North America and Asia.
We continue to invest in technology and research that will help us deliver better products for our customers.”
The company said it expects its U.K. retail sales to grow by 5% to 7% annually and its North American sales to expand by 12% to 20% annually.
The company also expects a 6% increase in its U:C.
retail and a 7% increase from its international operations.
In North America, sales are expected to increase by 5%, while in Asia they are expected by 7%.
The company’s overall outlook for 2017 is $2.2 billion to $2,4 billion, or $1.9 to $1,766 per share.
For 2018, the company expects its retail sales growth to be between 1% and 1.5%.
In North and Latin America, the U:S.
company expects a 7.5% and 7.9% growth, respectively, while in Europe the company is projecting a 7%.
In the Middle East and Africa, the forecast is for a 6.5%, 7.1% and 5.3% growth.
The company also said that its business in Asia is growing at an average annual rate of more than 6%.
The increase is driven by a 6%-plus increase in revenue from China, which is expected to reach $5.5 billion in 2017.
The auto parts company also added that its automotive sales in 2018 are expected at an annual rate above $1 billion.
It said its global automotive sales are also expected to surpass $1 trillion by the end of 2018.