Advance Auto Parts Inc. (NYSE:AAP) reported a 58% rise in profit to 90 cents per share in the fourth quarter fiscal 2011 ended December 31, 2011 from 57 cents in the comparable quarter ended January 1, 2011. The profit exceeded the Zacks Consensus Estimate by a considerable margin of 16 cents per share. The increase in profit was driven by the company’s aggressive store expansion strategy, enabling better availability of parts to its customers.
Sales in the quarter grew 4.5% to $1.33 billion … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards