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    GENUINE PARTS (GPC)

    Q2 2024 Earnings Summary

    Reported on Jan 4, 2025 (Before Market Open)
    Pre-Earnings Price$138.37Last close (Jul 22, 2024)
    Post-Earnings Price$136.00Open (Jul 23, 2024)
    Price Change
    $-2.37(-1.71%)
    • GPC's European business is growing profitably, with accretive acquisitions in Spain and Portugal performing exceptionally well.
    • Sequential improvements in the U.S. automotive segment, with both company-owned and independent stores benefiting from initiatives, and independent owners committed to growth.
    • Strong market positioning and positive supplier feedback indicate GPC is gaining market share and is well-positioned with its brand strategy.
    • Widespread softness in European markets, including earlier weakness in the UK and France, now more widespread across Germany and Benelux, posing challenges to sales growth.
    • Headwinds in the major account business within the U.S. Automotive segment, due to customer-specific challenges and cautious end consumers leading to elevated levels of deferred maintenance.
    • Consumer trade-down and project deferrals observed, indicating economic headwinds affecting consumer behavior and potentially impacting sales.

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