CarParts.com reports Q4 2024 earnings performance

was included in our recent announcements. David Meniane then provided an update on the company's financial performance for the fourth quarter and the entire fiscal year of 2024. CarParts.com reported an increase in revenue compared to the previous year. This growth was attributed to stronger online sales and improved customer engagement. Ryan Lockwood, the Chief Financial Officer, discussed the company's expenses. He highlighted that costs rose due to investments in technology and logistics, which aim to enhance customer service and delivery speeds. He stressed the importance of these improvements for future growth. Tina Mirfarsi later provided details about upcoming initiatives. The company plans to expand its product offerings and enhance its website for a better shopping experience. They are focused on becoming a leading online retailer in the auto parts industry. CarParts.com remains optimistic about the future, expecting further revenue growth and improved profitability in the next fiscal year. Investors were reminded to review the company's reports filed with the SEC for more details on its financial health and strategic plans.