advance auto parts inc reported fourthquarter results on tuesday before the market opened heres what you need to know profit the automotive parts seller posted a profit of 1067 million or 179 a share compared with 817 million or 130 a share in the same quarter a year ago adj earnings stripping out onetime items adjusted earnings were 288 a share analysts polled by factset had been expecting 241 a share according to factset sales sales for the quarter were 247 billion up from 24 billion in the yearago period and above analyst expectations for 242 billion according to factset prices the company said higher prices along with its focus on inventory drove strong results for the quarter and provided some positive momentum through the end of the year the 32 jump in quarterly sales was primarily driven by strategic pricing along with new store openings and higher prices also helped offset product cost inflation to keep the companys adjusted gross profit margin flat compared with last year costs advance auto parts is still dealing with product cost inflation as well as inflated labor and medical costs which partially offset improvements the company made to its channel mix the expansion of its owned brands and a decrease in its compensation and marketing expenses guidance sales in 2023 are expected to be between 114 billion and 116 billion marking samestore sales growth of between 1 and 3 earnings are expected to be between 1020 and 1120 a share