Q1 2021 Carparts.Com Inc Earnings Call Transcript
Good day, and thank you for standing by. Welcome to the CarParts First Quarter 2021 Earnings Conference Call. (Operator Instructions) Please be advised that today's conference is being recorded. (Operator Instructions)
I would now like to hand the conference over to your speaker today, Lev Peker, CEO. Please go ahead.
Thank you, operator, and good afternoon, everyone. During the quarter, we saw robust sales that reinforced our confidence in achieving our long-term goal of 20% to 25% compounded top line growth. For new investors, we encourage you reviewing our investor deck available on our Investor Relations page at CarParts.com.
Revenues and gross profits for the quarter were up 65% compared to last year as we set another record in both. We're excited about our future as the fastest-growing retailer in the sector and the best-positioned company to disrupt the auto parts industry with our 2-step direct-to-consumer model. Our focus remains on our mission of helping people get back on the road
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