CARSON, Calif. – U.S. Auto Parts Network has reported net sales for the fourth quarter ended Dec. 28, 2013, of $59.7 million compared with net sales of $62.8 million for the fourth quarter ended Dec. 29, 2012, a decrease of 5 percent. During the same period, net sales channels, excluding websites eliminated in 2013, increased by 2.7 percent.
Fourth quarter 2013 net loss was $1.3 million or 4 cents per share, compared with fourth quarter 2012 net loss of $30.8 million or 99 cents per share.
For the fiscal year ended Dec. 28, 2013, the company generated net sales of $254.8 million compared with net sales of $304 million for the fiscal year ended Dec. 29, 2012, a decrease of 16.2 percent. During the same period, net sales channels, excluding websites eliminated in 2013, declined by 8.5 percent. The net loss for fiscal year 2013 was $15.6 million, or 48 cents per share, compared to $36 million, or $1.17 per share, for fiscal year 2012.
"We are pleased with the improved sales trends and gross margin expansion realized during the fourth quarter. We are excited to see our strategies take hold and the business improve," said CEO Shane Evangelist.
