Genuine Parts Sees Forex as Headwind in 2022 — Currency Comment - News Summed Up

Genuine Parts Sees Forex as Headwind in 2022 — Currency Comment


By Paulo TrevisaniGenuine Parts Co. said Thursday it expects foreign currency translations to represent a 2% headwind for its full-year 2022 results. The Atlanta auto parts supplier said it expects total sales growth between 9% and 11% this year, including the foreign exchange unfavorable impact. Genuine also said that foreign currency had a negative impact on sales in the fourth quarter of 2021. Sales for the period were reported at $4.8 billion, a 13% increase from a year earlier. Write to Paulo Trevisani at paulo.trevisani@wsj.com(END) Dow Jones NewswiresFebruary 17, 2022 09:15 ET (14:15 GMT)Copyright (c) 2022 Dow Jones & Company, Inc.


Source: Wall Street Journal February 18, 2022 02:20 UTC



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