Advance Auto Parts Inc. has reported its 2016 first half net sales and income are down compared to its year-to-date 2015 financial results.

This year the company reported its net sales for 2016 were $5.23 billion compared to last year’s $5.4 billion and its gross profit was also down to $2.87 billion compared to $2.92 billion in 2015.

Additionally, Advance Auto Parts reported its net income was down to $283.4 million from $298.1 million in 2015.

“I continue to be energized by the immense opportunity for improvement,” said Tom Greco, Advance Auto Parts CEO. “The actions we need to take are well within our control and we are focused on building the right foundation for the long term. We are hard at work constructing a comprehensive strategic plan, which will help us reliably and consistently deliver industry leading performance and unparalleled customer service going forward. We remain confident in our business, our people and the opportunity that lies ahead to create long-term value.”