Advance Auto Parts Inc (AAP) Q3 2024 Earnings Call Highlights: Strategic Moves Amidst Sales ... [Yahoo! Finance]
Advance Auto Parts Inc. (AAP)
Last advance auto parts inc. earnings: 2/18 06:30 am
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US:NYSE Investor Relations:
phx.corporate-ir.net/phoenix.zhtml?c=130560&p=irol-irhome
Company Research
Source: Yahoo! Finance
Gross Profit: $908 million or 42.3% of net sales, an improvement of approximately 540 basis points over the prior year. Adjusted SG&A: $891 million, flat year over year, with a 130-basis point deleverage attributed to lower sales. Adjusted Operating Income: $16.7 million, 80 basis points as a percent of net sales. Adjusted Diluted Loss Per Share: $0.04 compared with a loss of $1.19 per share in the prior year. Comparable Sales Growth: Pro comp was positive on a two-year basis, with DIY and Pro channels declining in the low single-digit range. Store Closures: Plan to close more than 500 Advance stores and exit relationships with over 200 independent locations. Operating Margin Goal: Targeting approximately 7% adjusted operating margin by year-end 2027. Cash Position: Approximately $2 billion in cash following the sale of Worldpac. Capital Expenditures: Expected to be between $175 million to $225 million for the full year 2024. Warning! GuruFocus has detected 7 Warnin
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News
- Advance Auto Parts to close hundreds of stores, shut down West Coast operations [Yahoo! Finance]Yahoo! Finance
- Advance Auto Parts to close hundreds of stores, shut down West Coast operations [Los Angeles Times (CA)]Los Angeles Times
- More layoffs hit freight-related companies across US [Yahoo! Finance]Yahoo! Finance
- Bay Area stores among Advance Auto Parts closures: WARN notices [Yahoo! Finance]Yahoo! Finance
- Advance Auto Parts issues 'employee separations,' distribution center to close March 2025 [Yahoo! Finance]Yahoo! Finance
AAP
Earnings
- 11/14/24 - Miss
AAP
Sec Filings
- 11/21/24 - Form 4
- 11/19/24 - Form 4
- 11/14/24 - Form 10-Q
- AAP's page on the SEC website