Advance Auto Parts store closures: What to know as 700 locations are set to shutter by mid-2025 [Yahoo! Finance]
Advance Auto Parts Inc. (AAP)
Last advance auto parts inc. earnings: 2/18 06:30 am
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Source: Yahoo! Finance
Advance Auto Parts is continuing in its plan to shutter hundreds of stores and four distribution centers in 2025, the company said in a Wednesday earnings call after initially announcing the closures in November 2024. In releasing its fourth-quarter report Wednesday , the company reiterated its plans to close approximately 500 corporate stores, 200 independent locations and four distribution centers by mid-2025 as part of a "restructuring plan" initially laid out in 2024. "During 2024, we initiated transformative actions to reposition Advance for long-term success and value creation," said Shane O'Kelly, president and chief executive officer, in a news release Wednesday. The company said it hopes to improve business performance by focusing on "core retail improvements" with hopes of achieving "consistent profitable growth." The plan includes the consolidation of distribution centers to operate 12 large facilities by the end of 2026, the opening of 60 market hub locations by m
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- Advance Auto Parts (NYSE:AAP) had its price target lowered by analysts at Evercore ISI from $58.00 to $56.00. They now have an "in-line" rating on the stock.MarketBeat
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AAP
Earnings
- 10/30/25 - Beat
AAP
Sec Filings
- 12/5/25 - Form 4
- 11/14/25 - Form 4
- 11/14/25 - Form 144
- AAP's page on the SEC website