secwatch.observer — SEC 8-K summary
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Issuer:     ADVANCE AUTO PARTS INC (AAP)
CIK:        0001158449
Form:       8-K
Filed at:   2022-08-23T23:59:59+00:00
Accession:  0001158449-22-000229
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Advance Auto Parts Q2 adj. EPS $3.74 (+10%) but comp sales -0.6%; lowers FY guidance
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- Net sales of $2.7B (+0.6% YoY); comparable store sales fell 0.6% due to DIY omnichannel pressure.
- GAAP diluted EPS $2.38 (-13.1%); adjusted diluted EPS $3.74 (+10.0%).
- Adjusted operating income margin 11.7%, a 7-year high, up 34 bps YoY.
- Lowered FY 2022 guidance: net sales $11.0-11.2B (prev. $11.2-11.5B), adj. EPS $12.75-13.25 (prev. $13.30-13.85).
- Returned $291M to shareholders via buybacks and dividends; $1.1B remaining under buyback program.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1158449/000115844922000229/0001158449-22-000229-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1158449/000115844922000229/aap-20220823.htm
  HTML page:      https://secwatch.observer/filing/0001158449-22-000229

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer