{"schema_version":"secwatch.filing_event.v1","accession":"0001158449-22-000265","form_type":"8-K","ticker":"AAP","cik":"0001158449","company_name":"ADVANCE AUTO PARTS INC","filed_at":"2022-11-15T23:59:59+00:00","discovered_at":"2026-05-14T18:03:49.764769+00:00","generated_at":"2026-06-21T18:05:56.540967+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Advance Auto Parts Q3 adj EPS $2.84 vs $3.21; cuts FY adj EPS guidance to $12.60-$12.80","bullets":["Net sales $2.6B (+0.8%); comp store sales -0.7% (in line with guided range).","GAAP diluted EPS $1.84 (-31.3%); adjusted diluted EPS $2.84 (-11.5%); FX impact -$0.20.","Adjusted operating income margin 9.8% vs 10.4% YoY (down 68 bps).","FY adj diluted EPS guidance lowered to $12.60-$12.80; free cash flow guidance cut to min $300M.","Declared $1.50/share dividend payable Jan 3, 2023; repurchased $75M in Q3, $1B remaining under buyback."],"urls":{"canonical":"https://secwatch.observer/filing/0001158449-22-000265","json":"https://secwatch.observer/filing/0001158449-22-000265.json","markdown":"https://secwatch.observer/filing/0001158449-22-000265.md","text":"https://secwatch.observer/filing/0001158449-22-000265.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1158449/000115844922000265/0001158449-22-000265-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1158449/000115844922000265/aap-20221115.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-21T18:05:56.540967+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"f93b047897da7e5923939fc9cdde691777705a10","claim":"ADVANCE AUTO PARTS INC reported the third quarter ended October 8, 2022 results: revenue $2.6 billion, EPS $1.84. Guidance reaffirmed.","evidence_excerpt":"Third Quarter 2022 Results (1) • Net sales increased 0.8% to $2.6 billion • Comparable store sales (2) decreased 0.7% • Gross profit decreased 0.2% to $1.2 billion; Adjusted gross profit (3) increased 2.9% to $1.2 billion • Gross profit margin decreased 44 basis points to 44.7% of Net sales; Adjusted gross profit margin (3) increased 98 basis points to 47.2% of Net sales • SG&A increased 5.2% to $1.0 billion; Adjusted SG&A (3) increased 5.4% to $989.3 million • SG&A was 38.0% of Net sales compared with 36.4% of Net sales; Adjusted SG&A (3) was 37.5% of Net sales compared with 35.8% of Net sales • Operating income decreased 22.7% to $177.2 million; Adjusted operating income (3) decreased 5.8% to $258.0 million • Operating income margin was 6.7% of Net sales compared with 8.7% of Net sales; Adjusted operating income margin (3) was 9.8% of Net sales compared with 10.4% of Net sales • Diluted EPS decreased 31.3% to $1.84; Adjusted diluted EPS (3) decreased 11.5% to $2.84","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1158449/000115844922000265/0001158449-22-000265-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the third quarter ended October 8, 2022"},{"label":"Revenue","value":"$2.6 billion"},{"label":"EPS","value":"$1.84"},{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}