---
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"
generated_at: "2026-06-21T18:05:56.540967+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Advance Auto Parts Q3 adj EPS $2.84 vs $3.21; cuts FY adj EPS guidance to $12.60-$12.80

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001158449-22-000265
- JSON: https://secwatch.observer/filing/0001158449-22-000265.json
- Plain text: https://secwatch.observer/filing/0001158449-22-000265.txt

## Key facts
- Earnings Releases
  ADVANCE AUTO PARTS INC reported the third quarter ended October 8, 2022 results: revenue $2.6 billion, EPS $1.84. Guidance reaffirmed.
  - Period: the third quarter ended October 8, 2022
  - Revenue: $2.6 billion
  - EPS: $1.84
  - Guidance: reaffirmed
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1158449/000115844922000265/0001158449-22-000265-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.