secwatch.observer — SEC 8-K summary
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Issuer:     ADVANCE AUTO PARTS INC (AAP)
CIK:        0001158449
Form:       8-K
Filed at:   2022-11-15T23:59:59+00:00
Accession:  0001158449-22-000265
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1158449/000115844922000265/0001158449-22-000265-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1158449/000115844922000265/aap-20221115.htm
  HTML page:      https://secwatch.observer/filing/0001158449-22-000265

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