{"schema_version":"secwatch.filing_event.v1","accession":"0001158449-23-000136","form_type":"8-K","ticker":"AAP","cik":"0001158449","company_name":"ADVANCE AUTO PARTS INC","filed_at":"2023-05-31T23:59:59+00:00","discovered_at":"2026-05-14T18:03:38.076065+00:00","generated_at":"2026-06-14T10:11:43.485939+00:00","sec_items":["2.02","8.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"Advance Auto Parts Q1 EPS $0.72 vs $2.26; cuts FY guidance and dividend","bullets":["Q1 net sales $3.4B (+1.3%), comp store sales -0.4%; operating margin 2.6% (down from 6.0%).","Diluted EPS $0.72 vs $2.26 YoY; free cash flow outflow $468.9M vs $169.8M.","FY2023 guidance cut: net sales $11.2-11.3B, EPS $6.00-6.50, operating margin 5.0-5.3%.","Quarterly dividend reduced to $0.25 per share; payable July 28 to holders of record July 14.","Board appoints independent Chair Gene Lee as Interim Executive Chair to oversee CEO transition."],"urls":{"canonical":"https://secwatch.observer/filing/0001158449-23-000136","json":"https://secwatch.observer/filing/0001158449-23-000136.json","markdown":"https://secwatch.observer/filing/0001158449-23-000136.md","text":"https://secwatch.observer/filing/0001158449-23-000136.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1158449/000115844923000136/0001158449-23-000136-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1158449/000115844923000136/aap-20230524.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-14T10:11:43.485939+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":"003de7ecd23fa39f9bda14cd045d8cce08fbca1f","claim":"ADVANCE AUTO PARTS INC reported full year 2023 results: revenue $11,200 $11,300, EPS $6.00 $6.50. Guidance lowered.","evidence_excerpt":"Prior FY 2023 Outlook Updated FY 2023 Outlook As of February 28, 2023 As of May 31, 2023 ($ in millions, except per share data) Low High Low High Net sales $ 11,400 $ 11,600 $ 11,200 $ 11,300 Comparable store sales (1) 1.0 % 3.0 % (1.0) % 0.0 % Operating income margin 7.8 % 8.2 % 5.0 % 5.3 % Income tax rate 24.0 % 25.0 % 24.0 % 25.0 % Diluted EPS $ 10.20 $","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1158449/000115844923000136/0001158449-23-000136-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"full year 2023"},{"label":"Revenue","value":"$11,200 $11,300"},{"label":"EPS","value":"$6.00 $6.50"},{"label":"Guidance","value":"lowered"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"},{"claim_id":"dac5b3503f813f43706e78a65b9b167ef07e0174","claim":"ADVANCE AUTO PARTS INC reported its first quarter ended April 22, 2023 results: revenue $3.4 billion, EPS $0.72. Guidance lowered.","evidence_excerpt":"Advance Auto Parts Reports First Quarter 2023 Results Q1 Net Sales Increased 1.3% to $3.4 Billion; Comparable Store Sales Decreased 0.4% Operating Income of $90.0 Million; Operating Income Margin of 2.6% RALEIGH, N.C., May 31, 2023 - Advance Auto Parts, Inc. (NYSE: AAP), a leading automotive aftermarket parts provider in North America, that serves both professional installer and do-it-yourself customers, announced its financial results for the first quarter ended April 22, 2023.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1158449/000115844923000136/0001158449-23-000136-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"its first quarter ended April 22, 2023"},{"label":"Revenue","value":"$3.4 billion"},{"label":"EPS","value":"$0.72"},{"label":"Guidance","value":"lowered"},{"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"}