Advance Auto Parts Q2 EPS $1.43 vs $2.38 YoY; cuts FY2023 guidance to $4.50-$5.10

ADVANCE AUTO PARTS INC

2023-Q2 EPS reported $2.15 revenue$6,103,659,000

Net sales $2.7B (+0.8%); comp store sales -0.6%; operating income margin 5.0% vs 7.6% prior year.
Diluted EPS $1.43 vs $2.38 YoY; net cash used in operations $164.6M vs $308.5M provided.
FY2023 guidance cut: EPS now $4.50-$5.10 (prior $6.00-$6.50); operating margin 4.0%-4.3%.
Initiated comprehensive operational and strategic review; Shane O'Kelly named next CEO.
Regular dividend $0.25/share declared; payable Oct 27, 2023, record Oct 13, 2023.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

ADVANCE AUTO PARTS INC reported second quarter ended July 15, 2023 results: revenue $2.7 billion, EPS $1.43.

Period: second quarter ended July 15, 2023
Revenue: $2.7 billion
EPS: $1.43
Result: reported results

Exact text from the filing

be expressly set forth by specific reference in such a filing. --- EX-99.1 (EX-99.1) --- Advance Auto Parts Reports Second Quarter 2023 Results Q2 Net Sales Increased 0.8% to $2.7 Billion; Comparable Store Sales Decreased 0.6% Operating Income of $134.4 Million; Operating Income Margin of 5.0% Separately Announces Leadership Appointments Initiated Comprehensive

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ADVANCE AUTO PARTS INC filing history →

Source: SEC EDGAR

accession 0001158449-23-000201

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