---
schema_version: "secwatch.filing_event.v1"
accession: "0001158449-23-000201"
form_type: "8-K"
ticker: "AAP"
cik: "0001158449"
company_name: "ADVANCE AUTO PARTS INC"
filed_at: "2023-08-23T23:59:59+00:00"
generated_at: "2026-06-11T04:39:41.486448+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001158449-23-000201
- form_type: 8-K
- ticker: AAP
- cik: 0001158449
- company_name: ADVANCE AUTO PARTS INC
- filed_at: 2023-08-23T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1158449/000115844923000201/0001158449-23-000201-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1158449/000115844923000201/aap-20230823.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001158449-23-000201
- JSON: https://secwatch.observer/filing/0001158449-23-000201.json
- Plain text: https://secwatch.observer/filing/0001158449-23-000201.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1158449/000115844923000201/0001158449-23-000201-index.htm

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