secwatch.observer — SEC 8-K summary
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Issuer:     ADVANCE AUTO PARTS INC (AAP)
CIK:        0001158449
Form:       8-K
Filed at:   2023-08-23T23:59:59+00:00
Accession:  0001158449-23-000201
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1158449/000115844923000201/0001158449-23-000201-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1158449/000115844923000201/aap-20230823.htm
  HTML page:      https://secwatch.observer/filing/0001158449-23-000201

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