{"schema_version":"secwatch.filing_event.v1","accession":"0001158449-23-000237","form_type":"8-K","ticker":"AAP","cik":"0001158449","company_name":"ADVANCE AUTO PARTS INC","filed_at":"2023-11-15T23:59:59+00:00","discovered_at":"2026-05-14T18:03:28.356762+00:00","generated_at":"2026-06-08T01:59:16.394920+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Advance Auto Parts Q3 diluted loss $0.82 vs profit $1.92; initiates Worldpac, Canada sale","bullets":["Q3 net sales $2.7B (+2.9% YoY); comparable store sales +1.2%.","Gross margin fell to 36.3% from 44.6% YoY, driven by $119M inventory reserve charge and higher product costs.","Diluted loss per share $(0.82) vs prior-year EPS of $1.92; operating loss $43.7M.","Initiating separate sale processes for Worldpac and Canadian business; Centerview Partners engaged.","FY 2023 diluted EPS guidance cut to $1.40-$1.80 from $4.50-$5.10; operating margin now 1.8%-2.0%."],"urls":{"canonical":"https://secwatch.observer/filing/0001158449-23-000237","json":"https://secwatch.observer/filing/0001158449-23-000237.json","markdown":"https://secwatch.observer/filing/0001158449-23-000237.md","text":"https://secwatch.observer/filing/0001158449-23-000237.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1158449/000115844923000237/0001158449-23-000237-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1158449/000115844923000237/aap-20231115.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-08T01:59:16.394920+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":"ed51a7670e2ffb35e611685f0d398f2fe53c1a91","claim":"ADVANCE AUTO PARTS INC reported third quarter ended October 7, 2023 results: revenue $2.7 billion, EPS $(0.82). Guidance reaffirmed.","evidence_excerpt":"a filing. --- EX-99 (EX-99) --- Advance Auto Parts Reports Third Quarter 2023 Results and Provides Updates on Strategic and Operational Review Q3 Net Sales Increased 2.9% to $2.7 Billion; Comparable Store Sales Increased 1.2% Executing on New $150 Million Cost Reduction Program Initiates Sale Processes for Worldpac and Canadian Business RALEIGH, N.C., November","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1158449/000115844923000237/0001158449-23-000237-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"third quarter ended October 7, 2023"},{"label":"Revenue","value":"$2.7 billion"},{"label":"EPS","value":"$(0.82)"},{"label":"Guidance","value":"reaffirmed"},{"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"}