Advance Auto Parts Q4 2023: diluted loss per share $0.59; full year EPS $0.50 vs $7.65; FY2024 EPS guidance $3.75-4.25

ADVANCE AUTO PARTS INC

2023-FY EPS reported $0.50 revenue$11,287,607,000

Q4 net sales $2.5B (-0.4% YoY), comp store sales -1.4%; operating loss $48.6M vs income $119.3M.
Full year 2023 operating income $114.4M (1.0% margin) vs $670.3M (6.0%); EPS $0.50 vs $7.65.
FY2024 guidance: net sales $11.3-11.4B, operating margin 3.2-3.5%, diluted EPS $3.75-4.25.
Corrected non-material errors in prior financials; filed Form 12b-25; expects 10-K before extension deadline.
Entered credit facility amendment for inventory/vendor receivable write-down EBITDA addbacks; updated debt and lien limits.

item 1.01 item 2.02 item 9.01

Key facts

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

ADVANCE AUTO PARTS INC amended Amendment No. 4 to the Credit Agreement dated November 9, 2021 with Bank of America, N.A., as administrative agent (effective 2024-02-26).

Action: amendment
Agreement: credit facility
Counterparty: Bank of America, N.A., as administrative agent
Effective: 2024-02-26

Exact text from the filing

On February 26, 2024, we entered into Amendment No. 4 to the Credit Agreement dated November 9, 2021, with Advance Auto Parts, Inc., as Borrower, Advance Stores Company, Incorporated, as a Guarantor, the lenders party thereto, and Bank of America, N.A., as administrative agent (the "2021 Credit Agreement")

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Source: SEC EDGAR

accession 0001158449-24-000028

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