---
schema_version: "secwatch.filing_event.v1"
accession: "0001158449-24-000028"
form_type: "8-K"
ticker: "AAP"
cik: "0001158449"
company_name: "ADVANCE AUTO PARTS INC"
filed_at: "2024-02-28T23:59:59+00:00"
generated_at: "2026-06-05T08:07:04.574647+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# 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

## Summary
- 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.

## SEC filing metadata
- accession: 0001158449-24-000028
- form_type: 8-K
- ticker: AAP
- cik: 0001158449
- company_name: ADVANCE AUTO PARTS INC
- filed_at: 2024-02-28T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1158449/000115844924000028/0001158449-24-000028-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1158449/000115844924000028/aap-20240228.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001158449-24-000028
- JSON: https://secwatch.observer/filing/0001158449-24-000028.json
- Plain text: https://secwatch.observer/filing/0001158449-24-000028.txt

## Key facts
- Material Agreements
  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
  source text: 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")
  evidence_url: https://www.sec.gov/Archives/edgar/data/1158449/000115844924000028/0001158449-24-000028-index.htm

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