secwatch.observer — SEC 8-K summary
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Issuer:     ADVANCE AUTO PARTS INC (AAP)
CIK:        0001158449
Form:       8-K
Filed at:   2024-02-28T23:59:59+00:00
Accession:  0001158449-24-000028
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 1.01, 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1158449/000115844924000028/0001158449-24-000028-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1158449/000115844924000028/aap-20240228.htm
  HTML page:      https://secwatch.observer/filing/0001158449-24-000028

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