---
schema_version: "secwatch.filing_event.v1"
accession: "0001158449-24-000120"
form_type: "8-K"
ticker: "AAP"
cik: "0001158449"
company_name: "ADVANCE AUTO PARTS INC"
filed_at: "2024-05-29T23:59:59+00:00"
generated_at: "2026-06-01T07:36:28.088065+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Advance Auto Parts Q1 EPS $0.67, down from $0.81; net sales $3.4B, -0.3% YoY

## Summary
- Diluted EPS $0.67 vs $0.81 in Q1 2023; net sales $3.4B, down 0.3%; comparable store sales -0.2%.
- Gross margin 42.0%, down 82 bps; operating income $86M (2.5% margin) vs 2.9% prior year.
- SG&A improved to 39.4% from 39.9% on cost control; free cash flow outflow $46.3M vs -$472.5M.
- FY2024 guidance: net sales $11.3-11.5B, diluted EPS $3.75-4.25, comps 0-1%, capex $200-250M.
- Declared $0.25 dividend; progressing Worldpac sale and DC conversions.

## SEC filing metadata
- accession: 0001158449-24-000120
- form_type: 8-K
- ticker: AAP
- cik: 0001158449
- company_name: ADVANCE AUTO PARTS INC
- filed_at: 2024-05-29T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1158449/000115844924000120/0001158449-24-000120-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1158449/000115844924000120/aap-20240529.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001158449-24-000120
- JSON: https://secwatch.observer/filing/0001158449-24-000120.json
- Plain text: https://secwatch.observer/filing/0001158449-24-000120.txt

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