secwatch.observer — SEC 8-K summary
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Issuer:     ADVANCE AUTO PARTS INC (AAP)
CIK:        0001158449
Form:       8-K
Filed at:   2024-05-29T23:59:59+00:00
Accession:  0001158449-24-000120
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1158449/000115844924000120/0001158449-24-000120-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1158449/000115844924000120/aap-20240529.htm
  HTML page:      https://secwatch.observer/filing/0001158449-24-000120

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer