---
schema_version: "secwatch.filing_event.v1"
accession: "0001158449-24-000124"
form_type: "8-K/A"
ticker: "AAP"
cik: "0001158449"
company_name: "ADVANCE AUTO PARTS INC"
filed_at: "2024-05-29T23:59:59+00:00"
generated_at: "2026-06-01T07:36:29.411275+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Advance Auto Parts corrects FY2024 net sales guidance high end to $11.4B; Q1 EPS $0.67

## Summary
- Q1 net sales $3.4B (-0.3% YoY); comparable store sales -0.2%; diluted EPS $0.67 vs $0.81.
- Gross margin down 82bps to 42.0%; SG&A improved to 39.4% from 39.9% on cost controls.
- Full year 2024 guidance corrected: net sales high end lowered to $11.4B (from $11.5B); EPS $3.75-$4.25.
- Free cash flow improved to -$46.3M vs -$472.5M; operating cash flow $2.7M vs -$382.5M.
- Dividend declared $0.25/share, payable July 26; progressing on Worldpac sale and supply chain consolidation.

## SEC filing metadata
- accession: 0001158449-24-000124
- form_type: 8-K/A
- ticker: AAP
- cik: 0001158449
- company_name: ADVANCE AUTO PARTS INC
- filed_at: 2024-05-29T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- 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/1158449/000115844924000124/0001158449-24-000124-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1158449/000115844924000124/aap-20240529.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001158449-24-000124
- JSON: https://secwatch.observer/filing/0001158449-24-000124.json
- Plain text: https://secwatch.observer/filing/0001158449-24-000124.txt

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