secwatch.observer — SEC 8-K summary
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Issuer:     ADVANCE AUTO PARTS INC (AAP)
CIK:        0001158449
Form:       8-K/A
Filed at:   2024-05-29T23:59:59+00:00
Accession:  0001158449-24-000124
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1158449/000115844924000124/0001158449-24-000124-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1158449/000115844924000124/aap-20240529.htm
  HTML page:      https://secwatch.observer/filing/0001158449-24-000124

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