M&A
confidence high
sentiment negative
materiality 0.90
Advance Auto Parts sells Worldpac for $1.5B; Q2 EPS $0.75 vs $1.32 YoY
ADVANCE AUTO PARTS INC
- Net sales $2.7B flat YoY; comparable store sales +0.4%.
- GAAP diluted EPS $0.75 vs $1.32 in Q2 2023; operating margin fell to 2.7% from 4.7%.
- Announced sale of Worldpac for $1.5B to sharpen focus on Advance blended box.
- Full-year 2024 guidance: net sales $11.15B-$11.25B, diluted EPS $2.00-$2.50.
- Regular quarterly dividend of $0.25 per share declared; payable Oct 25, 2024.