{"schema_version":"secwatch.filing_event.v1","accession":"0001158449-24-000236","form_type":"8-K","ticker":"AAP","cik":"0001158449","company_name":"ADVANCE AUTO PARTS INC","filed_at":"2024-11-14T23:59:59+00:00","discovered_at":"2026-05-14T18:03:07.806781+00:00","generated_at":"2026-05-30T00:16:52.651194+00:00","sec_items":["2.02","2.05","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Advance Auto Parts Q3 loss $0.42 EPS; announces closure of ~500 stores, 200 independent sites, 4 DCs by mid-2025","bullets":["Q3 net sales $2.1B (down from $2.2B YoY, comp store sales -2.3%); diluted loss per share $0.42; adjusted loss $0.04.","Gross margin 42.3% (vs 36.9% YoY) driven by lapping inventory reserve change and stabilizing product costs.","Board approved restructuring: close ~500 corporate stores, ~200 independent locations, 4 DCs by mid-2025; estimated total costs $350M-$750M.","Completed sale of Worldpac for ~$1.5B cash on Nov 1, 2024.","New FY2027 targets: ~7% adjusted operating margin, ~2.5x debt leverage; dividend maintained at $0.25/share payable Jan 24, 2025."],"urls":{"canonical":"https://secwatch.observer/filing/0001158449-24-000236","json":"https://secwatch.observer/filing/0001158449-24-000236.json","markdown":"https://secwatch.observer/filing/0001158449-24-000236.md","text":"https://secwatch.observer/filing/0001158449-24-000236.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1158449/000115844924000236/0001158449-24-000236-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1158449/000115844924000236/aap-20241113.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-30T00:16:52.651194+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}