---
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"
generated_at: "2026-05-30T00:16:52.651194+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Advance Auto Parts Q3 loss $0.42 EPS; announces closure of ~500 stores, 200 independent sites, 4 DCs by mid-2025

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 2.05, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001158449-24-000236
- JSON: https://secwatch.observer/filing/0001158449-24-000236.json
- Plain text: https://secwatch.observer/filing/0001158449-24-000236.txt

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