earnings
confidence high
sentiment positive
materiality 0.75
Advance Auto Parts Q1 comps +3.5%, adjusted op margin 3.8%, reaffirms FY guidance
ADVANCE AUTO PARTS INC
- Q1 net sales $2.6B flat YoY; comparable store sales +3.5% (strongest in 5 years) with mid-single-digit Pro growth.
- Adjusted operating income margin expanded 410 bps to 3.8% from (0.3)% adjusted loss in Q1'25.
- Adjusted diluted EPS of $0.77 vs. adjusted loss of $(0.22) in Q1'25; GAAP EPS $0.39 vs $0.40.
- Reaffirmed FY 2026 guidance: net sales $8.485B–$8.575B, comps +1%–2%, adjusted EPS $2.40–$3.10.
- Declared regular cash dividend $0.25/share, payable July 24, 2026 to holders of record July 10, 2026.