Highest-materiality recent filing
Advance Auto Parts Q1 comps +3.5%, adjusted op margin 3.8%, reaffirms FY guidance
Q1 net sales $2.6B flat YoY; comparable store sales +3.5% (strongest in 5 years) with mid-single-digit Pro growth.
Advance Auto Parts Q4 adj EPS $0.86; FY25 adj op margin 2.5%; FY26 guidance for 3.8-4.5% margin
Q4 comparable store sales +1.1%; adjusted operating income $73M (3.7% margin) vs loss of $99M a year ago.
Q3 comps +3.0%; adj. op. margin 4.4%; FY25 guidance refined, midpoint reaffirmed
Q3 net sales $2.0B; comparable store sales +3.0% driven by Pro channel.
AAP Q2 adj EPS $0.69 beats $0.62; comps +0.1%; trims FY adj EPS guidance on interest cost
Q2 net sales $2.0B (down from $2.2B); comparable store sales +0.1% YoY.
Advance Auto Parts issues $1.95B in senior notes; refi $300M 2026 notes, new ABL facility
Issued $975M of 7.000% senior notes due 2030 and $975M of 7.375% senior notes due 2033.
Advance Auto Parts launches $1.5B senior notes offering, plans to redeem 2026 notes
Offers $1.5B aggregate senior unsecured notes in two tranches due 2030 and 2033.
Advance Auto Parts Q1 net sales $2.6B, comps -0.6%, reaffirms FY guidance
Net sales $2.6B vs $2.8B YoY; comparable store sales down 0.6% (excl. closing stores).
Advance Auto Parts Q4 operating loss $820M; adjusted diluted EPS loss $1.18 on net sales $2.0B
Q4 net sales $2.0B, down 0.9% YoY; comparable store sales down 1.0%.
Advance Auto Parts EVP & General Counsel Tammy Finley retiring, advisory role through May 2
Tammy M. Finley to retire as EVP, General Counsel and Corporate Secretary; advisory role from March 2 to May 2, 2025.
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.
AAP amends credit agreement: revolver reduced to $1.0B, new covenants
Revolving facility reduced from $1.2B to $1.0B; commitment decreased by $200M.
Advance Auto Parts closes $1.5B sale of Worldpac to Carlyle; net proceeds ~$1.2B
Sale completed Nov 1, 2024 for ~$1.5B in cash; net proceeds estimated at ~$1.2B after taxes and transaction costs.
Advance Auto Parts loses CAO and interim CFO; search for successor underway
Anthony Iskander (SVP Finance, interim CFO) resigns effective Oct 11, 2024; not due to accounting disagreement.
Advance Auto Parts sells Worldpac for $1.5B; Q2 EPS $0.75 vs $1.32 YoY
Net sales $2.7B flat YoY; comparable store sales +0.4%.
Advance Auto Parts sells Worldpac to Carlyle for $1.5B cash; net proceeds ~$1.2B
Sale of Worldpac for $1.5B cash; expected to close in Q4 2024.
Advance Auto Parts discloses data breach exposing SSNs of employees and applicants
Unauthorized activity detected May 23 in third-party cloud database; criminal actor offered data for sale June 4.
Advance Auto Parts corrects FY2024 net sales guidance high end to $11.4B; Q1 EPS $0.67
Q1 net sales $3.4B (-0.3% YoY); comparable store sales -0.2%; diluted EPS $0.67 vs $0.81.
Advance Auto Parts Q1 EPS $0.67, down from $0.81; net sales $3.4B, -0.3% YoY
Diluted EPS $0.67 vs $0.81 in Q1 2023; net sales $3.4B, down 0.3%; comparable store sales -0.2%.
Brent Windom, Gregory Smith, and Thomas Seboldt appointed as independent directors effective March 11, 2024.
Herman L. Word, Jr., Executive Vice President, Professional, Independents and Canada, will be retiring from Advance Auto Parts, Inc. (the 'Company').
On February 12, 2025, Sherice R. Torres informed the Board of Directors (the “Board”) of Advance Auto Parts, Inc. (the “Company”) that she would not be standing for re-election to the Board at the Company’s upcoming annual meeting of shareholders.
Tammy M. Finley, the Company’s Executive Vice President, General Counsel and Corporate Secretary, will be leaving the organization and beginning her retirement.
On September 30, 2024, Anthony A. Iskander, Senior Vice President, Finance and Treasurer, who served as Interim Chief Financial Officer of Advance Auto Parts, Inc. (the “Company”) from August 18, 2023 to November 26, 2023 and assumed the principal accounting officer responsibilities on an interim basis from October 18, 2023 to November 26, 2023, informed the Company of his intent to resign, effective October 11, 2024.
On October 2, 2024, Elizabeth E. Dreyer, the Company’s Senior Vice President, Controller and Chief Accounting Officer informed the Company of her intent to resign and begin retirement.
Effective September 13, 2024, Mr. Word serves as Executive Vice President, Professional, Canada and Independents.
Jason M. Hand, Senior Vice President, U.S. Stores, will take additional responsibility related to store operations, will continue to lead the Company’s regional vice presidents and will now report directly to the Company’s Chief Executive Officer.
each of the New Directors was appointed to the Board effective March 11, 2024.
each of the New Directors was appointed to the Board effective March 11, 2024.
each of the New Directors was appointed to the Board effective March 11, 2024.
Max materiality 0.90 · Median 0.65 · Most common event leadership