Advance Auto Parts Earnings Reports

Advance Auto Parts saw a year-over-year revenue drop but delivered better-than-expected profitability and net income. The company continued progress on its strategic turnaround, driven by strong Pro performance, while managing impacts from store closures.

Advance Auto Parts reported net sales of $2.1 billion, a decrease compared to the prior year. Comparable store sales decreased by 2.3%. The company's gross profit increased, but operating income was minimal. The company is implementing a new three-year financial plan focused on core retail fundamentals.

Advance Auto Parts reported flat net sales of $2.7 billion compared to the prior year, with a comparable store sales increase of 0.4%. Gross profit decreased by 2.3% to $1.1 billion, and diluted EPS was $0.75, down from $1.32 in the second quarter of the previous year. The company announced the sale of Worldpac for $1.5 billion to strengthen the balance sheet and streamline focus.

Advance Auto Parts reported a slight decrease in net sales and comparable store sales for Q1 2024. The company is focused on streamlining operations and reducing costs.

Advance Auto Parts reported a decrease in net sales and comparable store sales for the fourth quarter of 2023. The company experienced a significant decrease in gross profit and an operating loss, driven by business performance, inventory-related items, and elevated supply chain costs. Leadership changes and cost reduction initiatives are underway to improve performance.

Advance Auto Parts reported a 2.9% increase in net sales to $2.7 billion for Q3 2023. Comparable store sales increased by 1.2%. The company is initiating sale processes for Worldpac and its Canadian business and launching a new cost reduction program.

Advance Auto Parts reported a 0.8% increase in net sales to $2.7 billion, driven by new store openings, but comparable store sales decreased by 0.6%. Operating income was $134.4 million, or 5.0% of net sales, and diluted EPS was $1.43. The company has initiated a comprehensive operational and strategic review.

Advance Auto Parts reported a 1.3% increase in net sales to $3.4 billion for Q1 2023, but comparable store sales decreased by 0.4%. Operating income was $90.0 million, with a margin of 2.6%. Due to challenging first quarter results, the company has reduced its full-year guidance and cut its quarterly dividend.

Advance Auto Parts reported a 3.2% increase in net sales to $2.5 billion and a 2.1% increase in comparable store sales for the fourth quarter of 2022. The company's GAAP diluted EPS increased 37.7% to $1.79, and adjusted diluted EPS increased 39.1% to $2.88. The company is taking decisive actions to improve performance in 2023, focusing on inventory availability and leveraging its asset base.

Advance Auto Parts reported a 0.8% increase in net sales to $2.6 billion, driven by strategic pricing and new store openings. However, comparable store sales decreased by 0.7%. The company reiterates its full-year guidance for net sales growth, comparable store sales, and adjusted operating income margin expansion.

Advance Auto Parts reported a 0.6% increase in net sales to $2.7 billion, driven by growth in the professional business, while comparable store sales decreased by 0.6%. Adjusted operating income margin expanded to 11.7%, the highest in seven years, contributing to a record adjusted diluted EPS of $3.74. The company returned $291 million to shareholders through share repurchases and dividends.

Advance Auto Parts reported a 1.3% increase in net sales, reaching $3.4 billion. Comparable store sales increased by 0.6%. The company returned over $400 million to shareholders through dividends and share repurchases and reaffirmed its full-year 2022 guidance.

Advance Auto Parts reported a 1.3% increase in net sales to $2.4 billion for the fourth quarter of 2021. Comparable store sales growth was 8.2%. The company's adjusted diluted EPS was $2.07, an increase of 35.4% compared to the prior year. The company is introducing full year 2022 guidance.

Advance Auto Parts reported a 3.1% increase in net sales to $2.6 billion and a 3.1% increase in comparable store sales. Diluted EPS increased 25.8% to $2.68, and adjusted diluted EPS increased 21.6% to $3.21.

Advance Auto Parts reported a 5.9% increase in net sales to $2.6 billion, with comparable store sales up by 5.8%. Adjusted diluted EPS increased by 15.3% to $3.40. The company returned $457.9 million to shareholders through share repurchases and dividends.

Advance Auto Parts reported a net sales increase of 23.4% to $3.3 billion and a comparable store sales increase of 24.7%. The company's diluted EPS increased by 346.0% to $2.81, and adjusted diluted EPS increased by 234.0% to $3.34. They returned $204 million to shareholders through share repurchases and dividends and the board approved an additional $1 billion share repurchase authorization.

Advance Auto Parts reported a strong fourth quarter and full year 2020, with net sales reaching $2.4 billion for the quarter, a 12.0% increase, and comparable store sales increasing by 4.7%. Diluted EPS increased by 19.6% to $1.65, and adjusted diluted EPS increased by 14.0% to $1.87, including a $0.22 impact from COVID-19. The company also crossed $10B in annual net sales for the first time ever.

Advance Auto Parts reported a strong Q3 2020 with net sales increasing by 9.9% to $2.5 billion and comparable store sales up by 10.2%. The company saw improvements in operating income margin and adjusted diluted EPS.

Advance Auto Parts reported a strong second quarter with net sales of $2.5 billion, a 7.3% increase year-over-year, and comparable store sales increased by 7.5%. The company's operating income margin increased by 319 basis points, and diluted EPS increased by 58.4% to $2.74.

Advance Auto Parts reported a decrease in net sales and comparable store sales for the first quarter of 2020, primarily due to the impact of COVID-19. Despite the challenges, the company focused on protecting P&L, preserving cash, and increasing liquidity.

Advance Auto Parts reported Q4 2019 results with net sales increasing 0.4% to $2.1 billion and comparable store sales increasing 0.1%. Diluted EPS increased 86.5% to $1.38, and adjusted diluted EPS increased 40.2% to $1.64.