Advance Auto Parts Inc.

55.13-1.87 (-3.28%)

Oct 29, 4:00:02 PM EDT · NYSE · AAP · USD

Upcoming Earnings

Report date

Key Stats

Market Cap

3.31B

P/E (TTM)

Basic EPS (TTM)

-10.00

Dividend Yield

0.02%

Recent Filings

8-K

Advance Auto Parts returned to profitability in Q2 2025 with $2.0B net sales, up from a loss last year, and reaffirmed full-year guidance amid strategic optimizations.

8/14/25Aug 14, 2025

Advance Auto Parts, Inc. announced its Q2 2025 financial results, reporting net sales of $2.0 billion, a 7.7% decrease from $2.2 billion in Q2 2024. The company achieved profitability with operating income of $22 million (1.1% of net sales) versus $54 million (2.5%) last year, and diluted EPS of $0.25 compared to $0.51. Adjusted operating income was $61 million (3.0% of net sales), up from $62 million (2.8%) in Q2 2024, with adjusted diluted EPS at $0.69 versus $0.62. The company completed a $1.95 billion senior notes offering and entered a new $1.0 billion asset-based revolving credit facility. Full-year 2025 guidance reaffirmed: net sales $8.4-$8.6 billion, comparable store sales 0.5%-1.5%, adjusted operating margin 2.00%-3.00%, adjusted diluted EPS $1.20-$2.20, capex ~$300 million, and free cash flow $(85)-$(25) million.

10-Q

Q2 FY2025 results

8/14/25Aug 14, 2025

Advance Auto Parts posted Q2 FY2025 net sales of $2.0B, down 7.7% y/y from $2.2B yet with comparable store sales up 0.1%, as store closures under the 2024 Restructuring Plan trimmed the footprint to 4,292 locations. Gross margin slipped to 43.5% from 43.6%, pressured by liquidation sales, while SG&A (ex-restructuring) edged up to 40.9% of sales; operating income fell to $22M from $54M amid $29M in restructuring costs. Diluted EPS from continuing operations held at $0.25, matching last year but down from $0.51, with 60.5M diluted shares; YTD EPS of $0.65 reconciles to $39M net income over 60.3M shares, no anti-dilution flagged. Cash dipped to $1.7B from $1.9B year-end, with operating cash use of $106M and free cash flow negative at $(181)M (derived), but $817M revolver availability cushions liquidity; post-quarter, $1.95B new senior notes bolstered the balance sheet, redeeming $300M 2026 debt. Restructuring wrapped all 500 store closures by Q1, eyeing $35M-$50M more costs by year-end. Tariffs on imports from China and Mexico pose supply chain risks.

8-K

Senior notes issuance completed

8/5/25Aug 5, 2025

Advance Auto Parts completed a $1.95 billion senior notes offering on August 4, 2025, issuing $975 million of 7.000% notes due 2030 and $975 million of 7.375% notes due 2033, netting approximately $1.92 billion. The company will redeem its $300 million 5.90% notes due 2026 on August 7, while directing remaining proceeds to general corporate purposes and bolstering its upcoming $1 billion ABL facility. Notes carry flexible redemption options but restrict secured debt and mergers. This refinancing extends maturities amid higher rates.

8-K

Advance amends credit for notes offering

7/24/25Jul 24, 2025

Advance Auto Parts amended its credit agreement on July 24, 2025, to enable a private offering of senior notes due 2030 and 2033, aiming to refinance existing debt and bolster liquidity amid ongoing restructuring. This move supports the company's supply chain optimization and store footprint adjustments, targeting margin expansion through reduced distribution centers and enhanced merchandising. No specific financial impacts disclosed. Notes issuance strengthens balance sheet flexibility.

8-K

Preliminary Q2 results and debt plans

7/24/25Jul 24, 2025

Advance Auto Parts released preliminary Q2 2025 results on July 24, showing net sales of $1.98 billion to $2.00 billion and flat comparable store sales of 0.0% to +0.1%, with adjusted operating income margin at 2.8% to 3.0%. The company announced proactive debt refinancing, including an asset-backed revolving loan to replace its $1.0 billion facility, aiming to boost liquidity amid macroeconomic pressures. Progress shows in turnaround efforts. Yet risks loom if negotiations falter.

About

Advance Auto Parts, Inc. engages in the provision of automotive aftermarket parts in the United States and internationally. The company offers batteries and battery accessories; belts and hoses; brakes and brake pads; chassis parts; climate control parts; clutches and drive shafts; engines and engine parts; exhaust systems and parts; hub assemblies; ignition components and wire; radiators and cooling parts; starters and alternators; and steering and alignment parts. It also provides air conditioning chemicals and accessories; air fresheners; antifreeze and washer fluid; electrical wire and fuses; electronics; floor mats, seat covers and interior accessories; hand and specialty tools; lighting; performance parts; sealants, adhesives and compounds; tire repair accessories; vent shades, mirrors and exterior accessories; washes, waxes and cleaning supplies; and wiper blades. In addition, the company offers air filters; fuel and oil additives; fuel filters; grease and lubricants; motor oil; oil filters; part cleaners and treatments; and transmission fluid. Further, it provides battery and wiper installation; engine light scanning and checking; electrical system testing, including batteries, starters, and alternators; oil and battery recycling; and loaner tool program services. The company serves professional installers and do-it-yourself customers. It operates stores under the Advance Auto Parts and Carquest names. The company has stores in the United States, Puerto Rico, the U.S. Virgin Islands, and Canada; and independently owned Carquest branded stores in Mexico and the Caribbean Islands. Advance Auto Parts, Inc. was founded in 1929 and is based in Raleigh, North Carolina.

CEO

Mr. Shane M. O'Kelly

IPO

11/29/2001

Website

https://shop.advanceautoparts.com

Employees

33,200

Sector

Consumer Cyclical

Industry

Auto Parts