AAP
Advance Auto Parts, Inc.44.07
-1.39-3.06%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Reaffirms outlook; vendors enthusiastic
Q&A largely reaffirmed prepared remarks on 2026's 1-2% comps, 3.8-4.5% margins, and $100M free cash flow, while executives touted vendor relations as the best ever and supply chain financing as stable at 2.4-2.6x leverage. Lower inflation versus peers stemmed from prior price investments and tariff negotiations, with rational pricing confirmed via AI tools. No further store closures eyed; Pro comps remained positive even netting transfer sales from optimizations. DIY transaction pressure persists amid macro softness, but ARGOS oil and loyalty upgrades target gains. Vendor ties strongest yet. Watch DIY traction for sustained momentum.
Key Stats
Market Cap
2.65BP/E (TTM)
-Basic EPS (TTM)
-10.22Dividend Yield
0.02%Recent Filings
8-K
Jamison joins AAP board
Advance Auto Parts appointed Cynthia T. Jamison as independent director on March 9, 2026. Jamison brings deep retail CFO and board experience from Darden Restaurants, Tractor Supply, and Big Lots. Her governance expertise bolsters leadership amid operational initiatives. No committee assignment yet.
8-K
AAP earnings rebound, guides higher
Advance Auto Parts posted FY25 adjusted operating income margin of 2.5%, up over 200 basis points, with comp sales up 0.8% despite 522 store closures. Q4 swung to adjusted operating income of $73M from prior loss. 2026 guidance targets 1-2% comp growth, 3.8-4.5% margin. Restructuring drags cash flow.
10-K
FY2025 results
Advance Auto Parts slashed net sales 5.4% to $8.6B in FY2025 ended January 3, 2026 (53 weeks), hammered by 522 store closures under the 2024 Restructuring Plan that wrapped in Q1, yet comparable store sales ticked up 0.8% with Q4 momentum from the extra week. Gross margins rocketed 592bps to 43.4% after FY2024's $431M inventory charges evaporated, flipping operating loss to just $43M from $713M while SG&A ex-restructuring dipped to 41.5%. Q4 finalized Worldpac sale proceeds at $1.44B net, bulked cash to $3.1B, and issued $1.95B notes at 7-7.375% to redeem 2026 debt, leaving $3.5B total debt and $896M ABL availability. No buybacks; $60M dividends paid. Restructuring tails $30-40M more in FY2026 lease costs. Supply chain snarls from vendor bankruptcies risk Q4 momentum.
8-K
Appoints retail veteran Johnson
Advance Auto Parts appointed Richard A. Johnson, retired Foot Locker CEO with nearly 30 years in retail, to its board effective January 12, 2026; he joins the Compensation Committee. Johnson brings proven leadership in operations and customer service to bolster the company's strategic plan. Board chair Gene Lee calls him an exceptional addition. No special arrangements disclosed.
8-K
Q3 sales dip, comps up 3%
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