Advance Auto Parts Inc
AAP
ISIN US00751Y1064 / Valor 1331600
Advance Auto Parts Inc
UMushroom community rating:
About company
Advance Auto Parts, Inc. is a prominent provider in the automotive aftermarket parts industry, catering to a broad customer base that includes both professional installers and do-it-yourself enthusiasts. With a significant presence, the company operates stores and Worldpac branches across the United States, Canada, Puerto Rico, and the U.S. Virgin Islands. Beyond its own branded locations, Advance Auto Parts also supports a network of independently owned Carquest stores, extending its reach into Mexico and various Caribbean islands. The company's offerings encompass a wide range of automotive parts, accessories, and services, available both in-store and through its online platform, www.AdvanceAutoParts.com. This platform not only facilitates the retail of automotive components but also provides customer services and employment opportunities, underscoring the company's comprehensive approach to serving the automotive aftermarket sector.
Summarized from source with an LLMView SourceSector: Consumer ServicesLatest Results (04.01.2025):
Net Sales and Comparable Store Sales
Advance Auto Parts Inc. reported net sales from continuing operations of $2.1 billion for the third quarter of 2024, a decrease from $2.2 billion in the same quarter of the previous year. The company also experienced a decline in comparable store sales by 2.3% during this period.
Gross Profit and SG&A Expenses
The company's gross profit for the third quarter of 2024 increased by 11.0% to $907.9 million, representing 42.3% of net sales, compared to 36.9% in the prior year. Selling, General and Administrative (SG&A) expenses were $907.5 million, or 42.2% of net sales, with adjusted SG&A expenses at $891.2 million, or 41.5% of net sales, up from 40.2% in the third quarter of 2023.
Operating Income and Earnings Per Share
Advance Auto Parts Inc. reported an operating income of $403.0 thousand, or zero percent of net sales, for the third quarter of 2024. The adjusted operating income was $16.7 million, or 0.8% of net sales, compared to a negative 3.3% in the same quarter of the previous year. The company's diluted loss per share was $0.42, with an adjusted diluted loss per share of $0.04, an improvement from a loss per share of $1.19 in the third quarter of 2023.
Cash Flow and Dividends
Net cash provided by operating activities was $81.0 million through the third quarter of 2024, compared to $28.3 million of cash used in operating activities in the same period of the prior year. The company declared a regular cash dividend of $0.25 per share, payable on January 24, 2025, to all common stockholders of record as of January 10, 2025.
Strategic Initiatives and Future Guidance
Advance Auto Parts Inc. has introduced new fiscal 2027 financial objectives, targeting an adjusted operating income margin of approximately 7% and a debt leverage ratio of approximately 2.5x. The company also provided preliminary guidance for 2025, with expectations for net sales from continuing operations to be approximately $9 billion and comparable store sales to decrease by around 1.0%.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
2783 M
Market cap (USD)
2,524,055
Daily traded volume (Shares)
46.6 / 43.36
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
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P/E ratio
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EPS (USD)
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Ratings & reviews
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