An exterior view of the Advance Auto Parts store at the Sunbury Plaza, Sunbury, Pennsylvania.Dan Loeb's Third Point and activist Saddle Point have a stake in Advance Auto Parts and reached a settlement with the company that will give the activists three board seats, the company confirmed on Monday.The size of the stake was not immediately clear, but a person familiar with the matter said that Third Point built it earlier this year.Advance Auto Parts shares rose 3.7% after the Wall Street Journal reported th ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________________ FORM 10-K ________________________________________________ ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 30, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________. Commission file number 001-16797 ________________________ ADVANCE AUTO PARTS, INC ...

FG Trade Advance Auto Parts, Inc. (NYSE:AAP) recently delivered beneficial guidance for 2024 and continues to report transformation efforts that may bring FCF margin growth. Taking into account the potential sale of Worldpac and the Canadian business, which may enhance the balance sheet, I believe that AAP is a must-follow stock. There are risks from supply chain issues and the total amount of debt. With that, I believe that Advance Auto does look like a buy at its current market price. Advance Auto Parts: ...

Advance Auto Parts, Inc. (AAP) incurred an adjusted loss of 59 cents per share for fourth-quarter 2023 against an adjusted earnings of $2.88 in the year-ago quarter. The reported figure was also in contrast to the Zacks Consensus Estimate of earnings of 24 cents per share.Advance Auto generated net revenues of $2.46 billion, which missed the Zacks Consensus Estimate of $2.47 billion on lower-than-expected comparable store sales. Comparable store sales decreased 1.4% year over year. We projected a decline of ...

Key TakeawaysAdvance Auto Parts predicted better-than-expected full-year profit, news that sent shares of the auto parts retailer higher. The company posted a surprise quarterly loss, but it cut costs and looked to have "greater discipline and accountability."Shares of rival AutoZone hit an all-time high Tuesday after reporting earnings and revenue that exceeded forecasts.Advance Auto Parts (AAP) posted a surprise fourth-quarter loss, but its earnings outlook sent shares higher on Wednesday.The auto parts r ...

Advance Auto Parts, Inc. (NYSE:AAP) Q4 2023 Earnings Conference Call February 28, 2024 8:00 AM ET Company Participants Elisabeth Eisleben - Senior Vice President, Communications and Investor Relations Shane O'Kelly - President and Chief Executive Officer Ryan Grimsland - Executive Vice President and Chief Financial Officer Conference Call Participants Chris Horvers - JPMorgan Michael Lasser - UBS Simeon Gutman - Morgan Stanley Greg Melich - Evercore ISI Bret Jordan - Jefferies Steven Forbes - Guggenheim Par ...

Advance Auto Parts (NYSE:AAP) stock is on the move Wednesday after the company released its earnings report for the fourth quarter of 2023.The Advance Auto Parts earnings report starts with diluted earnings per share of -59 cents. That’s a surprise loss next to Wall Street’s estimate of 22 cents per share. It’s also a negative switch from the $1.39 per share reported in the same period of the year prior.On the flip side of that, the company’s revenue for the quarter comes in at $2.46 billion. That matches w ...

For the quarter ended December 2023, Advance Auto Parts (AAP) reported revenue of $2.46 billion, down 0.4% over the same period last year. EPS came in at -$0.59, compared to $2.88 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $2.47 billion, representing a surprise of -0.16%. The company delivered an EPS surprise of -345.83%, with the consensus EPS estimate being $0.24.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings - ...

Advance Auto Parts (AAP) came out with a quarterly loss of $0.59 per share versus the Zacks Consensus Estimate of $0.24. This compares to earnings of $2.88 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -345.83%. A quarter ago, it was expected that this auto parts retailer would post earnings of $1.42 per share when it actually produced a loss of $0.82, delivering a surprise of -157.75%.Over the last four quarters, the compan ...

Advance Auto Parts Inc.’s stock jumped 7.5% early Wednesday, after the car parts maker’s upbeat profit guidance weighed against a quarterly loss as it continues to overhaul its business and rein in costs. Raleigh, N.C.-based Advance Auto AAP, +7.31% had a net loss of $35.1 million, or 59 cents a share, for the quarter, after income of $82.9 million, or $1.39 a share, in the year-earlier period. Sales fell to $2.465 billion from $2.474 billion a year ago. The FactSet consensus was for EPS of 21 cents and sal ...