Advance Auto Parts(AAP) - 2024 Q3 - Quarterly Results

Exhibit 99.1 Advance Auto Parts Reports Third Quarter 2024 Results and Completes Comprehensive Review of Operational Productivity ▪ Announces Asset Optimization Program Targeting Reduction of 500 Corporate Stores, 200 Independently Owned Locations and Four Distribution Centers by Mid-2025 ▪ Introduces New Fiscal 2027 Financial Objectives Targeting Approximately 7% Adjusted Operating Income Margin and Approximately 2.5x Debt Leverage Ratio; Provides Preliminary 2025 Guidance (1) ▪ Identifies Over 500-basis p ...