Advance Auto Incurs Unexpected Q3 Loss, Cuts 2024 Guidance

Advance Auto Parts, Inc. (AAP) reported an adjusted loss of 4 cents per share for the third quarter of 2024 as against the Zacks Consensus Estimate of earnings of 52 cents. The company had incurred an adjusted loss of 82 cents in the year-ago quarter.Find the latest earnings estimates and surprises on the Zacks Earnings Calendar.Advance Auto generated net revenues of $2.1 billion, which missed the Zacks Consensus Estimate of $2.67 billion. Comparable store sales decreased 2.3% year over year. We projected a ...