Advance Auto Parts Inc Stock Price, News & Analysis

Advance Auto Parts (NYSE: AAP) and Team Penske have launched a new initiative for the 2021 NASCAR Cup Series, featuring the No. 12 Ford Mustang driven by Ryan Blaney. This partnership aims to spotlight local NASCAR-sanctioned short tracks across the U.S. and Canada. Each week, Blaney's car will display tracks from the NASCAR Advance Auto Parts Weekly Series, with $1,200 awarded to featured tracks for each victory. The sponsorship will continue across four races this season, enhancing community engagement and support for local racing.

Advance Auto Parts, Inc. (NYSE: AAP) will announce its Q4 and FY 2020 results on February 16, 2021, before the market opens. The company invites interested parties to join a live webcast at 8:00 a.m. ET on the same day. Additionally, Advance will host a virtual strategy update on April 20, 2021, to discuss its strategic initiatives and long-term goals, presented by CEO Tom Greco and CFO Jeff Shepherd. As of October 3, 2020, Advance operated 4,811 stores and 168 Worldpac branches across multiple regions, including the U.S. and Canada.

Advance Auto Parts (NYSE: AAP) is gearing up for the holiday season with special offerings for car enthusiasts and everyday drivers alike. From DieHard batteries starting at $119.99 to stocking stuffer ideas such as gift cards and toy cars, the company provides a range of products. Notably, Advance will open at 7:30 a.m. on Black Friday, featuring free curbside pickup and discounts available online. Speed Perks members can earn bonus points on purchases, enhancing customer loyalty. This year, the emphasis is on a safe and convenient shopping experience.

Advance Auto Parts, a leading automotive aftermarket provider, reported a strong third quarter for 2020, with net sales up 9.9% to $2.5 billion. Comparable store sales increased 10.2%, marking the highest growth in 15 years, driven by DIY Omnichannel performance. Adjusted operating income rose 32.6% to $271.9 million, while adjusted EPS increased 33.8% to $2.81. The company declared a quarterly dividend of $0.25 and executed a share repurchase program. Although industry demand remains strong, guidance has not been provided due to COVID-19 uncertainties.

Advance Auto Parts (NYSE: AAP) is set to release its third quarter 2020 financial results on Tuesday, November 10, 2020, before the market opens. The earnings call will be available via webcast at 8:00 a.m. Eastern Time, accessible through the company’s Investor Relations page. Participants can pre-register online for dial-in details, with suggestions to register a day in advance or at least 10 minutes before the call. Advance operates 4,819 stores and 167 Worldpac branches across North America and affiliated stores in additional regions.

Advance Auto Parts (NYSE: AAP) has launched a unique marketing campaign by integrating its DieHard batteries with the 'Die Hard' film franchise. A new two-minute commercial features Bruce Willis reprising his iconic role as John McClane, showcasing an action-packed storyline that aligns the reliability of DieHard batteries with the character's attributes. The commercial debuted during a major NFL broadcast and is part of a broader #DieHardIsBack campaign aimed at promoting DieHard's features during National Car Safety Month. The campaign will extend through various digital platforms and in-store promotions.

Advance Auto Parts (NYSE: AAP) launched a marketing campaign featuring DieHard batteries, highlighted by a new film where Bruce Willis reprises his role as John McClane. The film debuted during FOX’s NFL telecast and showcases McClane facing a dead battery while merging classic Die Hard elements. The campaign aims to emphasize the reliability and durability of DieHard batteries, aligning with National Car Care Month. Advance will promote the film across various media, including social platforms and in-store displays, aiming to increase brand awareness and drive sales.

Advance Auto Parts (NYSE: AAP) recently held its annual Vendor Summit virtually, honoring key partners with the 2020 Vendor of the Year awards. Mann + Hummel received the esteemed title for its innovative contributions to Advance's growth, while AkzoNobel was recognized as the New Vendor of the Year. Valvoline and AC Delco earned accolades for their exceptional support and product contributions. The event showcased the importance of collaboration with vendors during challenging times, highlighting Advance's commitment to meeting customer needs.