Welcome to our dedicated page for Advance Auto Parts news (Ticker: AAP), a resource for investors and traders seeking the latest updates and insights on Advance Auto Parts stock.
Advance Auto Parts, Inc. (NYSE: AAP) is an automotive aftermarket parts provider that serves both professional installers and do-it-yourself customers. This news page focuses on company announcements, financial updates and operational developments that affect AAP stock and the broader business.
Recent news from Advance Auto Parts has covered leadership and governance changes, such as the appointment of an independent director to the Board of Directors and the planned retirement of another director. The company also reports on key management roles, including the appointment of a senior vice president of supply chain to lead its supply chain transformation and distribution network initiatives.
Investors and customers can follow earnings-related news, including quarterly results, comparable store sales trends, margin performance and updates to full-year guidance. The company issues press releases on its second and third quarter results, discusses progress on turnaround objectives, and provides details on liquidity, cash flows and capital allocation decisions such as regular cash dividends.
Capital markets activity is another important news category for AAP. The company has announced the pricing of senior notes due 2030 and 2033 and the entry into a new senior secured first lien asset based revolving credit facility, along with related amendments to its credit agreement. These items can influence the company’s capital structure, interest expense and borrowing capacity.
Operational and commercial news includes vendor recognition awards and product initiatives. Advance Auto Parts has highlighted vendor partners through its vendor of the year awards and has launched ARGOS, an owned oil and fluids brand designed to offer high-quality, affordable auto care products. For ongoing updates on AAP, this page aggregates press releases and disclosures so readers can monitor developments affecting the company’s operations, strategy and financial profile.
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.
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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.
Advance Auto Parts (NYSE: AAP) announced the expiration of its cash tender offer for $450 million of 4.50% senior unsecured notes due December 1, 2023. As of the expiration on September 28, 2020, $256.3 million (56.96%) of the notes were validly tendered. The Tender Offer Consideration is set at $1,118.87 per $1,000 principal, with payments made on September 29, 2020. The offer was funded through proceeds from its 1.750% Notes due 2027. J.P. Morgan acted as the dealer manager for the offer, which complies with all applicable securities laws.
Advance Auto Parts has priced its cash tender offer for all outstanding 4.50% senior unsecured notes due December 1, 2023, totaling $450 million. The tender offer, detailed in the Offer Documents from September 22, 2020, includes a consideration of $1,118.87 per $1,000 principal amount of notes validly tendered. The offer expires today at 5:00 p.m. New York City time. Advance has retained D.F. King & Co., Inc. as the tender agent and J.P. Morgan Securities LLC as the dealer manager. The settlement date is expected on September 29, 2020.
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