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 (NYSE: AAP) has released preliminary financial highlights for Q2 2025, showing signs of progress in their turnaround efforts. The company expects net sales between $1.98-2.00 billion with comparable store sales growth of 0.0% to +0.1% and adjusted operating income margin of 2.8% to 3.0%.
The company announced proactive debt financing initiatives aimed at maintaining financial flexibility. Management is working with banking partners to establish a revised debt structure, including an asset-backed revolving loan facility and supply chain financing program, with the goal of regaining an investment grade credit rating.
Advance Auto Parts (NYSE: AAP) has announced a proposed offering of $1.5 billion in senior unsecured notes in two tranches, due 2030 and 2033. The company also plans to establish a new $1 billion asset-based loan (ABL) revolving credit facility with a five-year term.
The proceeds will be used to redeem all outstanding 5.90% Senior Notes due 2026 and for general corporate purposes. Additionally, a portion of the proceeds, along with cash on hand, will contribute to the initial ABL facility borrowing base, not exceeding $2.5 billion. The notes will be offered exclusively to qualified institutional buyers under Rule 144A and non-U.S. persons under Regulation S.
Advance Auto Parts (NYSE: AAP), a leading automotive aftermarket parts provider in North America, has scheduled its first quarter 2025 earnings release and conference call. The company will announce its financial results for the quarter ended April 19, 2025, before market opening on Thursday, May 22, 2025.
The conference call and webcast will begin at 8:00 a.m. ET on the same day. Interested participants can access the live webcast through the company's Investor Relations website and must pre-register online to receive dial-in information and passcode. A replay will be available on the IR website for one year.
Advance Auto Parts (NYSE: AAP) has completed its store closure phase and is entering a growth phase, announcing plans to open 30 new locations in 2025 and at least 100 additional locations through 2027. The company has already opened six new stores in Florida, New Jersey, Tennessee and Virginia this year.
The optimization has resulted in over 75% of stores now holding #1 or #2 market positions based on store density. The expansion includes larger 'market hubs' carrying 75,000-85,000 SKUs, significantly more than typical stores' 20,000-25,000 SKUs, enabling improved same-day delivery service.
The company is also investing in enhancing customer experience through IT infrastructure, equipment, store repairs, improved inventory, delivery systems, and additional team member training.
Advance Auto Parts (NYSE: AAP) reported Q4 and full year 2024 results, showing challenging performance metrics. Q4 net sales decreased 0.9% to $2.0 billion, with comparable store sales declining 1.0%. The company reported a Q4 operating loss of $820.0 million and adjusted loss per share of $1.18.
Full year 2024 results included net sales of $9.1 billion (down 1.2% YoY), with comparable store sales decreasing 0.7%. The company reported a full-year operating loss of $713.3 million and adjusted loss per share of $0.29.
The company announced a strategic restructuring plan including: closure of over 500 corporate locations, consolidation to 12 large distribution centers by end-2026, opening of 60 market hub locations by mid-2027, and focus on merchandising excellence. AAP declared a quarterly dividend of $0.25 per share, payable April 25, 2025.
Advance Auto Parts (NYSE: AAP) has appointed Jeff Vining as executive vice president, general counsel and corporate secretary, effective March 2, 2025. Vining will oversee the company's legal, corporate governance, and compliance functions, reporting directly to CEO Shane O'Kelly.
The appointment follows the retirement of Tammy Finley, who served the company for 27 years in legal, human resources, and communications roles. Finley will remain in an advisory capacity to support the transition.
Vining brings over 20 years of legal expertise in publicly traded companies, most recently serving as general counsel at Unifi. Previously, at Lowe's Companies, he managed litigation, complex transactions, compliance, and enterprise risk management, leading a team of more than 75 professionals.
Advance Auto Parts (NYSE: AAP) has announced it will release its fourth quarter and full year 2024 financial results on Wednesday, February 26, 2025, before market opening. The automotive aftermarket parts provider will host a conference call and webcast at 8:00 a.m. ET on the same day.
Interested participants can access the live webcast through the company's Investor Relations website and must pre-register online to receive dial-in information and passcode. A replay of both the conference call and webcast will be available on the company's IR website for one year.
Advance Auto Parts (NYSE: AAP) has named Valvoline™ Global as its 2024 Vendor Partner of the Year during their annual 'Accelerate' vendor appreciation event in Orlando, FL. The recognition highlights Valvoline's exceptional performance in product launches, fill rates, store innovation, and system implementation.
The company also recognized ten additional vendors for outstanding contributions across various categories. Notable winners include MotoRad, DriV, and Pulsar for category management services; Josco Inc. for vendor representation; ITW Global Brands for e-commerce excellence; Wetherill Associates for visionary partnership; Dorman Products for supply chain optimization; Highline Warren for inventory management; Premium Guard for professional excellence; and Chemical Guys for DIY excellence.
Advance Auto Parts (NYSE: AAP) has appointed Shweta Bhatia as executive vice president and chief technology officer, effective immediately. Bhatia brings over 20 years of retail, technology, and operational experience, most recently serving as senior vice president of technology at Dollar General where she led a multi-year technology transformation initiative.
Prior to Dollar General, Bhatia held vice president of technology positions at Walmart International and Kohl's She began her career as an entrepreneur, founding Wisdom Info Tech. Bhatia holds an MBA from Amity Business School and a bachelor's degree from IT College in India.
The current CTO, Sri Donthi, will remain with the company temporarily to assist in the transition. The appointment aligns with AAP's three-year financial plan, focusing on speed, efficiency, and customer solutions.
Advance Auto Parts (NYSE: AAP) has appointed Michael Beland as senior vice president, controller and chief accounting officer, effective January 5, 2025. Beland, 53, brings over 25 years of accounting and finance experience and will oversee enterprise-wide accounting operations, tax, external financial reporting, and compliance. He previously served as chief accounting officer at Driven Brands Holdings and held positions at Wolfspeed, PPD, OrthoSynetics, and major accounting firms. Beland holds a B.S.B.A. and master's degree in accounting, and is a Certified Public Accountant and Chartered Global Management Accountant.
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