Advance Auto Parts Inc Stock Price, News & Analysis

Advance Auto Parts (NYSE: AAP) will release its first quarter financial results on May 23, 2022, following market closure. A conference call to discuss these results is scheduled for May 24, 2022, at 8:00 a.m. ET. Interested individuals can join the call via a webcast through the company's Investor Relations website. Advance operates 4,706 stores and 266 Worldpac branches, serving North America, including the U.S., Canada, Puerto Rico, and more. For further details, access their Investor Relations page.

Advance Auto Parts (NYSE: AAP) has entered into a multi-year partnership with the Los Angeles Dodgers, becoming the official auto parts retailer for the team. The agreement includes in-stadium signage at all home games for the 2022 season and the use of Dodgers branding in retail locations. Advance aims to enhance its presence in the Los Angeles market and will sponsor community events, including the Mexican Heritage games on May 17, where fans will receive special jerseys. This partnership highlights Advance's commitment to serve local communities and aligns with its growth strategy.

Advance Auto Parts (NYSE: AAP) has announced the return of its Advance My Track Challenge, allowing fans to vote for their favorite NASCAR Home Track, with a grand prize of $50,000 awarded to the most popular track. Voting is open until May 6, with the final round from May 9-13. The initiative supports local racing venues and community projects. Last year, over 122,000 votes were cast. Additionally, winnings from Blaney's race victories will be donated to tracks featured on his car.

Advance Auto Parts (NYSE: AAP) announced the appointment of Joan Hilson as a member of its Board of Directors effective March 15, 2022. Hilson brings over 35 years of financial expertise, predominantly in the retail sector, having served as Chief Financial & Strategy Officer at Signet Jewelers since 2019. Her previous roles include vacancies at David’s Bridal and American Eagle Outfitters, enhancing her qualifications. The Board Chair, Eugene I. Lee, emphasized her significant experience in driving profitable growth, aligning with the company's strategic aims.

Advance Auto Parts reported a strong financial performance for 2021, achieving a net sales increase of 8.8% to $11.0 billion. Fourth-quarter net sales rose 1.3%, with comparable store sales up 8.2%. The company increased operating cash flow by 14.7% to $1.1 billion and free cash flow by 17.2% to $822.6 million. A record $1.0 billion was returned to shareholders, alongside a 50% dividend increase. For 2022, the guidance suggests net sales between $11.2 billion and $11.5 billion, with comparable store sales growth of 1.0% to 3.0%.

Advance Auto Parts (NYSE: AAP) has announced that its DieHard AGM batteries are the first in the automotive industry to receive circular economy validation from UL. This recognition affirms that 94% of materials in new batteries are sourced from recycled batteries returned at Advance or Carquest stores. This sustainable practice significantly reduces environmental impact. The validation emphasizes consumer awareness of eco-friendly choices, with DieHard batteries positioned as reliable options for environmentally conscious motorists.

Advance Auto Parts, Inc. (NYSE: AAP) will release its fourth quarter and full year 2021 results on February 14, 2022, after market close. A conference call to discuss the results is set for February 15, 2022, at 8:00 a.m. ET, accessible via the company's Investor Relations website. The company operates 4,727 stores and 234 Worldpac branches across North America, serving both professional installers and DIY customers.

Advance Auto Parts (NYSE: AAP) has launched a new Speed Perks Gas Rewards program, enabling members to save 25 cents or more per gallon at participating Shell stations in the U.S. Members earn 5 cents off per gallon for every $50 spent at Advance stores or online. This initiative is designed to provide valuable savings to motorists, with the possibility of accumulating even greater discounts through the Fuel Rewards program. The launch is supported by a marketing campaign featuring NASCAR drivers, enhancing visibility and engagement.

Advance Auto Parts (NYSE: AAP) has appointed William Pellicciotti as Senior Vice President, Controller, and Chief Accounting Officer, effective January 24, 2022. Pellicciotti, aged 42, brings over 20 years of experience, most recently serving as Vice President, Controller - North America at The Kraft Heinz Company. His responsibilities will encompass enterprise-wide accounting operations, tax, external financial reporting, and compliance.

Executive Vice President Jeff Shepherd expressed optimism about Pellicciotti's expertise in enhancing the Finance organization.