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 (AAP) delivers essential automotive solutions through its network of retail stores and digital platforms, serving professional installers and DIY customers across North America. This news hub provides investors and industry professionals with timely updates on corporate developments shaping the automotive aftermarket sector.
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Bookmark this page for streamlined access to Advance Auto Parts' latest communications. Check regularly for updates on inventory expansions, technological integrations, and other developments critical to understanding AAP's role in the evolving automotive repair ecosystem.
Advance Auto Parts (NYSE: AAP) has introduced a new retail concept called Carquest by Advance, targeting the DIY automotive market. This initiative aims to provide independent owners with a store model that includes operations and merchandising support from Advance. The company plans to operate 20 Carquest locations by year-end, leveraging its extensive network of suppliers. This model, designed to meet the growing demand for auto parts as the average vehicle age increases, emphasizes community-focused service and offers various customer conveniences, such as curbside services.
Advance Auto Parts, Inc. (NYSE: AAP) announces its upcoming third quarter 2021 earnings report scheduled for November 15, 2021, after market close. A conference call will follow on November 16, 2021, at 8:00 a.m. Eastern Time, allowing stakeholders to discuss the results. Investors can join the call via webcast on the company's Investor Relations website. Advance operates 4,748 stores and 215 Worldpac branches across North America, including locations in the U.S., Canada, Puerto Rico, and the U.S. Virgin Islands.
Advance Auto Parts, a prominent automotive aftermarket parts retailer, recognized six brand partners during its virtual Partner Growth Summit in Raleigh, N.C. The event raised
Advance Auto Parts (NYSE:AAP) has entered a multi-year partnership with Bridgestone Retail Operations to stock DieHard batteries in over 2,200 service centers across the U.S. This agreement enhances Bridgestone's offerings, including the DieHard Silver, Gold, Platinum, and Platinum AGM batteries, which were fully rolled out by July. Customers will benefit from DieHard Assurance, providing free battery replacements and roadside assistance. This collaboration aims to boost customer trust and service.
Advance Auto Parts (NYSE:AAP) has appointed Sherice R. Torres to its Board of Directors, effective September 1, 2021. With nearly 25 years of executive experience in marketing and strategic planning, Ms. Torres currently serves as Vice President of Marketing at Facebook Financial. Her prior roles include Global Marketing Director at Google and leadership positions at Viacom. The Board Chair emphasized that her extensive digital marketing skills and commitment to diversity will be instrumental as the company focuses on transforming its digital platforms and marketing strategy.
Advance Auto Parts (NYSE: AAP) has launched its annual fundraising campaign to support the American Heart Association, running from Sept. 1 to Oct. 15. Customers can donate at around 5,700 stores, including Carquest. In 2020, the company raised approximately $1.4 million, a 38% increase from 2019. The funds will assist heart disease and stroke research, aligning with Advance’s commitment to community health. With increasing heart disease rates in the U.S., the partnership aims to impact cardiovascular health significantly.
Advance Auto Parts reported a 5.9% increase in net sales to $2.6 billion for Q2 2021, with comparable store sales up 5.8%. Adjusted diluted EPS rose 15.3% to $3.40. Operating cash flow year-to-date reached $776.2 million, with free cash flow improving to $646.6 million, a 70% increase from 2019. The company returned $457.9 million to shareholders through buybacks and dividends. Full year 2021 guidance was raised, reflecting positive growth, with net sales expected between $10.6 billion and $10.8 billion.
Advance Auto Parts, Inc. (NYSE: AAP) will report its second quarter 2021 results on August 24, 2021, before the market opens. The webcast will begin at 8:00 a.m. Eastern Time, and interested parties can access it on the company's Investor Relations website. As of April 24, 2021, Advance operates 4,793 stores across the U.S., Canada, Puerto Rico, and the U.S. Virgin Islands, in addition to 1,285 independently owned Carquest branded stores in various locations including Mexico and the Caribbean.
Advance Auto Parts (NYSE:AAP) has entered into a business agreement with Baxter Auto Parts to convert 29 stores in the Pacific Northwest to Carquest locations. Store conversions will start in late June and continue through September, with Baxter retaining ownership as part of Carquest’s independent owner network. This move aims to strengthen Advance's market presence in the western U.S., following a similar agreement to lease 109 former Pep Boys locations in California. Both companies anticipate enhanced customer service and product offerings at these rebranded locations.
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