Here are the 10-K annual reports from Advance Auto Parts Inc (AAP) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow AAP and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full AAP filings page.
Advance Auto Parts, Inc. reports 2025 results that reflect a major portfolio and store footprint overhaul along with ongoing operational challenges. Net sales from continuing operations were $8.6 billion, down 5.4% as widespread store closures under its 2024 restructuring more than offset a modest 0.8% rise in comparable store sales.
Profitability improved on paper: gross margin from continuing operations reached 43.4% of net sales, up 592 basis points, largely because 2024 was weighed down by inventory-related charges tied to the restructuring. Operating loss from continuing operations narrowed to $43 million, a 734-basis-point improvement as a percentage of sales.
The company completed the sale of its Worldpac business in November 2024 for approximately $1.44 billion in net proceeds and executed a footprint optimization that closed roughly 500 company stores and 200 independent locations, ending 2025 with 4,305 stores and 809 independently owned Carquest locations. Management continues to reshape the network around market hubs, invest in supply chain and technology (including artificial intelligence) and warns that heavy leverage, restructuring costs, macro pressures, tariffs and intense competition remain key risks. Cash flows from continuing operations turned negative, with $46 million used in operating activities.