Gross Profit, Operating Income, and Net Income as a percentage of Revenue

Gross Margin

Operating Margin

Profit Margin

Margins

An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

Selling, general and administrative expenses

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

Revenue Y/Y

OpEx Y/Y

Growth

Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

Advance Auto Parts

Advance Auto Parts, Inc. engages in the supply and distribution of aftermarket automotive products for both professional installers and do-it-yourself customers. It operates through the following segments: Northern Division, Southern Division, Carquest Canada, Independents and Worldpac. Advance Auto Parts offers replacement parts, performance parts, accessories, oil and fluids, engine parts, brakes, batteries, accessories, and tools and garage. The company was founded by Arthur Taubman in 1929 and is headquartered in Raleigh, NC.

Earnings data Q1 2021

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Earnings data Q1 2023

Earnings data Q2 2023

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Earnings data Q1 2024

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Earnings data Q4 2024

Advance Auto Parts reports Q4 growth, focuses on strategic initiatives

Advance Auto Parts showed improvement in Q4 2022, focusing on driving long-term shareholder value and enhancing parts availability. Strategic initiatives and investments in inventory, brand building, and digital capabilities are key for future growth. Challenges include inflation, availability issues, and addressing Pro business underperformance.

Advance Auto Parts reports mixed Q1 performance, focuses on margins

Advance Auto Parts (AAP) reported a mixed performance in Q1 2023, with net sales increasing but facing challenges in gross margin and operating margin.
The company is addressing challenges in the Pro channel, focusing on operational improvements and margin expansion initiatives for the rest of the year.
Despite headwinds in the competitive environment and supply chain, Advance Auto Parts is leveraging strengths in category management and private label brands.
Opportunities lie in improving availability, pricing, and sales execution to drive performance, with a strategic focus on long-term growth and profitability.

Advance Auto Parts reports strong Q2 results and strategic leadership change

Advance Auto Parts delivered strong Q2 results, focusing on operational improvements and pricing strategies to drive shareholder value and sustainable growth.
Challenges in gross margin and SG&A require pricing corrections and cost management strategies, while opportunities lie in pricing improvements and strategic reviews.
The appointment of Shane O'Kelly as CEO signals a strategic leadership change aimed at leveraging industry knowledge for future growth and operational enhancements.
Overall, Advance Auto Parts is well-positioned to capitalize on sales momentum, address margin challenges, and unlock opportunities through ongoing strategic initiatives.

Advance Auto Parts adjusts guidance, focuses on profitable growth

Advance Auto Parts (AAP) navigated Q3 with a focus on stabilizing the business, taking decisive actions, and adjusting full-year guidance to drive profitable growth amidst challenges in gross profit margin deleverage.
The company's strengths include proactive customer engagement, cost reduction initiatives, and positive cash flow generation, while challenges in gross margin decline and limited segmentation reporting require strategic addressing.
Opportunities for AAP include optimizing the do-it-for-me business, considering credit rating enhancements, and sustaining positive cash flow trends to enhance financial performance and operational efficiency.

Advance Auto Parts (AAP) addresses challenges with strategic actions

Advance Auto Parts (AAP) navigates through a challenging Q4 2023 with strategic actions to stabilize the business and drive long-term success. Despite mixed financial performance, the company is focused on leveraging industry strengths, investing in employees, and optimizing supply chains. Challenges in profitability and operational efficiency are being addressed, while opportunities in customer-centric strategies and supply chain consolidation are being pursued for growth.

Advance Auto Parts Q1 2024 Earnings: Decisive Actions Amid Performance Challenges

Advance Auto Parts Q1 2024 earnings call highlighted lower-than-expected performance, but with decisive cost-saving actions and successful sale processes. Challenges ahead include margin pressure and store closure decisions based on asset productivity. Opportunities exist in accelerating supply chain investments and enhancing customer service through market hub conversions.

Advance Auto Parts reports Q2 growth, focuses on operational efficiency

Advance Auto Parts (AAP) showcased resilience with positive sales growth and strategic initiatives to enhance profitability and operational efficiency.
While facing margin challenges and earnings impact, the company's focus on cost reduction and growth investments positions it for long-term success.
Revised guidance underscores a commitment to financial strength, growth, and operational excellence, signaling a proactive approach to market dynamics.

Advance Auto Parts aims for 7% margin, addresses challenges

Advance Auto Parts navigated challenges in Q3 2024 with a focus on strategic actions to enhance profitability and achieve a 7% adjusted operating margin by 2027.
Management's confidence in the turnaround plan, early wins in hub stores, and emphasis on cost-related actions highlight progress towards financial health.
Analysts' inquiries on protecting profitability and cash flow, store closing criteria, and cash deployment from Worldpac underscore areas of focus for the company.
Opportunities in driving margin improvement, managing downside risks, and deploying cash strategically position Advance Auto Parts for sustainable growth and financial resilience.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Advance Auto Parts, Inc. engages in the supply and distribution of aftermarket automotive products for both professional installers and do-it-yourself customers. It operates through the following segments: Advance Auto Parts/Carquest U.S., Carquest Canada, Worldpac, and Independents. The company was founded by Arthur Taubman in 1929 and is headquartered in Raleigh, NC.

Price hikes could not offset product costs and supply chain deleverage, Advance Auto says.

Advance Auto Parts cites prices that failed to cover inflation for drop in earnings.

Advance Auto Parts slashed its dividend some months ago The company has downgraded its 2023 outlook yet again. But with a new CEO arriving soon, investors expect to see a turnaround.

Why Advance Auto Parts Stock Jumped Earlier Today

Advance Auto (AAP) estimates 2023 net sales in the band of $11.25-$11.35 billion, up from the previous guided range of $11.2-$11.3 billion.

Advance Auto (AAP) Q2 Earnings Miss, Sales Top Estimates

Advance Auto Parts, Inc. (NYSE:AAP ) Q2 2023 Earnings Call August 23, 2023 8:00 AM ET Company Participants Elisabeth Eisleben - SVP, Communications and IR Gene Lee - Interim Executive Chair Tom Greco - President and Chief Executive Officer Tony Iskander - Interim Chief Financial Officer Conference Call Participants Simeon Gutman - Morgan Stanley Greg Melich - Evercore ISI Michael Lasser - UBS Elizabeth Suzuki - Bank of America Chris Horvers - JPMorgan Bret Jordan - Jefferies Seth Sigman - Barclays Steven Zaccone - Citigroup Steven Forbes - Guggenheim Partners Kate McShane - Goldman Sachs Brian Nagel - Oppenheimer Scot Ciccarelli - Truist Seth Basham - Wedbush Zachary Fadem - Wells Fargo Michael Baker - DA Davidson Joe Enderlin - Stephens Operator Good morning, and welcome to the Advance Auto Parts' Second Quarter 2023 Conference Call. Before we begin, Elisabeth Eisleben, Senior Vice President, Communications and Investor Relations, will make a brief statement concerning forward-looking statements that will be discussed on this call.

Advance Auto Parts, Inc. (AAP) Q2 2023 Earnings Call Transcript

While the top- and bottom-line numbers for Advance Auto Parts (AAP) give a sense of how the business performed in the quarter ended June 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Here's What Key Metrics Tell Us About Advance Auto Parts (AAP) Q2 Earnings

AutoZone

O'Reilly Automotive

Auto parts stocks shifted gears this year, naming new CEOs to the 3 largest players. While O'Reilly Automotive NASDAQ: ORLY and Autozone NYSE: AZO chose to go the internal route to help ensure a smooth transition, Advance Auto Parts NYSE: AAP looked outside the company.

Auto Parts Stocks Shift Gears: Which is the Right One to Buy?

Advance Auto Parts (AAP) came out with quarterly earnings of $1.43 per share, missing the Zacks Consensus Estimate of $1.72 per share. This compares to earnings of $3.74 per share a year ago.

Advance Auto Parts (AAP) Misses Q2 Earnings Estimates

Advance Auto Parts posted lower second-quarter profits and warned things will be even tougher over the second half of the year. The Raleigh-based auto parts supplier lifted sales by 0.8% to US$ 2.7 billion in the three months to June, but profits dipped 3% to US$1.1 billion as higher product and staff costs outstripped price rises.

Advance Auto Parts launches strategic review as profits stall

Earnings from auto parts distributors such as Advance Auto Parts just might be the canary in the coal mine. There is a limit to what people can pay to buy and maintain their vehicles.

Advance Auto Parts Earnings Miss Estimates. Why It's a Warning for Ford.

Advance Auto Parts Inc. AAP, -1.26% stock rose 6.2% in premarket trades on Wednesday after the retailer said it's launching an operational and strategic review of its business. It also named Shane O'Kelly, who most recently worked as chief executive of Home Depot Inc.'s HD, +0.13% HD Supply unit, as its new chief executive while Tom Greco plans to retire.

Advance Auto Parts stock up as it launches strategic review and names new chief executive

RALEIGH, N.C.--(BUSINESS WIRE)---- $AAP #AAP--Advance Auto Parts, Inc. (NYSE: AAP), a leading automotive aftermarket parts provider in North America that serves both professional installer and do-it-yourself customers, today announced that its board of directors has appointed Shane O'Kelly as president and chief executive officer, effective September 11, 2023. Mr. O'Kelly will succeed Tom Greco, who has served as president and CEO since April 2016. Mr. Greco announced his planned retirement in February 2023.

Advance Auto Parts Announces Executive Leadership Changes

RALEIGH, N.C.--(BUSINESS WIRE)---- $AAP #AAP--Advance Auto Parts, Inc. (NYSE: AAP), a leading automotive aftermarket parts provider in North America, that serves both professional installer and do-it-yourself customers, announced its financial results for the second quarter ended July 15, 2023. The company also announced that it has initiated a comprehensive operational and strategic review. Tom Greco, president and chief executive officer, said, “I want to thank the entire Advance family for their dedicatio.

Advance Auto Parts Reports Second Quarter 2023 Results

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Emergent BioSolutions

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Kenvue

NEW YORK , Aug. 21, 2023 /PRNewswire/ -- Kenvue Inc. (NYSE: KVUE) will replace Advance Auto Parts Inc. (NYSE: AAP) in the S&P 500, and Advance Auto Parts will replace Emergent BioSolutions Inc. (NYSE: EBS) in the S&P SmallCap 600 effective prior to the opening of trading on Friday, August 25. As previously announced on August 9, the addition of Kenvue is the result of S&P 500 and S&P 100 constituent Johnson & Johnson (NYSE: JNJ) offering to exchange the shares of Kenvue held for shares of Johnson & Johnson in a split-off exchange offer that expired on Friday, August 18.

Kenvue Set to Join S&P 500; Advance Auto Parts to Join S&P SmallCap 600

Kenvue Inc. KVUE, +0.13%, the maker of Tylenol and Benadryl, will replace auto-parts retailer Advance Auto Parts Inc. AAP, -2.33% on the S&P 500 Index SPX, +0.69%, S&P Dow Jones Indices said on Monday. The move takes hold before the opening of trading on Friday.

J&J spinoff Kenvue to replace Advance Auto Parts on the S&P 500

Albertsons Companies

Axos Financial Inc.

An earnings miss and lowered guidance put Advance Auto Parts' shares on sale in the stock market. Axos Financial may have been unfairly punished by issues directly affecting several other banks.

3 Bargain Stocks I'm Willing to Buy Now

The Zacks Consensus Estimate for Advance Auto Parts' (AAP) second-quarter EPS and revenues is pegged at $2.67 and $1.59 billion, respectively.

What's in Store for Advance Auto (AAP) This Earnings Season?

Advance Auto Parts' stock fell from $112 to around $70 after a dividend cut and a search for a new CEO; the aftermarket auto segment remains strong, with used car prices remaining high. Despite a revenue miss due to seasonality and a mild winter, management forecasts a 1.5% sales increase for FY2023; if the company grows revenues at a slow 4.5% per year, shares should be priced at $92.37. The automotive retail industry remains mature and undisturbed; AAP maintains its position by being close to its customer base and the demand for auto.

Advance Auto Parts: Oversold And Primed For Value

Following a full-year guidance cut in May 2023 and a 35%+ drop post-earnings, we believe current share price levels for Advance Auto parts reflect an attractive valuation. AAP's business is supported by favorable automotive aftermarket trends, including record high average vehicle age and strong used vehicle sales. Recent dividend cuts (~$297 million annually) and expected reductions in CapEx (~$150 million over the next year) will free up cash and give Advance the breathing room it needs.

Advance Auto Parts: Attractive Valuation After Losing Half Its Value In 2023

RALEIGH, N.C.--(BUSINESS WIRE)--Advance Auto Parts is offering incoming college freshmen a chance to win a ‘Fuel Ride to College' in the form of four years of free gasoline.

Advance Auto Parts Offering Students a Chance to Win a ‘Fuel Ride to College' and Free ‘Off-to-Campus' In-Store Services

RALEIGH, N.C.--(BUSINESS WIRE)---- $AAP #AAP--Advance Auto Parts, Inc. (NYSE: AAP), a leading automotive aftermarket parts provider in North America that serves both professional installer and do-it-yourself customers, will report its second quarter 2023 results before the market opens on Wednesday, August 23, 2023. Interested parties can listen to the event via a webcast scheduled to begin at 8:00 a.m. Eastern Time on Wednesday, August 23, 2023. The webcast will be accessible via the company's Investor Rela.

Advance Auto Parts Announces Dates for Its Second Quarter 2023 Earnings Release and Conference Call

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Advance Auto Parts is by far the worst performer on the broad-market index. KeyBank has gotten tripped up by the regional banking crisis.

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Verizon

Walgreens

Walgreens, Verizon, and Advance Auto Parts all face daunting headwinds. Shares of the three companies are down over 14% so far this year.

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I began writing on Seeking Alpha because I enjoy writing and because it provided me with an opportunity to share investing ideas and strategies with other like-minded investors. Today I want to continue with my “lessons learned” series. Now, whenever I decide to invest in a stock, business, or direct real estate, I always ask myself “is the thrill of victory worth the agony of defeat?"

Is The Thrill Of Victory Worth The Agony Of Defeat?

Advance Auto Parts has seriously trailed its direct peers O'Reilly and Auto Zone for years. Recently things got even worse when Advance guided earnings way down, drastically cut its dividend and the stock got cut in half. I believe, for a number of reasons, the stock is a buy here.

News for Advance Auto Parts Stock (AAP)