Advance Auto PartsNYSE: AAP

Advance Auto Parts is an incredible turnaround opportunity with a new leadership team and key upcoming catalysts like the sale of Worldpac. The company aims to unify its supply chain network to drive efficiency and cost savings, positioning itself for long-term success. AAP benefits from cyclical tailwinds in the aftermarket auto parts industry and aims to restore margin structure for significant growth potential.

PayPal's free cash flow is down over the last five years, and that's a problem that a new business venture might solve. Advance Auto Parts made a mistake in 2013.

RALEIGH, N.C.--(BUSINESS WIRE)---- $AAP #AAP--In the first table, labeled "Full Year 2024 Guidance," the figure under the "High" column for "Net Sales" should read 11,400 (instead of 11,500). Additionally, footnote one in the Adjusted Debt to Adjusted EBITDAR has been updated to add clarification. The updated release reads: ADVANCE AUTO PARTS REPORTS FIRST QUARTER 2024 RESULTS Advance Auto Parts, Inc. (NYSE: AAP), a leading automotive aftermarket parts provider in North America that serves both professional.

The headline numbers for Advance Auto Parts (AAP) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

‘We saw negative impact from weather, coupled with a challenged consumer,” Chief Executive Shane O'Kelly said on the company's earnings call.

Advance Auto Parts (AAP) came out with quarterly earnings of $0.67 per share, missing the Zacks Consensus Estimate of $0.69 per share. This compares to earnings of $0.72 per share a year ago.

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 first quarter ended April 20, 2024. “Our team continues to execute against our decisive actions, including commencing our supply chain consolidation and making meaningful progress toward the potential sale of Worldpac,” said Shane O'Kelly, president and.

Advance Auto Parts continues to see a decline in sales and a slip in profit margins. New management believes it can fix supply-chain inefficiencies and sell a noncore brand, which are ongoing points of optimism.

Besides Wall Street's top -and-bottom-line estimates for Advance Auto Parts (AAP), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended March 2024.