Advance Auto Parts (AAP) reported $2.15 billion in revenue for the quarter ended September 2024, representing a year-over-year decline of 21%. EPS of -$0.04 for the same period compares to -$0.82 a year ago.The reported revenue represents a surprise of -19.40% over the Zacks Consensus Estimate of $2.67 billion. With the consensus EPS estimate being $0.52, the EPS surprise was -107.69%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to ...

Advance Auto Parts (AAP) came out with a quarterly loss of $0.04 per share versus the Zacks Consensus Estimate of $0.52. This compares to loss of $0.82 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -107.69%. A quarter ago, it was expected that this auto parts retailer would post earnings of $0.97 per share when it actually produced earnings of $0.75, delivering a surprise of -22.68%.Over the last four quarters, the company h ...

Exhibit 99.1 Advance Auto Parts Reports Third Quarter 2024 Results and Completes Comprehensive Review of Operational Productivity ▪ Announces Asset Optimization Program Targeting Reduction of 500 Corporate Stores, 200 Independently Owned Locations and Four Distribution Centers by Mid-2025 ▪ Introduces New Fiscal 2027 Financial Objectives Targeting Approximately 7% Adjusted Operating Income Margin and Approximately 2.5x Debt Leverage Ratio; Provides Preliminary 2025 Guidance (1) ▪ Identifies Over 500-basis p ...

Advance Auto Parts, Inc. AAP will release earnings results for its third quarter, before the opening bell on Thursday, Nov. 14.Analysts expect the Raleigh, North Carolina-based company to report quarterly earnings at 54 cents per share, versus a year-ago loss of 82 cents per share. Advance Auto Parts projects to report revenue of $2.67 billion for the quarter, compared to $2.72 billion a year earlier, according to data from Benzinga Pro.On Nov. 4, Advance Auto Parts announced the close of the sale of Worldp ...

Analysts on Wall Street project that Advance Auto Parts (AAP) will announce quarterly earnings of $0.52 per share in its forthcoming report, representing an increase of 163.4% year over year. Revenues are projected to reach $2.67 billion, declining 2% from the same quarter last year.The consensus EPS estimate for the quarter has undergone an upward revision of 28.8% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial est ...

Advance Auto Parts (AAP) is expected to deliver a year-over-year increase in earnings on lower revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on No ...

Core Viewpoint - Advance Auto Parts is undergoing a significant turnaround plan, bolstered by a $1.2 billion cash influx from the sale of its Worldpac business, which is expected to enhance its financial flexibility and operational efficiency [1][2][4]. Group 1: Company Overview - Advance Auto Parts has a market capitalization of $2.4 billion, significantly smaller than competitors Autozone and O'Reilly, which have market caps of $53 billion and $71 billion respectively [1]. - Advance operates nearly 4,800 locations, while Autozone and O'Reilly have approximately 7,400 and 6,200 locations respectively, indicating that the size disparity does not fully justify the market valuation differences [1]. Group 2: Financial Transactions - Advance sold its Worldpac business for $1.5 billion, netting approximately $1.2 billion after transaction expenses, which is about half of its current market cap [2]. - Worldpac generated $2.1 billion in trailing-12-month revenue and $100 million in EBITDA, leading to a sales price of 0.7 times its sales and 15 times its EBITDA [2]. Group 3: Performance Metrics - Advance's stock trades at 0.2 times sales and about 7 times EBITDA, indicating that the sale of Worldpac was at a premium compared to its current stock valuation [3]. - Over the past decade, Advance has averaged an operating margin of about 6%, significantly lower than Autozone and O'Reilly, which have maintained margins between 18% and 20% [4]. Group 4: Strategic Changes - The new CEO, Shane O'Kelly, is focusing on restructuring the supply chain to address profitability issues, which is seen as crucial for improving returns for shareholders [5][6]. - If Advance can achieve a 10% operating margin, it could generate close to $1 billion in annual profits, with potential for the stock to quadruple in value if valued at 10 times its operating profit [5]. Group 5: Financial Position - Advance has approximately $1.8 billion in long-term debt and less than $500 million in cash and equivalents, indicating a challenging net-debt position [6]. - The sale of Worldpac is expected to improve Advance's balance sheet and provide management with the necessary flexibility to make strategic decisions for long-term success [6].

Company Overview - Applovin (AAP 1 12%) has been one of the biggest winners of the artificial intelligence boom [1] Industry Impact - The company makes it easier for app developers to generate revenue from their creations [1] Stock Performance - Stock prices used were the afternoon prices of Oct 15 2024 [1]

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This automotive parts retailer is attempting to jump-start its growth engine.Like an old car that breaks down often, Advance Auto Parts (AAP 1.02%) stock has been a giant headache for investors. The automotive parts retailer and distributor has struggled amid an industry slowdown and weaker-than-expected earnings. Shares have declined by 83% from their all-time high in early 2022, with the sell-off continuing this year.The numbers are discouraging, but this type of volatility can sometimes present a compell ...