Wall Street expects a year-over-year decline in earnings on lower revenues when Advance Auto Parts (AAP) reports results for the quarter ended June 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on August 22, 2024, might help the stock move higher if these key numbers are better than e ...

OKLAHOMA CITY, July 12, 2024 (GLOBE NEWSWIRE) -- Murphy Law Firm is investigating claims on behalf of all individuals whose personal and confidential information was compromised in the data breach involving Advance Auto Parts. On May 23, 2024, Advance Auto Parts detected suspicious activity on its computer network, indicating a data breach. Based on a subsequent forensic investigation, Advance Auto Parts determined that cybercriminals infiltrated its inadequately secured computer systems and thereby gained ...

A month has gone by since the last earnings report for Advance Auto Parts (AAP) . Shares have lost about 6.4% in that time frame, underperforming the S&P 500.Will the recent negative trend continue leading up to its next earnings release, or is Advance Auto Parts due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. Advance Auto Q1 Earnings Miss Estimates ...

RiverNorthPhotography Thesis In today's top-heavy, tech-driven market, investors continue to chase the "shiny new object." For long-term investors, this sentiment has created attractive opportunities beneath the surface, leading to many "boring" companies being overlooked. One of those "off the beaten path" companies is Advance Auto Parts (NYSE:AAP). Shares of AAP have fallen by over 70% since all-time highs in 2021, largely, in my opinion, due to years of mismanagement and a flawed strategy of increa ...

Try to keep a healthy dose of skepticism -- but these two companies could be on the brink of shocking investors.Long-term investing requires optimism. This is why investing in turnaround opportunities is intrinsically dangerous. The danger to investors is the failure to properly assess the risks because they look at the opportunity through rose-colored glasses. Their optimism emphasizes the good possibilities instead of the bad ones and makes it harder to develop a balanced assessment.Businesses sometimes p ...

Advance Auto Parts, Inc. (AAP) reported adjusted earnings of 67 cents per share for first-quarter 2024, which missed the Zacks Consensus Estimate of 69 cents. The company reported an adjusted earnings per share (EPS) of 72 cents in the year-ago quarter.Advance Auto generated net revenues of $3.41 billion, which missed the Zacks Consensus Estimate of $3.43 billion on lower-than-expected comparable store sales. Comparable store sales decreased 0.2% year over year. We projected a rise of 0.7% for the same. The ...

The company isn't turning it around fast enough for investors.Auto parts retailer Advance Auto Parts (AAP -9.69%) is (hopefully) in the middle of a turnaround. But it's apparent that the turnaround isn't done yet.The company just reported financial results for its fiscal first quarter, which ended on April 20, and they were below investor expectations. Consequently, Advance Auto Parts stock was down 6% as of 11 a.m. ET on Wednesday.Still a business that needs workIn August 2023, Advance Auto Parts hired Sha ...

财务数据和关键指标变化 - 第一季度销售额为34亿美元,同比下降0.3% [21] - 可比店铺销售下降0.2% [21] - 毛利率为42%,同比下降82个基点,主要由于成本上涨未完全被价格上涨抵消 [22][23][25] - 销售、一般及管理费用同比下降2100万美元,降幅48个基点,主要由于去年第四季度采取的成本节约措施 [26] - 营业利润率同比下降34个基点 [26] - 每股收益为0.67美元,同比下降0.14美元 [27] - 自由现金流为负4600万美元,去年同期为负4.7亿美元 [27] 各条业务线数据和关键指标变化 - 专业客户业务实现低单位数的可比销售和交易量增长 [7][21] - DIY业务可比销售呈低单位数负增长 [21][38] - 电池、滤芯和发动机管理类别表现强劲,而制动系统等维修类别表现疲软 [22] 各个市场数据和关键指标变化 - 西部和中西部地区表现最佳,而中大西洋东南部地区包括德克萨斯州和佛罗里达州表现最差 [22] - 天气因素对销售产生负面影响 [6][22] 公司战略和发展方向及行业竞争 - 公司正在执行一系列"决定性行动"来简化业务,包括出售Worldpac、降低成本、组织变革、提高资产生产率和整合供应链 [9][15][19] - 公司正在加强专业客户业务,包括上下游客户、战略客户账户、Carquest独立店和Worldpac [7][8][91] - 公司正在整合供应链,包括建立14个大型配送中心和至少60个市场枢纽 [15][16][17][18] - 公司认为行业基本面稳定,但宏观环境的不确定性可能对业务产生负面影响 [20] 管理层对经营环境和未来前景的评论 - 第一季度表现低于预期,受天气和消费者购买力下降的负面影响 [6] - 预计第二季度业绩将受到更大压力,但下半年有望改善 [25][26][98] - 对公司的转型计划充满信心,相信可以提高业务表现 [20][29] 其他重要信息 - 公司已完成内部控制薄弱问题的大部分整改工作,并继续加强内部控制环境 [28] - 公司正在积极推进Worldpac的出售,预计将在第二季度完成 [10][39][40][94] 问答环节重要的提问和回答 问题1 **Bret Jordan 提问** 询问第一季度各类专业客户业务的表现 [34][35] **Ryan Grimsland 回答** 公司不会披露具体数据,但专业客户业务整体实现正增长 [35][36] 问题2 **Michael Lasser 提问** 询问DIY业务的表现及未来改善计划 [37][38] **Shane O'Kelly 回答** DIY业务受宏观经济环境的负面影响,公司正采取多项营销和培训措施来提升表现,但短期内改善有限 [38][39] 问题3 **Simeon Gutman 提问** 询问Worldpac出售的决策依据和对公司业务的影响 [44][45][46] **Ryan Grimsland 回答** Worldpac出售决策是基于公司整体战略考虑,与内部控制问题无关。公司将在交易完成后更新业务指引 [46]

Advance Auto Parts (AAP) reported $3.41 billion in revenue for the quarter ended March 2024, representing a year-over-year decline of 0.3%. EPS of $0.67 for the same period compares to $0.72 a year ago.The reported revenue represents a surprise of -0.79% over the Zacks Consensus Estimate of $3.43 billion. With the consensus EPS estimate being $0.69, the EPS surprise was -2.90%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determi ...

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. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -2.90%. A quarter ago, it was expected that this auto parts retailer would post earnings of $0.24 per share when it actually produced a loss of $0.59, delivering a surprise of -345.83%.Over the last four quarters ...